Banking operations

Designation: Banking Operations

Role Summary

The Banking Operations Analyst is responsible for managing and processing bank-related transactions for client investment portfolios under POA (Power of Attorney) accounts and. The role involves validating investment income receipts, processing settlements in Wealth Spectrum (WS), reconciling bank transactions, ensuring accurate accounting of TDS, and coordinating with internal product teams for transaction-related updates across Mutual Funds, PMS, AIF, and other investment products.

Key Responsibilities

Transaction Processing & Settlement

• Process and settle dividend transactions in Wealth Spectrum (WS) after validating accruals and confirming receipt of funds in designated POA bank accounts.
• Process interest income settlements in WS based on interest accrual reports and bank credits after accounting for applicable TDS deductions.
• Execute income distribution settlements for REITs and INVITs in Wealth Spectrum.
• Ensure timely and accurate posting of all investment-related income transactions in client portfolios.

Bank Transaction Management

• Monitor live POA bank transactions through HDFC Bank API integration.
• Review and validate incoming and outgoing transactions against supporting documentation and accrual records.
• Investigate and resolve unmatched or exceptional transactions.

Bank Reconciliation

• Perform daily bank reconciliation of all POA bank accounts.
• Identify, investigate, and resolve reconciliation breaks within agreed timelines.
• Maintain reconciliation reports and exception trackers.

Stakeholder Coordination

• Coordinate with Mutual Fund, PMS, AIF, and other investment operations teams regarding relevant client transactions.
• Communicate transaction updates, fund receipts, and exceptions to concerned stakeholders.
• Work closely with custodians, banks, and internal teams to ensure smooth transaction processing.

Controls & Process Management

• Ensure adherence to operational controls, regulatory guidelines, and internal SOPs.
• Maintain transaction logs, MIS reports, and operational documentation.
• Support process improvement initiatives and automation opportunities within banking and settlement operations.

Required Qualifications

• Bachelors degree in Commerce, Finance, Accounting, Business Administration, or related field.
• Relevant experience in Wealth Management Operations, Banking Operations, Investment Operations, or Financial Services.
• Knowledge of investment products such as Equities, Mutual Funds, PMS, AIFs, REITs, Bonds, and Fixed Income instruments.
• Understanding of TDS accounting, bank reconciliation, and investment income processing.
• Experience working with Wealth Spectrum or similar portfolio/accounting platforms is preferred.

Key Skills

• Investment Operations & Settlements
• Bank Reconciliation
• Wealth Spectrum (WS)
• Fund Accounting
• TDS Accounting
• Banking Operations
• Data Validation & Reconciliation
• Timeliness of dividend, interest, and income distribution processing.