Associate-BRC

Job Description

About the opportunityTitle: Associate DistributionsDepartment: India Banking Reconciliations and ControlLocation: NoidaOur ValuesAll our people must be able to demonstrate affinity with the Fidelity core values:Integrity Doing the right thing, every time and putting the client first.Trust Empowering each other to take the initiative and make good decisions.Our BehavioursAll of our people must be able to operate in accordance with our behaviours:Brave Challenging the status quo, being accountable and speaking up.Bold Acting with conviction, encouraging diverse thinking and keeping things simple.Curious - Learning to do new things in better ways and encouraging fresh thinking.Compassionate - Having empathy, caring for colleagues, clients and community.Department DescriptionBanking, Reconciliations & Control (BRC) 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 Funds Network fund supermarket business. In addition, BRC includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Business Operations.Purpose of your roleDistributions is responsible for the daily processing of distribution payments & reinvestment deals, and other associated tasks in Offshore, Onshore, UKFNW and Investment Trusts across two systems, GFAS & Sonata. The daily work is primarily determined by the calendar which details the main tasks to be done and the processes include client corrections and investigations regarding their individual payments. Unit reconciliations are done with respect to the GFAS holdings and units at the Third Party Provider / Fund Accounting at a Fund level as well as between internal systems. Work and volumes therefore vary daily, but the department is particularly busy during & following the month-end. The job also entails ensuring adherence to compliance requirements with respect to money movements and customer assets in day to day operations. Apart from the core function of processing dividends the function also involves reconciliations of ledgers such as the return payments ledger and also includes activities like keying and scanning.Key Responsibilities

• Sound understanding of Fidelity Products & Services including UK / Europe business area s for which he/she is responsible for providing services to client.
• Awareness of current FCA CASS including awareness of TCF and seven customer principles.

• To be able to perform timely dividend processing for onshore, offshore and FNW product groups.
• To update and maintain the ledgers, including recoding reasons for outstanding items over a set period.
• To create correcting journals / cashbook keyings for reconciliation purposes.
• To investigate & follow up on outstanding items with other departments within BRC (Cashmatch, CBU, Controls & Settlements, etc) as well as other departments in UK, Luxembourg, Germany, Hong Kong, etc.
• Money movements across Client and Settlement Bank Accounts to address any shortfalls/surpluses and avoid potential breaches.
• Produce reconciliation reports of outstanding items and their aging, also including action steps for resolution.
• Experience and Qualifications Required
• B.Com or an equivalent bachelor s degree from a recognised university. Multi-departmental exposure will be an added advantage.
• Strong analytical skills with attention to detail.
• To be able to prioritise and organise effectively to ensure deadlines are met.
• Demonstrates a high level of commitment to improving customer service / processes internally.
• Excellent communication skills.
• Good computer skills with knowledge of MS Word, Excel and Power Point. Sound knowledge of Autorek, Sonata & AS 400 is required.

Keyskills :
client solutionscentral banksfund accountingflexible approachanalytical skillssubject matter expertiseclient moneyasset managementcomputer skillsinvestment trustscash bookas 400customer service