Manager Operations - Fund Accounting

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Manager Operations - Fund Accounting.

In this role, you will:

• The traditional Accounting and Valuation team has daily, monthly and weekly Net Asset Value valuations with stringent timelines. The team is responsible for performing capital activity bookings, accruals, amortization, yields leading to final generation and validation of Net Asset Value through diagnostic checks and post Net Asset Value activities. The team also performs other Monthly & Reporting activities which includes Fee Reviews. XD Distribution, Trustee Packs and Queries, Regulatory & Client Reporting. The Accounting and Valuation team is responsible functionally across multiple jurisdictions (where applicable) serviced out of Markets Securities Services Bangalore.
• Identify and reduce manual processes for enhanced operational control. Support and implement technology upgradation. Lead User Acceptance Testing for the business (as and when required). Lead Projects for both business partners and Markets Securities Services Bangalore (based on business objectives, targets and requirement).
• To acquire a broad understanding of the Traditional Net Asset Value processes and to keep abreast with the latest developments in the assigned markets on the rules and regulations by the regulators, stock exchange etc. that may have implication to the daily Net Asset Value processes.
• Devise and analyse MI requirements/processes to ensure the tracking mechanism is reflective of the current business activities and its ability to measure the team’s performance across different market with different level of experience. Ensure that business data requirements are completed accurately and supporting statistics/reports/returns are presented to business/management within agreed timescales.

• To plan for standardization of processes by sharing the best practices across the various markets with the aim to enhance cost effectiveness. Review Contingency requirements on a periodic basis and invoke relevant business recovery measures as necessary. Carry out effective Operational Risk Assessment by monitoring and implementing risk mitigating plans.
• Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators. Additional review of Job-Aid Matrix, SOPs, process notes, checklists and other internal process related documents periodically
• To be aware of the Operational Risk scenario associated with the role, and to ensure that all actions during your employment with HSBC take account of the likelihood of operational risk occurring. Ensure escalation process is in place and is effective
• Ensure Gross Asset Value / Net Asset Value operating procedure is followed with management of risks (if any). Continually assess the risks inherent in department processes and procedures. Ensure governance on all daily/weekly tracker updated by team.  Update all management MI by the stipulated deadlines.

To be successful, you will:

• Bachelor’s degree in accounting or qualifications to accounting/finance industry.
• 3-5 years of relevant Funds administration experience.
• Complete understanding of Trade Life Cycle.
• Excellent knowledge of Capital Markets and Financial instruments. Excellent knowledge in accounting principles and fundamentals of accounting. Excellent knowledge in Net Asset Value Calculation process with clear understanding of end-to-end Fund Accounting Model.
• Ability to update, manage and analyse MI related activities. Efficient Time Management and ability to multitask work and priorities to meet defined deadlines. Effective communication skills. Proactive in implementing and driving solutions. Ability to build excellent rapport and working relationship with other departments and jurisdiction thus ensuring smooth operations.
• Should have demonstrated behaviour in line with HSBC values throughout. Understanding of Gross Asset Value and Net Asset Value Activities. Previous experience in performing & reviewing funds in Accounting and Valuation or IFS working areas.

• Strong working knowledge on Microsoft Office. Ability to learn quickly, transfers knowledge appropriately, understand and interpret numeric data. Evidence of good analytical, statistical and data mining skills to study trends and make projections. Production management skills and ability to initiate process improvements.    
• Strong leadership skills evidenced by achievement of objectives together with a track record of development of individuals with strong organization and planning skills along with the ability to handle capacity and MI reporting. Initiate cost control measures by achieving resource efficiency and managing overheads

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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