Manager Banking & Payments

M&G Global Services; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

We at M&G Global Services in Mumbai are seeking a finance professional to support daily and monthly bank reconciliations and maintain precise accounting records. You will monitor cash balances, including foreign currencies, and ensure compliance with regulatory requirements.

The role involves intercompany settlements, project support, and timely reporting while upholding risk controls and process improvements. Join a diverse, globally connected team and contribute to robust financial operations.

Responsibilities

• Completion of daily and monthly bank reconciliations
• Maintenance of accurate accounting records
• Review of cash balance monitoring, management of foreign currency balances, monitoring regulatory own funds cash requirements
• Weekly reporting in accordance with internal policies
• Manage settlement of intercompany balances
• Collation and input of electronic bank transfers through the relevant banking systems
• Adherence to CASS rules through monitoring and reconciliation of Client Money accounts
• Administration of new bank account set-ups
• Maintain signatories and mandates of existing bank accounts
• Deliver a quality service and product to customers and stakeholders
• Support delivery of projects – business requirements, testing and implementation
• Focus on quality of delivery within guidelines and precedent
• Run processes and systems following pre-defined procedures
• Adapt to change and propose improvements to own work and processes
• Demonstrate a positive risk, compliance and control culture by identifying, assessing, monitoring and managing risks

Job description

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune. Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues. Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions. Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Responsibilities

• Completion of daily and monthly bank reconciliations
• Maintenance of accurate accounting records
• Review of Cash balance monitoring, management of foreign currency balances, monitoring regulatory own funds cash requirements.
• and weekly reporting in accordance with internal policies
• Manage settlement of intercompany balances
• Collation and input of electronic bank transfers through the relevant banking systems
• Adherence to CASS rules through monitoring and reconciliation of Client Money accounts (if required)
• Administration of new bank account set-ups
• Maintain signatories and mandates of existing bank accounts
• Accountable for delivering a quality service and product to customers and stakeholders
• Support delivery of projects – business requirements, testing and implementation
• Focuses on quality of delivery to achieve clear outputs within guidelines and precedent
• Runs the organisation's processes and systems following pre-defined procedures
• Adapts to change, responds with initiative and make suggestions for improvements to own work and processes
• To demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise.

Diversity and Inclusion

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

Company Highlights

M&G is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2024, we had £345.9 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.