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For Companies At a Glance
- Tasks: Join our team to manage financial transactions and ensure compliance with regulations.
- Company: Fidelity has been shaping financial futures for over 50 years, fostering an inclusive culture.
- Benefits: Enjoy flexible working options, a comprehensive benefits package, and support for your development.
- Why this job: Be part of a dynamic team that values collaboration and customer service in the finance sector.
- Qualifications: A Bachelor's degree and 1-3 years of finance experience are preferred; strong communication skills are essential.
- Other info: This role offers opportunities for growth and involvement in impactful projects.
The predicted salary is between 28800 - 43200 £ per year.
Controls & Settlements – Operations Associate page is loaded
Controls & Settlements – Operations Associate
Apply locations Kingswood Fields Office time type Full time posted on Posted 3 Days Ago time left to apply End Date: September 5, 2025 (10 days left to apply) job requisition id J60286
About the Opportunity
Job Type: PermanentApplication Deadline: 05 September 2025
Title Controls & Settlements – Operations Associate
Department Banking , Payments and Distributions
Location Kingswood
Reports To Savin Sharma
Level Grade 1
We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together – and supporting each other – all over the world. So, join our [insert name of team/ business area] team and feel like you’re part of something bigger.
Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.
As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.
About your team
Banking , Payments and Distribution is responsible for the receipt and payment of monies to / from investors / intermediaries and the reconciliation of cash and stock positions for Fidelity’s European based funds and Funds Network fund supermarket business. In addition, Banking Settlements & Distribution includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Business Operations.
The successful candidate, as a member of the Control & Settlement team will be responsible for supporting the growth of the Banking & Settlements activities. This role is responsible for ensuring that appropriate client money regulations and controls on customer assets are adhered to and best practice standards are maintained across all activities.
About your role
The Control & Settlement team is a part of the Banking, Payments and Distribution capability. The capability has a wide variety of different tasks which it undertakes, these include, being responsible for the investigation, settlement, and reconciliation of all non-standard onshore tax wrapped deals on a daily basis. Money movements between bank accounts, monitoring & Investigation of the cashbook & Ledgers, ISA/SIPP, CFP Keying, SIPP & BOND processing and Profit & Loss reporting. Items are received from other areas in the form of paper, e-mail and Xtrac work items. A level of communication with other business areas is necessary to ensure the prompt resolution of any queries.
This role of Associate is to support the Control & Settlement team and ensure that appropriate client money regulations on customer assets are adhered to. He / She will work in close tandem with UK stakeholders and counterparts to ensure smooth functioning of the processes in the India Service Centre. The successful candidate will possess strong technical ability and excellent interpersonal skills in order to ensure a smooth, efficient operation. The role will involve driving Fidelity’s customer driven service within the department, allowing Fidelity to retain business and attract new assets to the Company. The successful candidate will also support the Team Manager of the function in managing key deliverables of the department.
- Responsible for the daily investigation, reconciliation and settlement of all Onshore Special Dealing for GIA using information received from Deal Corrections and system generated reports.
- Be responsible for the ongoing investigation and clearance of outstanding items on ledgers to ensure that all items are cleared promptly
- Perform ledger reconciliation via passing entries via defined portals
- Monitor and action items received via work hub queue on a daily basis.
- Processing of SIPP & Bond Payments to Standard Life. Investigation of exceptions & money movements between bank accounts.
- Monthly Profit & Loss reporting to Senior Management detailing operation P&L passed.
- Monitoring and recording of Deal Correction transaction from Sonata system on daily basis
- Investigation of exceptional dealing breaks in automated journey (On Sonata) and taking further action to resolve the same.
Other responsibilities include: –
- To gain regulatory knowledge and ensure knowledge is maintained.
- To gain knowledge of the products & procedures within Fidelity and also within the Financial Market, and ensure knowledge is maintained and updated regularly.
- To gain subject matter expertise in C&S and represent the team in projects impacting C&S.
- To suggest process improvements and drive them in collaboration with the team lead and other team members.
About you
- Effective communications with strong analytical skills with attention to detail.
- Bachelor’s degree from a recognised university. 1-3 year previous experience in finance or related areas is desirable.
- To be able to prioritise and organise effectively to ensure deadlines are met.
- Demonstrates a high level of commitment to improving customer service / processes internally.
- Excellent communication skills.
- Good computer skills with knowledge of MS Word, Excel and Power Point.
- Ability to remain highly motivated and focused towards the key measurements.
- Team player who is also self-motivated and can work independently.
- Adaptable to changing business needs – a team player with a flexible approach.
- Energetic & enthusiastic and a supportive and proactive team player.
- Basic understanding of the FCA Client Money regulations will be an added advantage.
(Outro)
Feel rewarded
For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
We are an international financial services organisation, we are in-scope of international regulations in the way that we carry out our work. This position is involved in work that is regulated by the FCA and/or the PRA and their Individual Conduct Rules (COCON) apply to it, along with any other regulation. We provide training on COCON and how it affects our employees. More information about COCON can be found in the Employment Handbook.
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Controls & Settlements - Operations Associate employer: Fidelity International
Contact Detail:
Fidelity International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Controls & Settlements - Operations Associate
✨Tip Number 1
Familiarise yourself with the FCA Client Money regulations, as having a basic understanding will give you an edge. This knowledge can help you demonstrate your commitment to compliance during discussions with the hiring team.
✨Tip Number 2
Network with current employees in the Banking, Payments and Distribution department. Engaging with them on platforms like LinkedIn can provide insights into the team culture and expectations, which can be invaluable during interviews.
✨Tip Number 3
Prepare to discuss your analytical skills and attention to detail. Think of specific examples from your past experiences where you successfully resolved issues or improved processes, as these will resonate well with the role's requirements.
✨Tip Number 4
Showcase your enthusiasm for customer service. Be ready to explain how you've gone above and beyond in previous roles to enhance customer satisfaction, as this aligns with the company's focus on client-driven service.
We think you need these skills to ace Controls & Settlements - Operations Associate
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Controls & Settlements - Operations Associate position. Understand the key responsibilities and required skills, such as knowledge of client money regulations and strong analytical abilities.
Tailor Your CV: Customise your CV to highlight relevant experience in finance or related areas. Emphasise any previous roles that involved investigation, reconciliation, or settlement processes, as well as your ability to work with financial regulations.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that demonstrate your analytical skills and attention to detail, and explain how you can contribute to the Control & Settlement team.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Fidelity International
✨Understand the Role
Make sure you have a clear understanding of the Controls & Settlements - Operations Associate role. Familiarise yourself with the key responsibilities, such as daily investigations, reconciliations, and settlements. This will help you answer questions confidently and demonstrate your genuine interest in the position.
✨Showcase Your Analytical Skills
Since the role requires strong analytical skills and attention to detail, prepare examples from your past experiences where you've successfully used these skills. Be ready to discuss how you approach problem-solving and ensure accuracy in your work.
✨Familiarise Yourself with Regulations
Having a basic understanding of FCA Client Money regulations will be beneficial. Research these regulations and be prepared to discuss how they relate to the role. This shows that you are proactive and serious about compliance in financial operations.
✨Demonstrate Teamwork and Independence
The job requires both teamwork and the ability to work independently. Prepare to share examples of how you've successfully collaborated with others while also being self-motivated. Highlight your adaptability to changing business needs, which is crucial for this role.