Provide Settlement related inputs and recommendations to support the development of divisional strategy.
Assist AVP/VP in day-to-day operations.
Lead the development, implementation, and monitoring of Settlement processes pertaining to payments, settlements, collections, transfers, and follow-ups based on contracted schedules.
Maintain the highest standards of professional conduct, ethics, and integrity in the provision of the services in the division.
Develop procedures and controls within the department, ensuring that all management reporting transactions are in compliance with the set policies and procedures.
Analyze and manage to process transactions related to company and portfolio clients on a timely basis.
Verify daily cash balances for the portfolio client available for trading.
Ensure investment dealings are carried out on behalf of clients and are processed accurately on a timely basis.
Prepare and issue instructions to the custodians brokers for the settlements of transactions in Bond, Stocks, and Options.
Ensure the incoming/outgoing payments are in accordance with credit guidelines.
Review statements of banks, custodians, brokers, and stock exchange related to the company as well as the portfolio clients.
Reconcile the Cash as well as safe custody accounts.
Ensure that dividend payments, redemptions, etc. are received and distributed to clients accurately & on a timely basis.
Process the Management fees I deductions on portfolio accounts on monthly basis.
Reconcile the position client-wise, custody-wise, and currency-wise regularly.
Provide relevant information to concerned departments/divisions for their analysis of performance and for the preparation of reports on funds management.
Provide quick responsive service to requests and queries from the department/divisions or from banks and clients.
Maintain all records and safekeeping of company's and client's documents.
Ensure implementation of Anti-Money laundering policies and procedures.
Supervise direct repartees and guide them in managing their performance by providing appropriate feedback.
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