About the Opportunity

Job Description

Title: Associate - Distributions

Department: BANKING, PAYMENTS, and DISTRIBUTIONS

Location: Bangalore

Reports To: Assistant manager

We're proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this By working together - and supporting each other - all over the world. So, join our team and feel like you're part of something bigger.

Banking Payments and Distributions (DISTRIBUTIONS) 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, DISTRIBUTIONS 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 DISTRIBUTIONS team will be responsible for supporting the growth of the DISTRIBUTIONS 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. They will ensure smooth functioning of the teams in scope and prepare them for present and future initiatives.

This role 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 includes activities like keying and scanning.

. Sound understanding of Fidelity Products & Services including UK / Europe business areas 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 keying for reconciliation purposes.

. To investigate & follow up on outstanding items with other departments within DISTRIBUTIONS (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 monthly

• 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 on 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.

Feel rewarded

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. It's all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.