Processing Advisory - Fund Accounting

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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 Process Advisory – Fund Accounting.

In this role, you will:

• The traditional Accounting & 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, post Net Asset Value activities. The team also performs other Monthly & Reporting activities which includes Fee Reviews. Ex Dividend Distribution, Trustee Packs and Queries, Regulatory & Client Reporting. The Accounting & Valuation team is responsible functionally across multiple jurisdictions (where applicable) serviced out of Markets Securities Services.
• The jobholder is responsible for participating in the deployment of defined business solutions and removing manual processes to ensure efficiency and compliance with the business mandates. Drive the identification and reduction of manual processes for enhanced operational control. Further, ensure provision support and implementation of technology upgradation. Lead and oversee User Acceptance Testing for the business (as and when required) initiatives.

• The role includes the primary responsibility of preparing Net Asset Value packs and performing checker activities. Ensure that problem situations are proactively identified and resolved to give maximum customer satisfaction and escalated wherever necessary. Further, the jobholder is also responsible for undertaking appropriate measures to improve quality and prevent recurrence.
• Establish and maintain effective relationship with customer business areas and identify areas of service improvements. Act as the primary escalation point in resolving issues with the Business Partner on a timely & ongoing basis. Ensure packs are delivered with quality and efficiency within the deadlines set.  Additionally, responsible for focusing on priority clients and strategic approach on valuations which should be made keeping the priority clients in mind.

• Responsible to ensure that procedural changes/new initiatives are reviewed, agreed with the business areas, and are fully communicated to staff and implemented. Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
• 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. Timely and accurate publishing of Management informationReports.
• 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. Additional review of Job-Aid Matrix, Standard Operating Procedures, process notes, checklists and other internal process related documents periodically.
• Perform any additional responsibilities that may be required by the manager in support of specific projects, on-going management and development of the process. Perform the fund’s activities correctly as per the Standard operating procedure. Ensure completion of all mandatory training on time.

To be successful, you will:

• Bachelor’s degree in commerce or qualifications to accounting/finance industry or relevant experience.
• Excellent knowledge in accounting principles and fundamentals of accounting. Decent knowledge in Accounting & Valuation process with clear understanding of the End to end Fund Accounting Model. Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds, Corporate Actions, Financial Instruments and reconciliations.
• 2-5 years of relevant Funds administration experience. Efficient Time Management and ability to multitask work and priorities to meet defined deadlines. Proactive in implementing and driving solutions. Ability to build excellent rapport and working relationships with other departments and jurisdiction thus ensuring   smooth operations.
• Should have demonstrated behavior in line with HSBC values throughout. Strong working knowledge on Microsoft Office. 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.
• Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any). Additional qualifications related to financial industry will be given preference
• Knowledge of Derivatives Instruments. 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.
• Working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications used across industry Life cycle of Net Asset Value process.

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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