Manager Operations - Statutory & Financial Reporting

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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 Manager Operations – Financial / Statutory Reporting.

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, Financial Management 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.
• Proactively 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 requirements). Develop a comprehensive understanding of the Traditional Net Asset Value processes and 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 analyses Management information 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 of enhancing cost effectiveness. Responsible for reviewing Net Asset Value packs. Process productivity and quality targets are set, monitored and achieved to ensure optimum resource utilization and achievement of business objectives and customer SLA’s
• Drive the delivery of rigorous and customer centric Quality Campaigns and initiatives to increase Quality awareness in the team. Proactively identify and resolve problem situations to give maximum customer satisfaction and escalate where necessary and take 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 a key escalation point in resolving issues with the Business Partner on a timely & ongoing basis. Ensure packs are delivered with quality and within set deadlines with additional focus on priority clients and strategic approach to valuations should be carried out by keeping the priority clients in mind.

• Maintain a proactive awareness of the Operational Risk scenario associated with the role, ensuring that all actions during your employment with HSBC take account of the likelihood of operational risk occurring while also Ensuring escalation process is in place and is effective
• Ensure Gross Asset Value and Net Asset Value operating procedure is followed with management of risks. Continually assess the risks inherent in department processes and procedures.

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 end-to-end Fund Accounting Model. Ability to update, manage and analyses Management information 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 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 and Net Asset Value Activities.
• Previous experience in performing & reviewing funds in Accounting and Valuation or Institutional Fund Services working areas. Strong working knowledge on Microsoft Office.

• Evidence of good analytical, statistical and data mining skills to study trends and make projections. Production management skills and ability to initiate process improvements and recognize areas for development.

• Working knowledge on IMS, Multifonds, Pcontrol, ICON, Bloomberg, etc.
• Good knowledge in investment accounting and investment valuations. Knowledge in the use of Bloomberg and/or Reuters. Strong Accounting Concepts with a clear understanding of financial statements.
• Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations. Additional qualifications related to financial industry will be given preference.

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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