Custody Operations

KEY RESPONSIBILITIES

• Manage day-to-day Custodian, Clearing and Settlement operations and relationships for equity, debt, money market and other permitted investments.
• Ensure accurate and timely securities and cash reconciliation between Custodian, Banks, Brokers, Clearing Corporation and Fund Accounting records.
• Monitor trade confirmation, allocation, settlement, pay-in/pay-out, failed trades and settlement exceptions.
• Monitor and process corporate actions and ensure timely collection/reconciliation of scheme entitlements.
• Manage daily scheme-wise treasury and cash positions, including expected inflows/outflows and payment obligations.
• Monitor liquidity requirements including intra-day borrowing for redemptions, investments, settlements, margin obligations, distributions and other scheme commitments.
• Prepare cash-flow forecasts and maintain adequate liquidity buffers while minimising idle cash
• Prepare daily/periodic Cash, Liquidity, Settlement, Custody and Reconciliation MIS for Senior Management/Fund Managers.
• Monitor margin and collateral requirements and ensure timely funding/release.
• Establish SOPs, maker-checker controls and exception monitoring for custody and treasury operations.
• Monitor applicable SEBI/AMFI, exchange, clearing and depository requirements and implement necessary process changes.

KEY SKILLS

• Custody, Clearing & Settlement: Strong understanding of end-to-end trade lifecycle, settlement processes, pay-in/pay-out, failed trades and settlement exceptions.
• Treasury & Liquidity Management: Expertise in scheme-wise cash management, liquidity planning, cash-flow forecasting, funding requirements and optimisation of idle cash.
• Capital Markets Operations: Good knowledge of Equity, Debt, Money Market, Derivatives and other permitted investment products.
• Reconciliation: Strong experience in securities, cash, bank, custodian, broker, clearing corporation and fund accounting reconciliations.
• Margin & Collateral Management: Understanding of margin funding, collateral movement, utilisation, release and reconciliation.
• Corporate Actions: Knowledge of processing, monitoring and reconciliation of dividends, interest, redemptions, bonus, splits and other corporate actions.
• Management MIS & Reporting: Ability to prepare and analyse daily/periodic Treasury, Cash, Liquidity, Settlement, Custody and Reconciliation MIS and provide actionable insights to Senior Management and Fund Managers.
• Data Analysis & Excel: Strong MS Excel skills including data analysis, MIS preparation, reconciliations, dashboards and exception reporting.
• Operational Controls & Risk Management: Strong understanding of SOPs, maker-checker controls, exception management, process controls and operational risk mitigation.
• Regulatory Knowledge: Good understanding of applicable SEBI, AMFI, RBI, Exchange, Clearing Corporation and Depository regulations and operational requirements.
• Stakeholder Management: Effective coordination with Custodians, Banks, Brokers, Clearing Corporations, RTA, Fund Accountants, Fund Managers and Internal Teams.
• Process Improvement & Automation: Ability to identify operational gaps and implement process improvements, automation and control enhancements.
• Problem Solving: Strong analytical and problem-solving skills with the ability to manage time-sensitive settlement, liquidity and operational issues.
• Communication & Team Management: Strong written and verbal communication, coordination and team-management skills with the ability to work effectively under strict market timelines.

QUALIFICATION

CA / CFA / MBA Finance / M.Com / Graduate in Commerce or Finance. Relevant Capital Markets / Treasury / Operations qualification preferred.

EXPERIENCE

58 years of relevant experience in Mutual Fund AMC preferred.