Job description
Some careers have more impact than others.
If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.
HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 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 Assistant Vice President- Operations
Principal responsibilities
- Typically managing team of 30- 40 FTE, dependent on current BAU footprint and projected growth.
- Maintain attrition rate within annual performance target, Recruitment/training of teams, develop a culture of meritocracy, high performance standards and high operational effectiveness and control.
- Expertise in 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-boarded directly in the City office with expectation of BAU delivery from day 1.
- High and increasing awareness required across single or multiple products / single or multiple regions / single or multiple jurisdictions. Expertise in various regulations that are being implemented in the Financial Services Industry (FATCA / Dodd Frank / Volker / AIFMD / UCITS / DPA)
- Manage annual transformation – Support re-balancing complexity, volume and criticality across City offices to align to the Location Strategy and Given the criticality of the process, this role requires the job holder to manage adherence to process and FIM guidelines to ensure NIL impact to the business.
- The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business must comply.
- The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
- Improve operational efficiency on year-to-year basis to minimize overall cost and marginal cost of new business
- Service Delivery quality/timeliness is within/exceeding agreed limits and regularly reported to stakeholders.
Requirements
- Qualified accountants with a strong preference towards UK SORP experience
- Candidate will have extensive working experience in the securities industry, to include:
- Knowledge of clients and products across range of securities services
- Management position with exposure to business partners across multiple geographical locations
- Management position with exposure to remuneration, performance management, team building and staff development.
- Extensive Fund Administration experience, with experience in Pricing and GAV/NAV preferred
You’ll achieve more at HSBC
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.”
***Issued By HSBC Electronic Data Processing (India) Private LTD***