Job Description

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 Senior Fund Administration Processor

FTC Role - 1 Year contract

In this role, you will:

• The role holder will be responsible for Trade capture, exception management and service routing of trades to downstream systems along with adding and settlement of cash transactions. Trade Instructions are either received STP through BVI or uploaded manually or through Macros/EUC’s to account for instructions received in generic mailboxes from Clients/FM’s.
• Diagnostics reports are run which include investigation, handling any exceptions, and query resolution within the PLA turnaround time. The services include sending Asset setup to the Static Team and resolving queries received in Vortex/ TLM (Reconciliation platform). Cash transactions are specific journals including expenses, fees, monthly interest & FXs. Instructions are received from Internal teams, Clients, Brokers, Fund Managers, Transfer Agencies and Custodians.
• The Team is also responsible for timely Cash Monitoring, Input of Journals, reimbursement and payments, monitoring balances, and writing off small residual balances. The Team is also responsible for timely Cash exception (cash reconciliation) handling, Input of Journals, reimbursements and payments, monitoring balances, and writing off of small residual balances.
• Enable the rollout of new products/ activities within Trades.
• Engage and drive efficiencies and business solutions through automation and be an agent of change. Assist and participate in deploying defined business solutions to remove manual processes.
• Ensure Active participation and support of migration / re-migration of funds. Optimize participation in department initiatives, regulatory, compliance and reduce risk.
• Formulate and implement robust control mechanisms to eliminate risk. Ensure Successful implementation of all process/department-level initiatives.
• Responsible for ensuring Adherence to all project /migration timelines.

To be successful you will:

• Applicant should have a Bachelor’s/master’s degree in commerce/finance
• 1- 3 years of fund administration experience.
• Excellent knowledge of Capital Markets and Financial instruments. Excellent knowledge of accounting principles.
• Proficiency in working knowledge of A&V, Reconciliation, and Trade Processing platforms, viz. SimCorp Dimension. Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds, and reconciliations.

• Proficiency in EXCEL essential. Create capacity and generate efficiencies.
• The major challenge for this role is to continuously deliver within the specified time limit with minimum or no errors. The individual will have to complete all the activities for all the allocated clients for self and fund administrators
• within the set time limit and ensure that the Trade Processing signoffs are sent to the stakeholders within the agreed PLA parameters. The individual needs to drive process improvement initiatives within the team.
• The individual needs to be flexible to work shifts and respond to additional business needs if required.

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.”

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

***Issued By HSBC Electronic Data Processing (India) Private LTD***