Senior Fund Administrator - Reconciliations

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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 Senior Fund Administrator - Reconciliations.

In this role, you will:

• To prepare/review accurate Reconciliations packs of funds on timely basis with expected quality. Will be responsible to ensure quality control for several portfolios of funds for multiple locations. Complete user acceptance testing / deliver process Improvements / act as alternate for 1st line manager.    

• Ensure that support rollout of new products / activities is within Reconciliations’ scope. Drive efficiencies through automation / efficiencies in connectivity model. Engage and participate in the deployment of defined business solutions to remove manual processes.

• Ensure Active participation and support of migration / re-migration of funds. Ensure high level department initiatives, regulatory, compliance and reduce risk. Formulate and implement robust control mechanisms to eliminate risk (if any). Responsible for supporting Fund Services - Reconciliations, covering Europe / MENA / APAC for single or multiple clients.
• Primary independent responsibility of reviewing Reconciliations packs and performing maker activities as and when required. Responsible for raising the exceptions with appropriate teams to ensure the actions of the same before finalizing the pack. Be the primary contact for Business Partners in relation to any query related to Reconciliations.
• Participate and provide high level support to the Manager in delivery of Reconciliations packs and creating efficiency in the process. Independently develop and maintain mutually respectful & successful relationships with internal customers & business partners. Ensure active participation in monthly business as usual / Governance calls with various stakeholders.

• Ensure all service delivery is timely, accurate and in line with agreed standards, client commitments and expectations. Support in new launches/ migration of funds, new products or activities within the reconciliation. Responsible for Processing (prepare / review) allocated Reconciliations packs on annual basis per team’s average.
• Participate / facilitate in internal and external reviews of risks and processes. Identify and reduce manual processes for enhanced operational control. Support and implement technology upgradation. Provide high level support in audit process and recommendations on a timely manner. Ensure Mitigation of risk of errors and near misses in the valuation production process. Ensure that Audit, Non financial risk and Compliance reviews to be rated as ‘satisfactory’. Leadership & Teamwork
• 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. Share process related best practice with the fund administrators.

To be successful, you will:

• Bachelor’s degree in commerce or qualifications to accounting/finance industry or relevant experience. 3-5 years of relevant Funds Administration experience. Working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications used across industry.

• Detailed understanding of single sub-process, control points, end to end process risk. Excellent knowledge in accounting principles and fundamentals of accounting. Excellent knowledge in reconciliations process with clear understanding of the End to End Fund Accounting Model.

• Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations. Earlier experience in custody / brokerage / funds services / depository industry.

• Excellent Team Management skills with ability to handle personnel issues and strong team bonding. 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.
• 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).

• Ensure Reconciliation teams’ activities are in line with Global Operating model. Successful implementation of all process/department level initiatives.
• Adherence to all project/migration timelines. Should have a good knowledge of all the sub processes of the Accounting and Valuation Product starting from Trade Processing. Should be accountable for all the activities falling with the scope of Reconciliations team.

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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