Siddharth Malhotra

Chief Risk Officer (from October 2024 )

• Developing and implementing an enterprise-wide risk management framework.
• Implementing a comprehensive risk dashboard framework covering investment risk and operational risk for timely monitoring and mitigation.
• Daily monitoring of actual vs model portfolios, addressing deviations and ensuring compliance with the fund’s rule-based investment strategy..
• Reviewing VWAP execution, algo usage, and market participation to minimize impact and improve liquidity management.
• Collaborating with the Board and Investment & Risk Committees on risk-related policies and governance.

Head of Investment Operations (January 2021 - September 2024)

• Led the operations setup in a newly launched AMC, establishing best practices, investment workflows, and an operations manual, while aligning processes with NJ’s rule-based investment approach.
• Setup of NJ Asset Management’s presence in GIFT City, a first FME Retail product, managing regulatory approvals, onboarding service providers, and ensuring compliance with operational best practices.
• Automated investment operations by implementing Bloomberg AIM for trade execution, and Trillium Cash Management for automated cash flow.
  Implementation of dealing automation, leveraging EMSX, DMA and RBLD with Bloomberg AIM for seamless trade execution.
• Successfully implemented process enhancements to align with NJ’s rule-based investment approach, ensuring seamless execution and ongoing refinements to the investment management process.
• Strengthened investment operations governance, ensuring strict compliance with SEBI regulations.

• Led end-to-end operations and investor servicing for Mutual Fund and AIF Category II – Real Estate Fund, ensuring smooth execution across onboarding, transaction processing, reporting, and compliance.
• Collaborated with custodians, fund accountants, and banks to streamline operations and optimize liquidity management, enhancing intraday and overnight credit limits to ensure timely payouts to investors.
• Drove digital transformation initiatives, including the development of a Liquid Fund-only app for seamless new investor onboarding and a SIP-focused app designed to help investors align investments with their financial goals.
• Redesigned the entire website and transaction platform, improving user experience and enabling SIP automation, investor servicing enhancements, and online KYC for seamless onboarding.
• Managed regulatory reporting and compliance frameworks, ensuring timely and accurate submissions to SEBI and statutory bodies.

Manager - Risk Management

• Developed and maintained an organization-wide risk register, assigning ratings to various risk types and collaborating with all departments to devise effective mitigation plans.
• Enforced prudential investment limits by creating a credit universe within the dealing system, aligning with Investment Committee guidelines to restrict lending to approved institutions for specified tenures and amounts.

Manager - Operations

• Established the investment operations desk, overseeing system setup, treasury operations, fund accounting, reconciliations, and financial statement preparations.
• Prepared and distributed daily MIS reports detailing fund exposure, profit & loss, and asset allocation to the management team
• Managed comprehensive fund operations covering cash management, trade settlements, NAV calculation, and fund accounting, ensuring accurate and timely reconciliations on both the investor and investment sides.

Sr Executive - Fidelity Funds Management Private Ltd

• Managed comprehensive investment operations, including trade settlement, risk management, holdings/cash/FX reconciliations, treasury management, fund accounting, audit support, and security valuation, ensuring seamless daily operations.
• Generated and analyzed MIS reports detailing transaction volumes, counts, inflows, and outflows, and created portfolio reports, fund fact sheets, and regulatory filings to support informed decision-making and compliance.
• Valued non-traded and unlisted securities across equity and debt segments, performed NAV computations, and conducted periodic trial balance reviews to ensure accurate financial reporting.

Associate - Fidelity Business Services (India)

• Processed all financial and non-financial transactions for RTA operations, supporting Fidelity and other UK-based asset managers in maintaining accurate and up-to-date records.
• Managed and re-engineered the Monthly Savings Plan (MSP) process, improving efficiency and participant satisfaction through process enhancements.
• Contributed to the successful completion of the UK Special Situations Fund restructure and pioneered the industry's first Withdrawal Plan (WDP) project, demonstrating leadership in innovative fund management solutions.