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 A&V 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, Financial Mainframe Report 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 A&V team is responsible functionally across multiple jurisdictions (where applicable) serviced out of Market Securities Services.

• Responsible for identifying and reduce manual processes for enhanced operational control. Undertake relevant measures to extend support and implementation of technology upgradation. Lead and oversee User Acceptance Testing for the business (as and when required) initiatives.
• Lead Projects for both business partners and Market Securities Services (based on business objectives, targets and requirements). To acquire a comprehensive and 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, analyze and enhance Management information requirements/processes to ensure that the tracking mechanism is reflective of the current business activities and its ability to measure the team’s performance across different markets with different level of experience.
• The role includes the responsibility to ensure that business data requirements are completed accurately and efficiently, additionally   make sure that supporting statistics/reports/returns are presented to business/management within agreed timescales. Drive the plan for standardization of processes by sharing the best practices across the various markets with the aim of enhancing cost effectiveness and efficiency.

• 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 information by the stipulated deadlines.
• Additional review of Job-Aid Matrix, SOPs, process notes, checklists and other internal process related documents periodically.

To be successful you will:

• Bachelor’s degree in accounting or qualifications in the accounting/finance industry.
• 3-5 years of relevant Funds administration experience. Ability to monitor and meet operational goals. Should have an eye for detail and a strong analytical mind. 
• 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 the E2E Fund Accounting Model. Ability to update, manage and analyze MI related activities.
• 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.
• Understanding of Gross Asset Value / Net Asset Value activities. Previous experience in performing & reviewing funds in A&V or IFS working areas.
• Strong working knowledge on Microsoft Office.

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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