Assistant Manager, Operations

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Business Descriptor:

Global Markets is part of our HSBC Corporate and Institutional Banking division a markets-led financing-focused business that provides investment and financial solutions. Our Markets business is one of the largest of its kind in the world. It combines sophisticated 24- hour global coverage with a detailed knowledge of local markets. Our services are offered both online and offline in more than 60 countries and territories worldwide. We specialise in foreign exchange credits and rates structured derivatives equities and debt equity and equity-linked capital markets.

We are currently seeking a person to join the Fund Administration team (FS) within Securities Services.

Securities Services provides robust and reliable solutions that enhance performance and mitigate risk today and in the future. Working with institutional investors banks insurance companies governments and multinational corporations Securities Services offers a range of fund administration global custody sub-custody and clearing services. Management with a focus on customer-centric propositions and innovative and efficient distribution channels.

Principal Responsibilities

• Ensure error-free calculation of Net Asset Value (NAV) and timely / accurate reporting to clients on a daily basis.
• Preparation of various client and regulatory reports as per prescribed formats and timelines.
• Handling of various audits (Statutory Audit SEBI Audit & Internal Audit) for the Mutual Fund / Insurance / AIF clients.
• Process and Productivity Improvement - Contribute towards cost saving / revenue enhancement initiatives for the business by automating the manual processes thereby improving the productivity.
• Ensure Operational Memorandum & Client SLAs are always met. Ensure that all new Client requirements are accepted if feasible.
• Tracks competitors with respect to service proposition value-added services best practices etc.
• Explores avenues for service improvements and provides value-adds to clients on an ongoing basis.
• Ensure error-free and efficient operations across all clients as well as adherence to defined process notes and diligently following the daily checklist put in place. To put in tools / triggers to monitor performance as per the defined process notes and checklist on an ongoing basis. No instance to be observed where any process deviation / exception has taken place that has resulted in negative impact for the client or HSBC.
• To manage operational risk including its identification assessment mitigation and control & assess operational gaps / inefficiencies which could lead to frauds and lapses.
• Implement Global Standards

Role requirements / Educational Qualifications / Certification / Experience:

• Applicant should be a person having sound knowledge of SEBI Mutual fund regulations and financial accounting preferably a Bachelor of commerce degree (Specialized in accounting).
• An exposure to capital market would be an added advantage. He should possess at-least 2-3 years of work experience.

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