Mutual Fund Operations Professional

Midas Fintech Solutions; Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Midas Fintech Solutions in Mumbai is seeking a Mutual Fund Operations professional to oversee the end-to-end operational workflow for mutual funds, ensuring accuracy and regulatory compliance.

You will manage client onboarding, trade processing, reconciliations, and servicing, coordinate with AMCs and providers, generate reports, and drive process improvements through automation and controls. Strong attention to detail and ability to liaise with internal teams and clients will be valued.

Qualifications

• Experience in mutual fund operations and trade processing.
• Ability to perform reconciliations and ensure compliance.
• Strong client servicing and documentation skills.

Responsibilities

• Client onboarding: Facilitate end-to-end onboarding and account setup, ensuring documentation is complete.
• Trade processing: Execute mutual fund orders accurately and monitor settlements.
• Reconciliation: Perform daily, monthly, and quarterly reconciliations of transactions, positions, and cash balances.
• Compliance management: Stay updated with AML/KYC regulations and conduct compliance reviews.
• Client servicing: Assist clients with mutual fund transactions and inquiries, maintaining strong relationships.
• Investment operations coordination: Coordinate with AMCs and PMS providers for onboarding and operations.
• Reporting and documentation: Prepare reports, NAV calculations, and maintain transaction records.
• Process improvement: Identify, propose, and support automation and efficiency enhancements.

Skills

Mutual Fund Ops

Trade Processing

Reconciliation

AML/KYC

Client Servicing

Regulatory Compliance

Job description

Overview:

As a Mutual Fund Operations professional, your responsibility will be to oversee the operational aspects of mutual funds, ensuring seamless execution and compliance with industry regulations.

You will handle all key functions such as client onboarding, trade processing, reconciliations, compliance management, and client servicing. Your role is crucial in maintaining efficiency, accuracy, and regulatory adherence in mutual fund operations.

Key Responsibilities:

Client Onboarding:

• Facilitate end-to-end client onboarding, ensuring smooth account setup and documentation completion.


• Maintain accurate records of client onboarding processes for audit and compliance purposes.

Trade Processing:

• Execute mutual fund trade orders accurately and within designated timelines.


• Monitor trade settlements and ensure timely completion.


• Identify and resolve trade discrepancies efficiently.

Reconciliation:

• Perform daily, monthly, and quarterly reconciliations of transactions, positions, and cash balances.


• Investigate and resolve any discrepancies identified during reconciliations.


• Coordinate with internal teams and external parties for accurate reconciliation processes.

Compliance Management:

• Stay updated with regulatory requirements and ensure adherence to industry standards such as Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.


• Conduct periodic compliance audits and reviews to ensure regulatory compliance.


• Implement and maintain internal controls to mitigate compliance risks.

Client Servicing:

• Assist clients with mutual fund transactions, account inquiries, and operational concerns.


• Address client queries professionally and in a timely manner.


• Build and maintain strong client relationships to enhance satisfaction and trust.

Investment Operations Coordination:

• Facilitate coordination with AMCs, PMS providers, AIFs, Bonds, etc., for various investment operations and investor onboarding processes, ensuring compliance and operational alignment.

Reporting and Documentation:

• Prepare and distribute reports related to mutual fund activities, including trade confirmations, NAV calculations, and performance reports.


• Maintain accurate documentation of transactions, processes, and compliance activities.


• Assist in regulatory filings and respond to regulatory inquiries as required.

Process Improvement:

• Identify opportunities for process enhancements to improve operational efficiency.


• Collaborate with cross-functional teams to implement automation and workflow improvements.


• Stay updated on industry trends and best practices to enhance mutual fund operations.