AVP - Operations

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. 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.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of AVP – Operations.

In this role, you will:

• Supporting Private Asset clients and Product / sub-products at a regional level as follows:
• Single Product: Fund Services and Multiple Sub Products: Trade Uploads, Pricing, Reconciliations, Accounting & Valuations, Statutory Reporting
• Improve operational efficiency on year-to-year basis to minimize overall cost and marginal cost of new business
• Support Global Operating Model/Workflow/Platform Change initiatives

• Overall volume at Sub Product Level, 200 - 600 GAV/NAV packs on annual basis, 20+ financial statements on annual basis.
• Multiple Product / Sub Product.  Multiple Region / Multiple Jurisdiction - Significant complexity/risk and engagement with business partners and external market / client/Auditors. New funds are being on board directly in the City office with expectation of BAU delivery from day 1.
• Migration of more complex activities from multiple jurisdictions to City office.
• Operational risk threshold through 'single event' control failure identified to USD10m based on 3-5 years’ data.
• Reduce Operational Losses on year-on-year basis and contain within agreed risk limits.
• Establish effective BCP for the processes.

To be successful you will:

• Detailed understanding of single sub-process, control points, end to end process risk.
• Excellent knowledge in accounting principles and fundamentals of accounting.
• Excellent knowledge in NAV calculation process with clear understanding of the E2E Fund Accounting Model.
• Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations.
• 5-8 years of relevant Funds administration experience.
• Efficient Time Management and ability to multitask work and priorities to meet defined deadlines
• Ability to build excellent rapport and working relationships with other departments and jurisdiction thus ensuring smooth operations.
• Will be expected to maintain HSBC internal control standards, including the timely implementation of internal and external audit points, together with any issues raised by external regulators.
• Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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