MEX Fund Admin Specialist at Santander

Mexico City, Mexico City, Mexico

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset Management, BankingIndustries

Requirements

Located in Mexico
Full-time availability

Responsibilities

Validate that buy/sell operations of securities and subscription/redemption of own shares reported by investment funds are correctly and completely integrated into the system by monitoring the timely receipt of operation layouts, to ensure 100% information and avoid errors in NAV determination and calculation
Validate that expenses and payments reported by investment funds are correctly and completely integrated into the system by monitoring the timely receipt of expense and payment layouts, to ensure 100% information and avoid errors in NAV determination and calculation
Validate the correct integration and calculation of corporate rights and registration of issuers by monitoring their application and recording, to avoid errors in NAV determination and calculation
Execute NAV calculation processes, accounting, and generation of information for regulatory and customized reporting
Prepare peripheral validation files and notify the team manager in case of detecting any difference or discrepancy
Generate daily reconciliations of securities position and cash at day-end versus custodian and/or Indeval account statements, to avoid errors in NAV determination and calculation

Skills

NAV Calculation

Fund Administration

Securities Validation

Expense Processing

Corporate Rights

Daily Reconciliations

Custodian Statements

Indeval Reconciliation

Regulatory Reporting

Operational Monitoring

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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