Job Description

Job description

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we\xe2\x80\x99re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers open more doors than others.

If you\xe2\x80\x99re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

Role Purpose

• The primary purpose of this job is to assist in providing fund accounting services to domestic clients (Mutual funds, Insurance companies, PMS clients and Alternative Investment Funds).
• Maintain and enhance working relationship with internal sections.
• SME (Subject Matter Expert) for the respective area of Operation.
• Assist the line manager in implementation of longer-term strategic vision for the operations unit. This includes testing and implementing system changes.

Principal Accountabilities

• Accurate Trade processing: Uploading/checking of all trades executed by clients on the Fund Accounting system without any errors.
• Unit Capital Accounting: Uploading/inputting of unit capital data on the system to ensure accurate computation of NAV.
• Valuations and NAV computation: Assisting in accurate valuation of different types of instruments as per client valuation policy and computation/publishing of NAVs for relatively smaller clients in an accurate and timely manner (after all inputs have been fed into the system).
• Reporting: Generation/preparation of various client and regulatory reports as per prescribed formats and timelines.
• Process and Productivity Improvement - Contribute towards cost saving / revenue enhancement initiatives for the business by automating the manual processes thereby improving the productivity

Customers / Stakeholders

• Client SLA- Ensure that the client SLA are monitored and met at all times.
• Client requirements \xe2\x80\x93 Supporting in implementing the best possible solution for any new requirements from the client/regulators

Leadership & Teamwork

• Act as a back for other team members and ensure that none of the processes within the team are person dependent.
• Improve relationship and communication with the Internal customer (CSV) for better delivery to the client

Operational Effectiveness & Control

• Ensuring that the correct processes are followed for all the activities and ensuring the daily checklist are in place and followed on a daily basis.
• Ensuring standardized process is followed for all the clients and adopting best practices across all the clients. Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring.
• Implement Global Standards

Major Challenges

Key challenges for the job-holder would be:

1. Transaction processing (including reporting) in a relatively more manual environment. Therefore, he/she would need to strictly adhere to the internal control procedures.

2. The processes involved are extremely tight on timelines. Therefore, the job-holder will need to manage all processing within the prescribed timelines.

3. There are frequent changes in terms of regulatory / client requirements. The job-holder will therefore need to adapt to changing processes.

Role Context

• The Indian securities market is evolving and very dynamic with regular changes in regulations, market procedures, types of investments etc. This demands the job-holder to manage constant change in terms of processes and systems.
• Clients are very demanding and their requirements are very specific and customised. These vary from client to client and there is no consistency in this regard (processes/report formats etc.). This requires the job-holder to ensure a high degree of flexibility in day-to-day servicing.
• The environment is quite unstructured and the job-holder is required to handle exceptions virtually on a day-to-day basis.
• The job-holder will be responsible for servicing clients who are relatively smaller and have less complex requirements.
• The job holder will be responsible to Act with courageous integrity and should adhere to HSBC values and Business principles.

Management & Leadership of Regulatory, Compliance & Operational Risk

Demonstrate leadership on Regulatory & Compliance matters. Maintain awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with section B.1.2 of the Group Operations FIM

Observation of Internal Controls

Maintain and observe HSBC internal control standards, implement and observe Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators. Foster a compliance culture and implement Group Compliance Policy by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, and optimising relations with regulators

Role Dimensions

The job-holder would be assisting in handling an asset-base ranging between HKD 1 - 3 billion. In terms of transactions, he/she would be responsible for processing around 60-70 transactions per day. He/she would also be assisting in the computation of around 25-30 NAV\xe2\x80\x99s on a daily basis.

Requirements

• Graduate with 2-5 years of experience.

Useful Link

Link to Careers Site: Click

You\xe2\x80\x99ll achieve more when you join HSBC.

HSBC is 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.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India

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