Assistant Vice President - Asset Management Operations

Shift Timings: 4:00 PM-1:00 AM IST

About the Team:

The Operations team in Asset Management Division supports the US Asset Management office, which specializes in providing Investment Advisory services in High yield bonds and Leverage loans securities.

Role:

- The role will report to Vice President of Asset Management Division.

- Account for the day-to-day management of functional/oversight team(s) and manage daily service delivery and production activities performed by the staff

- Work in conjunction with individuals on the team (locally) and in the regional offices to ensure seamless processing according to the fund policies, ensure NAV/Yield accuracy and that all SLA's are met

- Works collaboratively with teams and management across the organization on various projects, oversight, committees, KPI's etc

- Act as the primary contact and key escalation point for operational issues, as well as provide technical expertise to resolve daily problems

- Ensure appropriate records of daily and monthly activities are kept. Assist with compliance reviews or audits as needed.

- Perform regular gap analysis and process exception review; implement remediation initiatives across those tasks identified as best practice

- Continuously monitor Key Risk Indicators for people and process.

- Establish strong collaborative business relationships at all levels to facilitate the accomplishment of business objectives

- Participate and lead projects that may be defined from time to time in connection with the continuous expansion and evolution of business.

- Assist in co-ordinating the creating, development, testing and roll-out of technology applications and roll-out of technology applications to further streamline the tasks

- Focus on identifying, developing, deploying and retaining key talent for the future success of the team

- Train, develop and motivate staff, as well as complete performance appraisals

- Be responsible for hiring new personnel and make effective hiring decisions

Team Profile -

- Portfolio Reconciliation - Daily, Weekly and Monthly reconciliations of IM vs Custodian records. Own responsibility of root cause analysis and resolution of discrepancies.

- Cash Projection - Reporting Firm AUM, Trade date and Settle date cash to Portfolio Managers and Trading desk, Overdrafts. Tracking and booking of Subscription and Redemptions.

- Corporate Actions - Complete lifecycle management of mandatory corporate action event i.e. identification, data scrubbing, calculating economics, booking to accounts and post settlement reconciliation

- Custodian/Fund Administrator Reporting - Reporting of holdings, market value, accrued income. Submission of Portfolio reconciliation reports and validation of NAV's within reasonable tolerance levels.

- Portfolio Performance measurement - Reporting of Portfolio performance vs the benchmarks. Daily flash reporting, monthly schedule of customized client reports, attend to Portfolio manager or client queries.

- Product Control - Daily and monthly reporting of revenue of the firm

- Investment Management fee - Manage NAV tracking, fee calculations, preparation and distribution of Client fee invoices. Maintenance of fee calculation system.

- Process Transformation programs - Continuous review of existing processes/tasks and identify areas of improvements to bring efficiency or mitigation of risk areas. Run frequent ideation programs within the team to build a culture of challenging the status quo.

- FinTech skillset - Certification and hands on experience in Alteryx, PowerBI, Confluence, SharePoint etc. Ability to utilize these tools to automate a task to build efficiency or mitigate a risk area.

Key Skills: