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Fund Management

The Fund Management department encompasses many critical responsibilities and close coordination with Fund Managers, Analysts, Product Specialists and clients.

The persons will be responsible for all the operational aspects including third party Custodians and Administrators of the funds. Some of the important duties include the developing, maintaining and supporting fund administration processes including NAV reviews, the management of 3rd party service providers, management of cash and position reconciliations and managing the ad-hoc projects.

The individuals are also responsible for providing administrative support across multiple funds, deal implementation and have to ensure that the portfolios are managed effectively and are in line with their relevant investment guidelines.

Persons have to experience in Portfolio modeling and a sound knowledge of FactSet including stock attribution data extraction. Additional experience in the Emerging markets along with knowledge of derivatives will be an advantage.

Good communication and computer skills along combined with a degree in Finance are the qualifying essentials of this job profile. A person with a good High School and Tertiary results along with a work experience of at least 1-2 years in a similar organization will also be considered suitable.

Salaries are commensurate with the person’s experience and proven skills and one can easily progress to senior positions, consultancy by proving their abilities in this specialised area of Finance.

Foreign Exchange - Money Market

The persons working in this FX-MM function must possess a strong understanding of FX products. These include ‘spots, forwards and options’. They should also possess knowledge of all Treasury based products.

The individuals have to manage the implementation and enhancement of the current back office system to support new financial products. They may also have to support global implementation and are directly responsible for the entire project lifecycle from inception to implementation. Persons are also responsible for managing the post-sales relationships with different companies dealing in different businesses but who utilise the organisation’s products and services.

The staff members of this division must be able to get an insight into the needs and requirements of clients and yet be able to achieve the best results for the organisation. An accurate evaluation of the current methods and strategies and the necessary decisions to implement changes and improvements form a part of their duties. They have to ensure compliance with policies and procedures established by the organisation. The individuals have to efficiently use the existing technical and process knowledge to add value to the team.

The individual must have the ability to deal with key members in the said area, possess the capabilities to identify areas requiring improvisations and initiating ideas etc for bringing about positive changes in the products. Persons must have a proven track record of managing large IT projects and programmes in the past and must possess working knowledge and experience of iterative development process. An experience of managing regulatory projects would be a distinct advantage. A good knowledge of Microsoft products, particularly MS Excel/Access Verbal /Written communication and presentation skills are a must for those working in this department.

All qualifying candidates must possess a minimum of 3 years previous experience with either middle office, back office or finance systems and processes and at least a minimum of 5 years experience of working within the financial sector. Salaries are in accordance with the person’s proven success and future prospects are dependent on the individual’s efforts to prove themselves indispensable to the organisation.

Middle Office

Individuals in this department are responsible for the preparation of the Profit & Loss report for stock lending and equity swaps businesses. They are responsible for the reconciliation of prices, positions and P&L of data driven from the front office systems as well as the back office systems.

Other functions of this department include the reviewing and reconciling of cash breaks and automated balance and automated balance sheet reconciliations, dealing with ad hoc queries from Front Office and other support areas, such Operations and Finance. Besides these, other functions include assisting with the month- end reconciliations and queries, offering support with the testing of system developments and new initiatives.

The individuals must also produce valuation estimates, support the monitoring of Forward Foreign Exchange Hedging,

Good communications skills coupled with excellent team spirit and thorough knowledge of equities or equity finance is an advantage. Good computer skills are essential preferably knowledge of Excel.

A person must be a qualified accountant with 0-2 years PQE (preferably ACA with first time passes). IMC qualification is a must.

Remuneration packages are in accordance with the person’s performances and prospects are easy to acquire if the individuals are willing to enhance their skills, constantly provide a successful track record and are eager to achieve on a regular basis in the interests of the organisation.

Project Management

The possessing of strong project management skills is very essential for all the personnel working in the functions of this department. These include planning, coordinating, training & mentoring all the team members.

Project management involves meeting the qualitative benchmarks of all the work and related activities of the Project, scheduling financial and technical expertise with the requisite knowledge in supervisory duties and responsibilities.

The persons are accountable for the analysis of the project performance through both oral and written status reports to the clients. The persons must possess the requisite abilities to manage the risks and expectations. Overseeing the arranging of meetings, the distribution of the meeting’s minutes, identifying the resources, screening candidates, assigning tasks and the successful execution of plans are some of the responsibilities if this department.

Enhancing one’s individual skills in terms of techniques, project tools etc, understanding and analysing the includes becoming familiar with new technology from internal or external resources; understanding the weaknesses and motivations of a team member; and identifying more efficient ways to perform an existing process.

A good team spirit is an essential characteristic of these persons as they have to interface and share the best practices with both, the peers and the management as well. In-depth knowledge and the a few years of experience in financial services is highly essential for all individuals working in this function.

Salaries are commensurate with the individual’s proven track record. Once persons have a successful record of having handled projects, they can take up individual projects on a consultancy basis and execute the Projects accordingly.

Retail Banking

The Retails Banking department functions include project definition and planning, analysis and definition, business modeling, financial information and implementation management.

One of the most important functions is the maintaining and ensuring of tight financial control and governance is the most essential feature of this profile. Individuals are responsible for the developing, recommending, negotiating and implementing operations policies, procedures and services. They have to direct the activity of new and current systems, procedures and methods and assist in evaluating the division’s operating capabilities its support.

