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Trainee, Reconciliations

3.00 to 5.00 Years   Hyderabad   29 Sep, 2020
Invesco Ltd
Job LocationHyderabad
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaFinance / Accounts / Tax
EmploymentTypeFull-time

Job Description

Job Purpose (Job Summary): He / She works under the general direction of the Team Leader in the reconciliation group. He /She provides operational support for investment activity in mutual funds, global funds and institutional accounts for INVESCO. He /She reconciles client accounts, verifies cash transaction and position activities, researches unresolved issues and interacts with the external group to resolve complex settlement and trade related issues. He /She exercises independent judgment while researching and resolving time critical and risk sensitive issues. Provide mentoring support for group Responsibilities / Duties:

  • Reconciles the Cash/Positions for all the internal and external systems and resolve the discrepancies/exceptions within the established deadlines.
  • Ensure that all client specific reconciliation guidelines and reporting standards are met.
  • Assist the team leader in completing client specific reports and analyze the same.
  • Respond to basic client questions and refer more complex issues to the team leader;
  • Perform and complete all tasks that meet client specified reconciliation guidelines and reporting standards;
  • Assist the team members in preparing, reviewing and analyzing reconciliation reports.
  • Review all reconciliations done by the other team members
  • Ensure Daily cash and position reconciliation of client portfolio s to the custodian.
  • Accurate and timely posting of contributions and withdrawals into the client portfolio s and report the same to the portfolio managers and the Traders.
  • Monitor and track the cash a level of the client portfolio s and report any overdrawn accounts and the accounts with high cash.
  • Matching of trades done by the traders against the brokers and resolve any exceptions and input the trades into the portfolio systems.
  • Set up securities in the trading and portfolio systems.
  • Accurate and timely posting of dividends, income and other expense transactions into the client portfolios.
  • Timely and accurate administration of various corporate actions like stock split, reverse split, spin off, bonus etc.
Formal Education:
  • BCOM, MCOM, MBA and any professional qualification with Finance as the major Specialization.
Work Experience / Knowledge:
  • 3-5 Years of knowledge on global capital markets and has worked in Portfolio Reconciliations, Trade Input and Data Management
Skills / Other Personal Attributes Required:
  • Excellent communication skills both written and verbal
  • Ability to work independently in a high-pressure environment.
  • Effective computer skills and attention to detail.
  • Process driven approach with a strong emphasis on compliance with rules and regulatio
Working Conditions:
  • Normal office environment with little exposure to noise, dust and temperatures
  • The ability to lift, carry or otherwise move objects of up to 30 pounds is also necessary
  • Normally works a regular schedule of hours, however hours may vary depending upon the project or assignment
  • Hours include alternate shift work, evenings and/or weekends and may include 24 hour a day on call support by pager and/or cell phone
Competency Requirements Invesco Core:
  • Achieves excellence through strong execution
  • Demonstrates collaboration and teamwork
  • Communicates effectively and respectfully
  • Promotes innovation and continuous improvement
  • Thinks ahead and makes fact-based decisions
,

Keyskills :
mutual fundscomputer skillsclient accountscapital marketscorporate actionsportfolio managersoperational support

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