Associate, Banking Risk

2 weeks ago


United Kingdom Fidelity International Full time

India Banking Reconciliations and Control
Level : 1
We’re proud to have been helping our clients build better financial futures for over 50 years. Banking, Reconciliations & Control (BRC) is responsible for the receipt and payment of monies to / from investors / intermediaries and the reconciliation of cash and stock positions for Fidelity’s European based funds and Funds Network fund supermarket business. In addition, BRC includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Business Operations. 
This role is responsible for ensuring that appropriate client money regulations and controls on customer assets are adhered to and best practice standards are maintained across all activities, particularly in the protection of customer assets and client monies.
This process involves daily allocation of payments received in the offshore/onshore bank accounts. It involves investigation of payments received, coordinating with other departments / Client Relationship Management teams for timely allocation of payments received, requesting deals, monitoring and recording outstanding items for report purpose. It also involves informing bank reconciliations team about money movements across various bank accounts. The process also entails ensuring adherence to compliance requirements with respect to money movements and customer assets in day to day operations.
net and support various products e.g. Settlement of cash receipts received in the all of the accounts as per defined SLAs.
To gain and apply knowledge of the products/services & procedures within Fidelity and in the Financial Market, and ensuring it to be maintained and updated regularly e.g. Investigate and follow up on the outstanding items with other departments within BRC ( Controls & Settlements, Clearstream & Euroclear Settlements, Bank Recs, Pricing Recs, CBU (UK), BOA, BOA Liaison etc.) To manage timely money movements between Client and Settlement Bank Accounts to address any shortfalls/surpluses and avoid potential breaches.
To be able to record data accurately that could be used for relevant MI, and ability to effectively understand MI that is published and its impact on their performance.
Ensuring productivity and quality targets are met as assigned.
To develop understanding of Risk and Breaches and how/where to escalate.
Awareness of customer feedback relating to your process in Complaints, NPS etc.
To gain regulatory knowledge and ensure knowledge is regularly updated and maintained.
To gain knowledge of the products & procedures within Fidelity and also within the Financial Market, and ensure knowledge is maintained and updated regularly.
To gain subject matter expertise and represent the team in projects like fund launch/merger impacting Cashmatch/CBU Payments IN.
To ensure client education as when client remits monies in incorrect bank account.
Com or an equivalent bachelor’s degree from a recognised university.
Good computer skills with knowledge of MS Word, Excel and Power Point. A flexible approach with an ability to work with other departments in the organisation. Adaptable to changing business needs – a team player with a flexible approach and the ability to multi-task.
For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us.



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