Deputy Manager - Banking Operations

Invesco MF; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Invesco Mutual Fund seeks a Deputy Manager to oversee Banking Operations for mutual fund activities in Mumbai. You will coordinate with banks, manage subscription inflows, and ensure accurate cash flow reporting to the investment team, including fund transfers.

The role emphasizes reconcilations, compliance with SEBI regulations, and oversight of outsourced functions. Strong MS Excel/Word skills and excellent communication are essential for success.

Qualifications

• Post Graduate/Graduate with minimum of 3 years’ experience in operations role preferably from Mutual Fund or financial sector.
• Knowledge of Registrar, banking, depository processes
• Strong knowledge of reconciliations
• Understanding of SEBI Regulations
• Familiarity with asset management technology and operating platforms
• Experience of oversight on outsourced functions
• Effective knowledge of MS Word, Excel and PowerPoint
• Strong on analytics and problem-solving skills.
• Excellent Communication

Responsibilities

• Managing the Banking operations activities for the Mutual Fund
• Coordination with Banks for opening/closing scheme accounts and providing online access of the accounts to all the users.
• Tracking of subscription inflows in various collection bank accounts and updating the same in the inhouse application to provide timely and accurate cash flow reports to investment team.
• Initiating RTGS/NEFT/Fund transfers bank instructions (manual and physical) to various banks.
• Handling Redemption, Dividend & refund payouts, tracking of Rejection & issuing of warrants/DD.
• Registrar coordination for processing of Investor transactions
• Review and Resolve queries from Investors / Distributors/Sales/Branch Team
• Co-ordination with Exchanges for NFO, scheme master set up, details on Investor transactions
• Liasoning with Depositories for ISIN creation/activation/deactivation, Corporate action of investor transactions
• Reconciliation of TDS/Stamp duty data between RTA and FA records and initiating payout
• Support launch of new products and services
• Review of Scheme Information Documents/Addendum, etc.
• Knowledge of Mutual Fund Regulations
• Review of Banking Agreements
• Handling Internal, Statutory audit & Regulatory audit
• Strong knowledge of MS Excel, MS Word
• Preference will be given to candidate with Advanced Excel knowledge

Skills

Operations experience

Reconciliations

SEBI regulations knowledge

Analytical skills

Communication skills

MS Excel

MS Word

MS PowerPoint

Outsourced vendor oversight

Financial services familiarity

Education

Post Graduate/Graduate in Finance or related field

Tools

Registrar systems

Banking platforms

Job description

Employee

Job Description

Position Name

DeputyManager

FORMAL EDUCATION: (minimum requirement to perform job duties)

• Post Graduate, Graduate with 1-3 years ofexperience in Financial Service sector

Knowledge, Skills & Expertise

• Post Graduate/Graduate with minimum of 3 years’experience in operations role preferably from Mutual Fund or financial sector.
• Knowledge of Registrar, banking, depositoryprocesses
• Strong knowledge of reconciliations
• Understanding of SEBI Regulations
• Familiarity with asset management technology andoperating platforms
• Experience of oversight on outsourced functions
• Effective knowledge of MS Word, Excel andPowerPoint
• Strong on analytics and problem-solving skills.
• Excellent Communication

Attributes

• Team player who thrives in a collaborative workenvironment
• Focussed approach and detail orientation
• Open minded, flexible, and willing to listen forother people’s opinions
• Interpersonal skills necessary to effectivelycommunicate with a variety of individuals
• Excellent verbal and written communicationskills

Job Responsibilities

• Managing the Banking operations activities forthe Mutual Fund
• Coordination with Banks for opening/closingscheme accounts and providing online access of the accounts to all the users.
• Tracking of subscription inflows in variouscollection bank accounts and updating the same in the inhouse application toprovide timely and accurate cash flow reports to investment team.Initiating RTGS/NEFT/Fund transfers bank instructions (manual andphysical) to various banks.
• Handling Redemption, Dividend & refundpayouts, tracking of Rejection & issuing of warrants/DD.Strong ability to review and resolve breaks inreconciliation (Dividend/Redemption/Refund/Subscription)
• Registrar coordination for processing ofInvestor transactions
• Review and Resolve queries from Investors /Distributors/Sales/Branch Team
• Co-ordination with Exchanges for NFO, schememaster set up, details on Investor transactions.
• Liasoning with Depositories for ISINcreation/activation/deactivation, Corporate action of investor transactions
• Reconciliation of TDS/Stamp duty data betweenRTA and FA records and initiating payout.
• Support launch of new products and services
• Review of Scheme Information Documents/Addendum,etc.
• Knowledge of Mutual Fund Regulations
• Review of Banking Agreements
• Handling Internal, Statutory audit &Regulatory audit
• Strong knowledge of MS Excel, MS Word
• Preference will be given to candidate withAdvanced Excel knowledge

Job Snapshot

Updated Date

11-05-2026

Job ID

Job_3103

Department

Banking Operations