Deputy Manager - Banking Operations

Position Name: Deputy Manager Department: Registrar & Banking Operation FORMAL EDUCATION: (minimum requirement to perform job duties) · Post Graduate, Graduate with 1-3 years of experience in Financial Service sector Knowledge, Skills & Expertise · Post Graduate/Graduate with minimum of 3 years’ experience in operations role preferably from Mutual Fund or financial sector. · Knowledge of Registrar, banking, depository processes · Strong knowledge of reconciliations · Understanding of SEBI Regulations · Familiarity with asset management technology and operating platforms · Experience of oversight on outsourced functions · Effective knowledge of MS Word, Excel and PowerPoint · Strong on analytics and problem-solving skills. · Aptitude for encouraging positive relationships Competencies · Excellent Communication · Collaboration · Innovation & Continuous Improvement Attributes · Team player who thrives in a collaborative work environment · Focussed approach and detail orientation · Open minded, flexible, and willing to listen for other people’s opinions · Interpersonal skills necessary to effectively communicate with a variety of individuals · Excellent verbal and written communication skills J ob Responsibilities: · Managing the Banking operations activities for the Mutual Fund · Coordination with Banks for opening/closing scheme accounts and providing online access of the accounts to all the users. · Tracking of subscription inflows in various collection bank accounts and updating the same in the inhouse application to provide timely and accurate cash flow reports to investment team. Initiating RTGS/NEFT/Fund transfers bank instructions (manual and physical) to various banks. · Handling Redemption, Dividend & refund payouts, tracking of Rejection & issuing of warrants/DD. · Strong ability to review and resolve breaks in reconciliation (Dividend/Redemption/Refund/Subscription) Coordination with Service Providers · Registrar coordination for processing of Investor transactions · Review and Resolve queries from Investors / Distributors/Sales/Branch Team · Co-ordination with Exchanges for NFO, scheme master set up, details on Investor transactions. · Liasoning with Depositories for ISIN creation/activation/deactivation, Corporate action of investor transactions · Reconciliation of TDS/Stamp duty data between RTA and FA records and initiating payout. Operations Support · Support launch of new products and services · Review of Scheme Information Documents/Addendum, etc. · MIS on Investor Transactions, Systematic Investment Plans, etc. · Knowledge of Mutual Fund Regulations · Review of Banking Agreements · Handling Internal, Statutory audit & Regulatory audit · Strong knowledge of MS Excel, MS Word · Preference will be given to candidate with Advanced Excel knowledge