Senior Associate

November 24, 2023

Senior Associate


  • Standard / Permanent
  • IN-MH-Mumbai
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Job Description

Job Title:

Senior Associate






Business Line / Function:


Reports to:



(if applicable)


Assistant Manager

Number of Direct Reports:


Directorship / Registration:

Position Purpose

 The individual would be responsible for processing and delivery of accurate and timely Reconciliation, Client Queries and handling Trade Life Cycle.


Direct Responsibilities

        Independent delivery of accurate and timely Reconciliation for hedge funds – with high volume or / and complexity (having  equities, bonds, future, options, etc. as holdings) by completing all of the following processes:

–        Cash and position reconciliation (Investment Manager accounting vs PB); with resolution of breaks

–        Pricing Variance analysis

–        Corporate Action – Upcoming Events

–        Non trade bookings

–        security setup

–        NAV & PNL Reconciliation

–        Handling of client issues

–        Responding mails in understandable manner

–        Delivery on audit requests and resolution of all queries on the same, Trade Matching and Settlements

Contributing Responsibilities

–        Ensure middle office deliveries of portfolio event processing, price variance checks, reconciliations (cash, position), Trade Matching and Settlements are produced accurately and in a timely manner.

–        Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.

–        Ensure high level of communication network is established will all the departments within the Business group.

–        Ensure all the documentation is in place w.r.t Risk mitigation and Control.

–        Prioritize the work and conduct investigation with due diligence on all the discrepancies.

–        Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.

–        Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.

–        Preparation of Key/Standard Operating Procedures for each process migrated to Chennai Hub.

Technical & Behavioral Competencies

·       Should be good in accounting concepts and exposure to Middle office Operations

·       Experience in working on Order Management tool or Middle office Tool is preferred.

·       Knowledge on capital markets

·       Decent understanding on financial instrument like equities, bonds, futures, options, Swaps , MBS and ABS.

·       Candidates to research on hedge funds industry and demonstrate how much they understand of it. Ability to showcase understanding of fund administration business would be an added advantage.

·       Should know the Life Cycle of Trades and Settlements.

·       Should demonstrate the hunger to learn and grow. Should be a go-getter i.e. proactive, driven and demonstrate ability to stretch for the learning / growth.

·       Should come across as someone smart, who has ability to think through issues and figure out solutions. 

Specific Qualifications (if required)

The candidate should have a minimum qualification in Graduate/Post Graduate in Finance or equivalent and minimum 3-5 years of experience in the financial services/capital markets. An additional certification in capital markets would be appreciated.


Skills Referential                                                            

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Ability to deliver / Results driven

Client focused

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to inspire others & generate people’s commitment

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)

 The individual should be a proactive, active team player for any client requests and flexible to process changes as per business requirements.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years

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