Expires 1 month from now
Operations Control Officer
full-time
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Job Summary
The officer will be responsible for ensuring accuracy, completeness and reliability of transactions reconciled from bank statements to mutual funds, institutional schemes, portfolios, and third-party clients on core applications. The officer will be responsible for review and second-level call-over of transactions consummated by the Operations team which includes but not limited to income and expense positing, trades, and cash transactions etc. across all portfolios, mutual funds, institutional schemes, and third-party clients on core applications.
Job Details
- Perform daily reconciliation of bank statements to identify outstanding transactions and ensure resolution of reconciling items between the bank statements and the core applications.
- Ensure that all transactions on behalf of clients are properly recorded and captured in the relevant core applications by carrying out daily reviews and call-over.
- Ensure that all adjusting items such as bank charges are booked timely in the fund/portfolio management application.
- Reconcile all cash transactions and investments in equities and fixed income instruments – such as money market and bond instruments for mutual funds, institutional schemes, portfolios, and third-party clients.
- Escalate exceptional or aged items to the Portfolio Managers, Retail Operations, Fund Administration, Fund Accounts and Treasury teams to ensure timely implementation of remedial actions to address identified exceptions. Escalate instances of persistent control issues to Supervisor.
- Create and update an issue log report periodically when there is any control gap relating to reconciliation and call over. Follow through with the resolution of the gaps and provide relevant documentation on the resolutions.
- Document and provide input for monthly reports to management on identified control gaps and key exceptions with needed process improvement opportunities.
Requirements
- Required Knowledge, Skills, and Abilities
- Good financial accounting and reporting skills
- Good knowledge of MS Excel and other MS Office Applications
- Strong analytical and problem-solving skills
- Investigative and risk assessment skills
- Team player
- Good communication skills (oral & written)
Demonstrate good knowledge of accounting principles, financial markets, and instruments. (Candidate should preferably be an Accounting or Finance graduate) A minimum of 2 years accounting related experience.
About Company
ARM Holding Company Limited
Asset & Resource Management Company Limited (ARM) was founded in 1994 as an asset management firm.We provide a broad range of unique wealth creation services by offering traditional asset management services as well as alternative investments through our private funds business. ARM currently manages total assets of circa N540 billion. Over the last twenty years, we have built a strong reputation both locally and internationally through in-depth, high-quality research, investment management expertise, and value-adding products and services. Our clients range from corporations to private and public institutions and include high net-worth investors and small savers.