Team Member - CROps, Chennai

Aditya Birla Sun Life Asset Management Ltd (AMC); Tamil Nadu; On-site; INR 300,000 - 500,000; Full time

Job summary

Aditya Birla Sun Life Asset Management Ltd (AMC) is seeking a diligent professional to manage day-to-day transactional processing across business segments at the branch level, ensuring accurate and timely processing for a mixed investor base of retail and institutional clients. The role emphasizes adherence to SOPs and regulatory guidelines, with strong emphasis on KYC and fund deployment reporting.

The position involves engaging with sales and internal as well as external stakeholders, handling

Qualifications

• Experience in financial transaction processing.
• Knowledge of KYC procedures and regulatory guidelines.
• Ability to handle high-volume retail and institutional transactions.
• Strong attention to accuracy and reporting.

Responsibilities

• Accept and process transactions within SOPs and regulatory guidelines.
• Ensure timely reporting of fund flows and accurate banking of instruments.
• Coordinate with internal and external stakeholders including banks, sales teams, and service providers.
• Maintain compliance with NAV display and regulatory requirements.
• Liaise with sales/support to resolve processing issues and ensure smooth transaction experiences.

Skills

Transaction processing

Regulatory compliance

KYC processing

Stakeholder liaison

Job description

Job Purpose

Managing the day to day transactional processing activities of the branch for all Business segments, ensuring, accurate and timely transactions processing, for an investor base which is a mix of retail and Institutional investors, within the laid down Standard Operating Process and adhering to Regulatory guidelines.

Managing the day to day transactional processing activities of the branch for all Business segments, ensuring, accurate and timely transactions processing, for an investor base which is a mix of retail and Institutional investors, within the laid down Standard Operating Process and adhering to Regulatory guidelines. The job also involves providing accurate and timely information for deployment of funds as also providing support to internal as well as external stake holders. In addition to this engaging with sales is also an important function of this job.

Job Context & Major Challenges

Bangalore, Kolkatta, Ahmedabad, Pune & Chennai are relatively high volume branches which handle high volume of retail transactions with a fair share of institutional and corporate transactions which involves handling clearance based funds.

The job requires handling transactions received by way of walk ins from investors/distributors as also transactions received by way of fax mainly from Institutional investors. On an average the job has to support approx 70-150 transactions per day having an approximate value of Rs 50 to 150 Crs per day. The job also involves accurate and speedy reporting of funds for deployment purpose, in addition to banking activity.

The investor base is primarily Retail in nature These branches put together handles aprox 8000 Crores of Insitutional AUM. Owing to the large value attached to transactions received from Institutional investors, it is imperative that a lot of care needs to be exercised at the time of Quality Checks, processing as well as reporting of funds for deployment.

The job requires utmost care to be exercised while carrying out processing of these transactions, as any error could have a possible financial impact on the organisation.

Key challenges

• Handling large value transactions received from Institutional investors.
• Processing of KYC for new as well as existing customers.
• Processing & tracking transactions received by way of fax
• Supporting multiple Business segments, with varied requirements.
• Ensuring correct documentation for institutional investors to have a smooth transaction experience
• Timely banking of cheques to ensure the funds is received within the stipulated time.
• Managing last minute transactions received by way of pickup arrangements.
• Keeping one self updated with latest developments in the industry/ Regulations

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters)

KRA1 Transaction acceptance and processing: Accepting transactions and processing the same within the laid down SOP’s and regulatory guidelines. Reporting all fund flows for timely and proper utilization. Banking of all payment instruments.

KRA2 Adherance to regulatory guidelines: Display of NAV as per the guidelines. Ensuring no regulatory deviation in the branch related to transaction processing.

KRA3 Reconciliation of Transactions: Reconciling received transactions with processed transactions. Verify processing and accuracy.

KRA4: To liaise with internal and external clients. To liaise with Banks, Sales Team and HO on time to time for transaction related activities. To liaise with Sales / Sales support to clear any issues related to transaction processing. To build a strong relationship with service providers/vendors like transfer agents, bankers, courier etc at local level

KRA5 To process KYC Applications received at the branch. Accepting and processing of KYC’s within the guidelines. To reconcile the KYC’s processed and to ensure that No KYC is rejected at the KRA’s end