Manager Operations - Traditional Fund Accounting

We are currently seeking an experienced professional to join our team in the role of Manager Operations - Traditional Fund Accounting.

In this role, you will:

• The traditional Accounting & Valuations 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 role will demand a daily balance of delivering excellent client service within the standard Net Asset Value model of promoting continuous improvement of Net Asset Value processes and of identifying and capitalizing opportunities to create capacity and generate efficiencies.
• Responsible for identifying and reducing 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.
• To acquire a comprehensive and broad understanding of the Traditional Net Asset Value processes and to keep abreast of the latest developments in the assigned markets on the rules and regulations by the regulators, stock exchange and etc. that may have implication to the daily Net Asset Value processes.
• This 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.
• To ensure control measures/checkpoints are established to scrutinize exceptions/errors to prevent any operational losses and reviews on these measures are constantly performed.
• Review contingency requirements on a periodic basis and invoke relevant business recovery measures as necessary.
• Carry out effective Operational Risk Assessment by monitoring and implementing risk mitigating plans.
• Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
• Ensure Gross Asset Value / Net Asset Value operating procedure is followed with management of risks (if any).
• Ensure governance on all daily/weekly tracker updated by team.
• Update all management MI by the stipulated deadlines.
• Additional review of Job-Aid Matrix, Standard Operating Procedure, 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.
• Strong working knowledge on Microsoft Office.
• Overall 5+ years of relevant funds administration experience.
• 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 end-to-end Fund Accounting Model.
• Ability to monitor and meet operational goals.
• Ability to update, manage and analyze Management Information related activities.
• Evidence of good analytical, statistical and data mining skills to study trends and make projections.
• Complete understanding of Trade Life Cycle.
• Understanding of Gross Asset Value / Net Asset Value activities.
• Working knowledge on IMS (Investment Management System), Multifonds, ICON (Investment Operations Control and Oversight Network), Bloomberg, etc.
• Knowledge in the use of Bloomberg and/or Reuters.
• Ability to speak and understand English fluently, writes business letters and reports, good conversational / telephone skills.
• Ability to learn quickly, transfers knowledge appropriately, understand and interpret numeric data.
• Initiate cost control measures by achieving resource efficiency and managing overheads.
• Evidence of very good prioritizing, planning and organizing skills.
• Ability to comprehend and minimize operational risks including wide understanding of audit controls and compliance requirements.
• Ability to maintain control, direction and motivation of staff in an ever-changing environment.
• Strong accounting concepts with a clear understanding of financial statements.
• Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations.