Manager - Middle Office Operations - Mutual Fund

Role Overview:

Own the middle-office layer between the investment desk and operations - security master integrity, investment universe administration, credit and corporate action surveillance, investment restriction monitoring, and stewardship obligations - ensuring the desk operates within SEBI (Mutual Funds) Regulations, AMFI guidelines and internal policy at all times.

Role details:

• Location - Mumbai

• Reporting to - Head of Operations

What you will do day to day:

• Investment Universe & Security Master: Own creation and review of debt and equity security masters - ISIN static data, coupon and cash-flow structures, call/put and embedded option schedules, issuer and group mapping.

• Administer the approved investment universe in f; ensure additions and deletions flow only from approved Investment Committee / Credit Committee decisions, with audit trail.

• Periodic reconciliation of master data against source documents, exchange, depository and rating agency feeds.

• Investment Restriction & Limit Monitoring: Monitor pre- and post-trade compliance with the Seventh Schedule and SID-level limits - single issuer, group, sector and sub-sector caps, unrated and unlisted exposure, AT1/AT2 caps, derivative gross exposure.

• Track PRC (Potential Risk Class) matrix positioning for debt schemes and flag any drift.

• Maintain a passive breach register with cure timelines; escalate active breaches immediately to Operations, Risk and Compliance.

• Credit & Corporate Action Surveillance: Daily tracking of rating actions across CRAs; maintain a rating movement log with downgrade, watch and outlook escalation to the investment team and Risk.

• Review corporate actions and assess scheme-level impact; coordinate capture with the investment team, custodian, RTA and fund accounting.

• Stewardship & Proxy Voting: Daily monitoring of investee company resolutions; coordinate with the proxy advisory vendor.

• Ensure votes are cast in line with the Voting Policy, quarterly and annual voting disclosures are published within prescribed timelines, and the annual scrutiniser certification is obtained.

• Research Repository & Documentation: Ensure current research reports and credit notes are available for all securities in the universe and in portfolios; maintain a complete, retrievable repository supporting investment rationale.

• Maintain investment rationale documentation for each transaction as required under SEBI norms.

• Broker & Counterparty Management: Empanelment and annual review of brokers and counterparties, with documented due diligence.

• Monitor broker concentration against the 5% aggregate purchases-and-sales norm and brokerage caps; escalate exceptions for Board/Trustee reporting.

• Reporting & Support: Prepare investment MIS for management, Investment Committee, Risk Management Committee and Trustees.

• Support internal, statutory, concurrent, SEBI and trustee audits with data and documentation.

• Any other activity related to investment support.

Who are we looking for:Education, Experience & Background:

• Years of experience - 3 Year +

• Mandatory Qualification requirement - B.com, NISM VA, NISM XXI certified.

• Working knowledge of equity and debt markets, financial products and valuation conventions.

• Working knowledge of SEBI (Mutual Funds) Regulations, AMFI best practice guidelines and circulars.

• Hands-on experience with Mpower or equivalent front/middle office systems; strong Excel.

• Strong team collaboration skills with a focus on driving collective outcomes.

• Excellent interpersonal and communication skills.

Why should you join us:

• Strong Leadership Vision - Work with a leadership team committed to innovation, transparency, and long-term investor value.

• High Growth Impactful Environment - Work with high performing teams in a fast-growing organization to create meaning impact.

• Competitive Rewards & Benefits - Attractive compensation, performance-linked incentives, and recognition for merit along with best-in-class benefits.