Asset Services (Fixed income / Claims/Redemptions), NCT

HITACHI VANTARA INDIA PRIVATE LIMITED; India; On-site; INR 900,000 - 1,300,000; Full time

Benefits offered by this job

Leave policy

Parental leaves

Child care assistance

Certifications sponsorship

Employee assistance program

Health insurance

Life insurance

Health screening

Job summary

HITACHI VANTARA INDIA PRIVATE LIMITED invites applications for Asset Services (Fixed income / Claims/Redemptions) based in Pune, India. The role covers reconciling accruals, record date balances and payments processing to institutional counterparties on traded stock positions and corporate actions.

The candidate should have 4–5 years in Investment Banking Operations with strong Corporate Actions knowledge and excellent English communication; willingness to work in Pune and travel as needed.

Qualifications

• 4–5 years of experience in Investment Banking Operations or Custody Operations.
• Fixed income / Claims / Redemptions experience.
• Strong Corporate Actions knowledge.

Responsibilities

• Liaise between onshore and offshore partners and manage day-to-day activities.
• Reconcile trades and books for entitlements; booking new positions and chasing counterparties on claims.
• Post-pay date reconciliation and file closure; supervise sub-processes and ensure SLA benchmarks.
• Train team members; manage leaves and escalation as first escalation point.
• Maintain strict controls and compliance to build a robust control environment.

Skills

Investment Banking Ops

Fixed income

Corporate Actions

Stakeholder mgmt

English comms

Job description

Job Description

Job Title: Asset Services (Fixed income / Claims/Redemptions), NCT Location: Pune, India

Role Description

The process involves input, investigation, and correction where we have discrepancies related to accrual processing, Record Date balancing and Payments processing to institutional counterparties on traded stock positions, stock lending positions, and client positions over the EX and record date for Voluntary & Mandatory Corporate Actions.

Benefits

What we’ll offer you

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under child care assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Key Responsibilities

• Liaising between DBOI & onshore / nearshore partners
• The candidate should also be able to handle huge volumes and escal
• Process day to day activities within set benchmarks with minimal error.
• Activities may include Reconciliation of trade positions / books for entitlements Booking of new positions in various DB systems Chasing counterparties on claims & initiating payments Post pay date reconciliation & File Closure Spend 50-60% of the time in actual transaction processing.
• To supervise day to day deliverables of the process/sub-process assigned.
• Will be the first escalation for exceptions & aged breaks.
• Processing & supervising sub-processes and ensure accuracy as per the SLA / benchmarks.
• Work allocation to PEs, received through system queues & E-mail requests
• Candidate needs to ensure that the relevant controls are executed & be responsible for 4 eyes.
• Ensure strict adherence to all internal and external process guidelines including compliance and legal so as to build robust control environment.
• Ensure there are no KPI miss, Breaches & Violation.
• To keep Team Manager informed of the exceptional occurrences, to enable appropriate action and also responsible for managing the team in his/her absence.
• Leave Management for entire Team
• Candidate will be required to train this function to other acceptable candidates, so must possess training skills.
• Primary Working Relationships
• Internal clients, Event Management, Client Services Group Brokers/Clients and Custodians contact via Phone and or Email Other internal teams onshore, near shore & offshore Operations Control on break issues Bangalore/London/Franfurt/Jacksonville/Pune

Skills and Experience

• 4 to 5 years experience in Investment Banking Operations / Custody Operations with at least 2-3 years of experience
• Fixed income / Claims/Redemptions or Income experience
• Strong Corporate Actions knowledge
• Comfortable dealing with multiple stakeholders and complex situations.
• Strong English written & verbal skills required.
• Ability to converse clearly with internal and external staff via telephone and written communication
• Proficient in Microsoft Office applications
• Be willing to work in relevant geography business hours
• Ready to travel as and when required