Associate Distributions

Job Description

About the opportunityDepartment DescriptionProduct Ops & Control (PO&C) 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, PO&C includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Business Operations.The successful candidate, as a member of the PO&C team will be responsible for supporting the growth of the PO&C activities based in the India Service Centre. This role is responsible for ensuring that appropriate client money regulations and controls on client money are adhered to and best practice standards are maintained across all activities within the sphere of control, particularly in the protection of customer assets and client monies. Responsibilities include ensuring processes and systems are laid down and implemented. The candidate will provide focus and leadership to the teams in attaining their objectives. He / She will ensure smooth functioning of the teams in scope and prepare them for present and future initiatives.Purpose of your roleDistributions is responsible for the daily processing of distribution payments & reinvestment deals, and other associated tasks in Offshore, Onshore, UKFNW and Investment Trusts across two systems, GFAS & Sonata. The daily work is primarily determined by the calendar which details the main tasks to be done and the processes include client corrections and investigations regarding their individual payments. Unit reconciliations are done with respect to the GFAS holdings and units at the Third Party Provider / Fund Accounting at a Fund level as well as between internal systems. Work and volumes therefore vary daily, but the department is particularly busy during & following the month-end. The job also entails ensuring adherence to compliance requirements with respect to money movements and customer assets in day to day operations. Apart from the core function of processing dividends the function also involves reconciliations of ledgers such as the return payments ledger and also includes activities like keying and scanning.Key Responsibilities

• Sound understanding of Fidelity Products & Services including UK / Europe business area s for which he/she is responsible for providing services to client.
• Awareness of current FCA CASS including awareness of TCF and seven customer principles.

• To be able to perform timely dividend processing for onshore, offshore and FNW product groups.
• To update and maintain the ledgers, including recoding reasons for outstanding items over a set period.
• To create correcting journals / cashbook keyings for reconciliation purposes.
• To investigate & follow up on outstanding items with other departments within PO&C (Cashmatch, CBU, Controls & Settlements, etc) as well as other departments in UK, Luxembourg, Germany, Hong Kong, etc.
• Money movements across Client and Settlement Bank Accounts to address any shortfalls/surpluses and avoid potential breaches.
• To gain regulatory knowledge and ensure knowledge is regularly updated and maintained.
• To suggest process improvements and drive them in collaboration with the supervisor and other team members.
• To produce processing and / or error reports on a monthly basis.

Experience and Qualifications Required

• B.Com or an equivalent bachelor s degree from a recognised university. Multi-departmental exposure will be an added advantage.
• Strong analytical skills with attention to detail.
• To be able to prioritise and organise effectively to ensure deadlines are met.
• Demonstrates a high level of commitment to improving customer service / processes internally.
• Excellent communication skills.
• 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.
• Ability to remain highly motivated and focused towards the key measurements.
• Team player who is also self-motivated and can work independently.
• Adaptable to changing business needs a team player with a flexible approach and the ability to multi-task.
• Energetic & enthusiastic and a supportive and proactive team player.
• A good understanding of the FCA Client Money regulations will be an added advantage.
• Energetic & enthusiastic and a supportive and proactive team player.

About youAbout Fidelity InternationalFidelity International offers investment solutions and services and retirement expertise to more than 2.56 million customers globally. As a privately-held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations and with $783.6 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.We are committed to being a truly flexible employer, encouraging and trusting our people to perform their role in the way that works best for them, our business, our colleagues and our clients. We offer the maximum possible flexibility over where and when you work for all, considering your role and any local regulations. We call this new approach dynamic working.Find out more about what we do, our history, our new approach of dynamic working and how you could be a part of our future at https://careers.fidelityinternational.com/about-usApplying to this Job Role: Please note you are only required to upload your CV/Resume to the application screen.,

Keyskills :
investment trustscash bookflexible approachcustomer serviceasset managementfund accountinganalytical skillsclient moneycentral bankscomputer skills