- Location: Mumbai, India
- Area of Interest: Investment Banking, Markets, and Research
- Job Type: Permanent, Full-Time
- Work Style: Hybrid Working
- Application Period: January 24, 2025 – February 7, 2025
If you’re looking for a career that offers endless possibilities and room to grow, HSBC is the place for you. We’re looking for a motivated and driven individual to join our Fund Administration team within Securities Services. This role is an exciting opportunity to contribute to a high-performing team, manage key operational functions, and help shape the future of HSBC’s services to its global clients.
Role Overview
As an Assistant Manager – Operations, your primary responsibility will be supporting our fund accounting services for a wide range of clients, including mutual funds, insurance companies, portfolio management services (PMS), and alternative investment funds. You’ll be expected to maintain excellent relationships with internal teams, act as an expert in your area of operation, and assist in implementing long-term strategic goals within the department.
Key Responsibilities
Business Operations & Functionality
- Security Master Setup and Corporate Actions: You’ll be responsible for ensuring that security data is correctly tracked and processed, including the handling of corporate actions.
- Reconciliation: You’ll need to regularly reconcile stock positions and cash transactions between custody and fund accounting systems.
- Client Billing and Reporting: You’ll prepare and generate accurate client bills and regulatory reports according to deadlines.
- Process Improvement: We value efficiency and automation, so you’ll contribute to process improvements, identifying opportunities to streamline operations and reduce costs.
Client & Stakeholder Engagement
- Maintain strong relationships with clients, ensuring that service-level agreements (SLAs) are consistently met.
- Keep an eye on competitor services and identify ways HSBC can improve or offer additional value to clients.
Team Leadership & Collaboration
- Foster an environment where your team members can learn, grow, and perform at their best.
- Drive improvements in team efficiency and morale by automating processes and creating learning opportunities.
- Promote teamwork and ensure high job satisfaction within your team.
Operational Effectiveness & Risk Management
- Ensure smooth and error-free operations by adhering to defined processes and guidelines.
- Take proactive steps to identify and address any risks or inefficiencies that may arise.
- Maintain HSBC’s internal control standards and ensure compliance with both internal policies and external regulations.
Requirements
Qualifications
- A solid understanding of financial accounting is essential for this role.
- A Bachelor’s degree in Commerce, preferably with a focus on accounting, is preferred.
- Prior exposure to capital markets will be an advantage.
- Ideally, you will have 2-3 years of relevant work experience.
- Minimum graduation (or higher) is required.
Skills & Challenges
- You’ll need to have a sharp eye for detail and the ability to track and manage security data accurately.
- Managing tight deadlines and adapting to regulatory changes will be key challenges you’ll face in this role.
- A solid understanding of internal controls and the ability to follow procedures strictly is essential.
Why This Role is Exciting
- Career Growth: This role offers plenty of opportunities to learn, develop, and progress within HSBC.
- Global Impact: You’ll play a part in providing services to some of the world’s most prestigious clients, including multinational corporations, governments, and institutional investors.
- Work Flexibility: Enjoy the benefits of a hybrid work model, with a mix of remote and in-office work.
- Collaborative Environment: HSBC fosters a culture of teamwork, continuous improvement, and innovation.
- Diversity & Inclusion: HSBC values diversity and strives to create an inclusive workplace for everyone.
About HSBC Securities Services
HSBC Securities Services offers a range of services such as global custody, fund administration, sub-custody, and clearing, catering to institutional investors, banks, insurance companies, and more. We’re focused on providing reliable solutions that enhance client performance and reduce risk.
