Fund Administrator

Job Title: Fund Administrator

FTC: 1 year

The role holder will prepare reconciliation packs for a variety of clients/funds (traditional & alternate funds) across different geographical locations and perform the fund’s activities correctly as per the SOP. The role holder will adhere to defined process KPIs and PLAs and will be accountable for all the reconciliation related activities falling with the scope of Markets & Securities Services Reconciliation team. The role holder will support department initiatives, regulatory, compliance and reduce risk

In this role, you will:

• Provide critical inputs and facilitate rollout of new products/ activities within Reconciliations
• Responsible to drive efficiencies through automation / efficiencies in the process
• Provide critical inputs and facilitate in deployment of defined business solutions to remove manual processes.
• Participation actively and support of migration / re-migration of funds.
• Support department initiatives, regulatory, compliance and reduce risk.
• Formulate and implement robust control mechanism to eliminate risk (if any).

Leadership & Teamwork 

• Role comprises of 80% technical aspects which include independently reviewing and implementing process related controls and 20% comprises of activities such as training, coaching and mentoring the team.
• Responsible for process control activities and checking/reviewing of funds to ensure that Reconciliations delivered is accurate.
• Ensure continuous process related updates and training are imparted to the fund administrators on an ongoing basis.
• Accountable to share process related best practice within the team.
• Act as a coach and mentor for new joinee’s and all the team members.
• Undertake/conduct trainings for all staffs including existing and new staff.
• Ensure process related issues are raised at appropriate level and mitigated wherever possible at the earliest.
• Contribute towards building an enthusiastic and motivated team.
• Demonstrate Group Values and principles.

To be successful you will:

• Bachelor’s degree in commerce or qualifications to accounting/finance industry or relevant experience.
• 0-2 years of relevant/accounting work experience.
• Good knowledge of Capital Markets and Financial instruments.
• Basic knowledge of end-to-end product and process, multiple market and regulations.
• Good knowledge in accounting principles, fundamentals of accounting.
• Proficiency in EXCEL essential.
• Ability to Speak and understand English.
• Ability to re-prioritize workloads due to changing circumstances; meet strict deadlines.
• Excellent knowledge in reconciliations process with clear understanding of the E2E Fund Accounting Model.
• Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any).
• CA/ ICWA/ CS / PGDBM/MBA in Finance or CFA (D)
• Will be expected to maintain HSBC internal control standards, including the timely implementation of internal and external audit points, together with any issues raised by external regulators.

Others

• Knowledge of Derivatives Instruments.
• Expert in Accounting Knowledge.
• Earlier experience in custody / brokerage / funds services / depository industry.
• Detailed understanding of end-to-end product and process, multiple market and regulations pertaining to the fund services industry.
• Excellent customer service and communication skills.
• Working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications used across industry.
• Life cycle of NAV process.
• Additional qualifications related to financial industry will be given preference.
• Responsible for the implementation of Group Compliance Policy as is applicable to this role.
• Must be aware of the Operational Risk scenario associated with this role and to ensure that all actions performed consider the likelihood of operational risk occurring

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You’ll achieve more at HSBC 

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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