Persons working in Retail Banking have to be offer effective problem-solving solutions and ensure the delivery of the highest quality of services. The qualifying candidates must have 8-10 years of operations management experience, functional knowledge of stated areas and responsibility and broad experience in high volume/production, client relations, risk and project management.

Essential requirements of persons working in this department are possessing excellent oral and written communication skills, strong organizational and time management skills and the ability to build effective relationships and motivate staff. Persons must be proficient in using a variety of technology resources, have to capabilities to adjust and enhance one’s skills in accordance with the changing environment and initiate productive solutions to deal with new directions or challenges. The departmental functions involve interaction pertaining to the issues of people and hence persons must have the foresight to understand and sympathise with those situations, the said processes and the products concerned.

A bachelor’s degree in Commerce combined with additional courses in the area of Banking qualifies one for working in this department. A diploma in Banking coupled with a few years of work experience also qualifies an individual for this department. Persons should be open to a changing environment, newer technology and techniques and innovative banking techniques all of which will be skewed towards customer satisfaction. Excellent communication skills are a must as the industry involves a lot of interaction with people from all walks of life on a regular basis.

With globalization, this industry offers excellent remuneration. The working hours may be slightly demanding especially during financial year end periods but the individuals are rewarded with ample perks and incentives for achievement established goals. One can grow speedily towards higher positions depending on individual contributions and performances.

Risk Credit Analysis

Persons working in this area have highly responsible functions e.g. the developing of analytical database requirements for specific projects, credit analysis and ratings, credit approvals, portfolio management and maintaining a forward-looking credit view of the concerned clients. The person will be responsible for financial modeling, compiling and verifying information from data sources and also supporting the data collation needs of the analyst team.

The individuals have to make appropriate analyses to determine the impact of strategy changes to the areas of application and account management strategies. Accurate credit analyses of banks, brokers, securities houses and investment managers are other important functions. Besides these the persons have to undertake data management activities.

The person should have very good decision-making skills. He/She should have the ability to monitor in an effective and timely manner with a clear focus on risk and this will have to be done by the recommending of credit limits. In addition to these, the individuals will have to review all existing exposures on an ongoing basis and develop tools for credit exposure analysis. Good communications skills and team spirit combined with the capabilities of participating and involving oneself in the implementation of credit exposure methodology and systems are the essentials.

A person must possess 2-3 years in a relevant financial service and/or finance-oriented Research/Analytics role. A Graduate level Finance degree (CPA/MBA) or undergraduate degree with relevant experience required will also help in qualifying a candidate for this division. One has to be alert about the market trends changes on a regular basis. Knowledge of derivatives and ISDA documentation is necessary. One has to upgrade their skills in the said area of specialisation and be able to use sophisticated techniques of statistics e.g. developing scores, profiles and other analytical-based tools for customer assets and liability portfolio management.

Compensation packages are attractive and in accordance with one’s skills while growth prospects towards senior positions are dependent on one’s proven track record.

Settlements

 
Individuals in this division have to deal with the settlement of equity deals within specified time-frames, liaise with custodians and resole all stock and cash reconciliation issues. Applying management skills on a day to day basis by utilising knowledge of dealer support. The area of Settlements is wide-spread and ranges across from consultancy to treasury, international billing and reconciliations.

The person will also have to have the requisite capabilities to deal with failed trades, complex clearing and other settlement issues as and when they arise. Reporting results against statistics, disaster recovery testing, and identifying opportunities for process improvement are some of the other responsibilities of persons working in this area of specialisation.

A qualifying candidate must possess a work experience of 5 years and must have the ability to identify and implement change. Good communication and strong management skills are a must. Knowledge of industry knowledge relating to principles of clearing and settlement, trade booking and a strong control focus with a developed understanding of key risks and controls associated with transaction management are some of the other key duties of this job profile.

Remuneration packages are in tandem with a person’s experience and skills and the prospects dependent on one’s successful track record.

Trade Support

 
Individuals in this work area are ideally responsible for the processing of trades across all markets and assisting with Settlements also. They must have a technical background covering as many credit products as possible.

This specialised area encompasses a broad range of responsibilities. These include Trade booking, P&L, Cash and stock reconciliation, trade settlements, documentation, payments, trade queries and maintaining an excellent relationship with prime brokers. They can also be involved in ad-hoc projects to improve the groups processes and controls and assist in P&L explain process.

Individuals must self-starters, independent, pro-active and adaptable and capable of working within a team environment with a professional attitude. Good communication skills are a must.

Qualifying candidates should have at least 2-3 years of work experience in a similar role. Knowledge of Murex would be advantageous but not essential. Some knowledge of interest rate products would be considered advantageous.

Remunerations are attractive and one can progress speedily depending on one’s efficiency. Growth prospects are in accordance with one’s capabilities and proven track records.

Banking Job Titles

 
banking career-jobs Back Office
banking career-jobs Foreign Exchange - Money Market
banking career-jobs Corporate Actions-Dividends
banking career-jobs Middle Office
banking career-jobs Derivatives
banking career-jobs Project Management
banking career-jobs Equity
banking career-jobs Retail Banking
banking career-jobs Fixed Income
banking career-jobs Risk Credit Analysis
banking career-jobs Fund Administration

banking career-jobs Settlements

banking career-jobs Fund Management

banking career-jobs Trade Support

 
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