Manager Operations Funds

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Job Introduction

The primary purpose of this job is to assist in providing fund accounting services to domestic clients (mutual funds, insurance companies, Alternative Investment Funds & PMS clients).

Principal Responsibilities 

• Trade processing
• Corporate Action processing
• Unit Capital Accounting
• Valuations and NAV computation
• Reconciliations
• Reporting
• Demonstrates improvement in process efficiencies and productivity for the team
• To manage operational risk, including its identification, assessment, mitigation and control, loss identification and reporting

Major Challenges 

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.

Context of the Job

1.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.

2.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.

3.The environment is quite unstructured and the job-holder is required to handle exceptions virtually on a day-to-day basis.

4.The job-holder will be responsible for servicing clients who are relatively smaller and have less complex requirements.

5.The job holder will be responsible to Act with courageous integrity and should adhere to HSBC values and Business principles.

Management of Risk 

• Manage operational risk arising through fraud, unauthorized activities, error, omission, inefficiency, systems failure or from external events.
• Maintain awareness of operational risk including its identification, assessment, mitigation and control, loss identification and reporting in accordance with section 4 of the Group Operations FIM.
• Record and update on ORION operational risk self assessment scores, action plans and reports, which impact the operational risks of the business, or otherwise review annually or where significant change occurs, e.g. acquisitions, new product launch, or when processes are transferred to new teams or locations