Job Description
Title Associate
Department Reconciliation and Product Management
Location Gurugram
Level Operational Processing - 1
About Fidelity International
We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Asset Reconciliations team and feel like you’re part of something bigger.
About your team
Reconciliations is responsible for the receipt and payment of monies to / from investors / intermediaries and the reconciliation of cash and stock positions for Fidelity’s European based funds and FundsNetwork fund supermarket business. The successful candidate, as a member of the reconciliations team will be responsible for supporting the growth of the department activities based in the India Service Centre. This role is responsible for ensuring that appropriate client money regulations and controls on customer assets are adhered to and best practice standards are maintained across all activities, particularly in the protection of customer assets and client monies.
About your role
The objective of this role is to support reconciliations by providing the best possible service to our customers by responding appropriately to the changing regulatory framework and business priorities. By virtue of having in-depth knowledge of all related aspects of the process within the team, an individual in this role, would be able to define and support customer centric solutions, with focus on protection of client monies and assets within the FCA’s (UK Regulator) prescribed rules and regulations, as well as meet all expected and defined deadlines within agreed service standards.
Client Assets, by virtue of having in-depth knowledge of the process / procedures / system, will in addition to contributing to the business as usual working and processing activities, also act as a single point of contact for any team related technical issue, especially around client assets. The candidate will also be expected to work closely with the Technical Support and Client Money Operational Support Functions to assist with the delivery of tactical and strategic initiatives for the team specifically and also ISC department as a whole. This may require building an increasing awareness of FCA’s regulatory requirements on protection of client monies and assets through training, workshops, assisting with process improvements within the team and other teams with focus on making processes more automated and straight through, reduced regulatory risk and enhanced controls, being engaged in projects along with operational areas and providing expert inputs to ensure timely and quality delivery on projects.
About you
• To be able to perform and support timely automated reconciliation of client assets along with Pricing reconciliation.
• Identify and address potential shortfalls / surpluses in client money bank reconciliations and ledgers to avoid client money breaches.
• To perform timely reconciliations of Third Party deals on a daily basis, in order to enable timely settlements to Fund Providers
• To investigate & follow up on outstanding items with other departments across India , UK, Luxembourg, Germany, Hong Kong, etc. This includes monitoring of departmental mailboxes and timely action on emails received, especially impacting Client Money/Assets.
• To ensure regulatory knowledge is regularly updated and maintained. Work with Technical Support to build awareness around the protection of client money and assets per the FCA’s prescribed rules and regulations.
• To ensure knowledge of the products & procedures within Fidelity and also within the Financial Market is maintained and updated regularly. Understands, articulates and implements best practices related to their process / task. Communicates effectively across all levels.
Feel rewarded
For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.