Job description

Experience: 3 to 7 Years
Location: Santacruz East, Mumbai

Roles and Responsibilities:

• Manage banking operations: Ensure accurate cash flow reporting of each scheme to Fund managers during business hours comprising collection of subscription funds, utilisation of funds towards redemptions, corporate actions and payments on daily basis. Oversee and report incremental cash flow as per defined frequency. Follow-up with the Customer service and sales team for missed/pending transactions to ensure no cash remains unreported. Ensure all cash flow management are automated and risk free with least manual intervention.

• Treasury Management: Monitor collection of all inflows from custody and SDL accounts towards sale of securities and corporate actions and make provision of funds for purchase of securities and Primary trades. Supervise payment of invoices /Debit notes related to scheme recurring expenses such as AMC fees, Commission, RTA bills etc. and discharge of liabilities towards payment of statutory taxes.

• Compliance of SEBI and RBI Regulations: Ensure all banking transactions are completed within the regulatory timelines and framework and comply with internal policies. Oversee real time movement of funds to ensure no shortfall in the closing position of schemes to avoid overdraft charges/penalties. Responsible for compliance of SEBI/RBI/AMFI regulations on utilisation of funds and operation of Pool banking facilities. Ensure daily allocation of investments in Treps/Repo in CCIL in various schemes as per defined policy.

• Manage Banking Relationship: Manage relationship with key banking partners to capitalize possible opportunities to support business. Evaluate new financial products offerings by various banks to improve transaction efficiency and reduce banking transaction charges. Oversee liquidity requirements such as Intraday borrowings or overnight borrowings within regulatory limits to meet the temporary cash flow management.

• Bank Reconciliations: Oversee bank reconciliation all forms such as subscriptions, redemptions, switches, NFO, Dividend to prevent adverse impact on fund performance. Identify automation opportunities/cost effectiveness through drawing insights from reconciliation breaks.

• Supervise administrative activities: Supervise bank operating procedures such as NFO account opening, review of pool and dormant accounts etc. Review of bank signatory list for smooth banking operations and to ensure no scope for any error or fraud in banking unit.

Managerial Responsibility:

• Team Leadership: Lead and manage a team of executives and finance professionals in banking channel. Provide direction, set clear expectations, and ensure the team is working efficiently and effectively to support Investments function in achieving objectives of the fund.

• Financial Compliance & Risk Management: Ensure strict compliance with mutual fund regulations, actively identify potential risks, an implement appropriate internal controls to safeguard the scheme’s financial health and integrity.

• Cross-Department Collaboration: Collaborate with other departments, such as Unit Administrative Operations, Custody and Investments function to achieve broader business goals and meet regulatory requirements.

• Training & Development: Train, mentor, and support team members in their professional development. Foster a culture of continuous learning and development within the team, ensuring skills and knowledge are up-to-date and aligned with organizational needs.