What is this position about?  

The Fund Dealing Services (FDS) team sits within the broader custody operations team and supports the end-of-end trade lifecycle for our clients that invest in managed funds (unlisted unit trusts), including account opening, trade management, reconciliations and pricing.

 This role presents a fantastic opportunity to learn about the operational activities supporting the domestic and international managed funds market as well as the important role of a large global custodian within the financial services industry.  

The successful candidate will have an enquiring mind, a desire to learn why things are done (rather than just how to do them), an awareness of risk and control frameworks, an ability to work collaboratively and a positive team-orientated mindset.

Key responsibilities

 The FDS team is focused on 3 key deliverables for a large client base. Key tasks performed by the team are listed below. This FDS Analyst role would initially be required to primarily support the trade management and month-end reporting tasks, with the opportunity to expand into the pricing tasks. 

 Trade Management 

   Processing of application and redemption instructions for clients investing in managed funds  

   Generation of payment instructions before daily cut-offs 

   Timely translation of trade data into the accounting system 

   Settlement of trades in accounting system 

   Reconciling cash balances of statement to ledger 

   Reconciling unit differences between external registry to ledger 

   Processing in accounting system of periodic transactions (management fees/rebates) 

   Responding to client and Fund Accounting queries 

 Month End Reporting 

   Month-end unit reconciliation for all clients' managed fund holdings 

   Communication with registries to confirm unit holding balances 

   Data entry of data compiled in reconciliation template 

   Generation of reporting and statistical data for internal and external clients 

 Pricing 

        Monitoring daily market price delivery from Vendor, validate price movement based on FDS benchmarks 

        Manual price update in unit pricing and indexation system (UPI) 

        Monitoring periodic EX prices delivery from Vendor, validate and process EX prices, DIV and DRP in a timely manner 

        Pricing exemption procedures process 

        Pricing static data set up and maintenance 

        Responding to internal and external stakeholders' query 

 What is required for you to succeed?  

   >1 year related experience in the financial services industry, particularly within a large custodian environment 

   Willingness to ask questions and learn processes and tasks, with a desire to progress and develop their own technical knowledge and skills 

   Strong work ethic and the ability to work closely and effectively as part of a team, including meeting daily deadlines and identifying and managing risk  

Personal accountability, producing complete and accurate work

   High level understanding of managed funds and/or unit pricing 

 Desired knowledge, skill, experience 

   Degree qualified in Business, Finance, Accounting or related discipline or relevant work experience in a similar role preferable.