Team Lead - Trade Settlements & Custody Operations

Roles and Responsibilities:

Trade Settlements:

- Managing accurate settlements of all transactions such as Equity, Debt, Derivatives, Interest Swaps, CBLO, Repo, T-Bills, etc., as per the defined settlement process in the mutual fund and other relevant regulations.

- Assist Investments in the booking of trades to ensure those are reported to the relevant authorities as per the defined timelines.

- Liaison with the treasury team to ensure obligations related to primary deals are aligned to avoid any penalty or charges.

- Extend all possible support to the investment/Limit monitoring team in the closure of deals in the trade accounting application, such as Bloomberg.

Custody Management:

- Collaborate with custody to supervise receipt and delivery of securities/payments according to the deal executed by the fund manager.

- Assist the Fund accountant with the timely accounting of trades for valuation purposes.

- Reconciliation of all forex positions and international trades with the help of the custodian.

- Monitor the SLA of a custodian to ensure no instances of trade failure.

Proxy voting Compliance:

- Ensure the process of proxy voting is designed and structured to minimize manual intervention.

- Extend support to the Investment function in meeting regulatory guidelines on proxy voting, both domestic and international.

Compliance of SEBI and Intermediary Regulations:

- Responsible for ensuring compliance of SEBI and other intermediary regulations, such as Custody, Exchanges, PCM, DP, etc., to the extent applicable for trade reporting and settlement of trades with each counterpart.

Portfolio Reconciliation:

- Perform daily reconciliation of the portfolio as per the FA books with trade applications such as Bloomberg for all asset classes.

- Ensure closure of equity derivative trades within exchange timelines post confirmation of trades from fund managers.

Audit and Annual Closing:

- Supervise annual closing of scheme financials with the help of Fund accountants. Assist the FA in preparing various notes, annexures, and disclosures applicable to the Mutual Fund annual reports.

- Assist in various audits, such as internal and statutory audits, along with managing SEBI inspection independently.

- Ensure submission of various reports and MIS to SEBI, AMFI, RBI, etc., and assist in scheme statutory disclosures within defined timelines with the help of compliance.

Managerial Responsibility

Team Leadership:

- Lead and manage a team of executives and professionals in trade and custody.

- Provide direction, set clear expectations, and ensure the team is working efficiently and effectively to support the Investments function in achieving compliance with operations around trades and custody.

Risk Management:

- Ensure strict compliance with mutual fund regulations, actively identify potential risks, and 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, Treasury, and the 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.