Job Advert Details
Why join us? (Overview of Dept./Function)
Markets & Securities Services (MSS) provides comprehensive global, regional and domestic fund services including fund administration, global custody, corporate trust and loan agency and sub-custody settlement and services to the international asset management industry.
Fund Operations is an integral part of MSS, which primarily undertakes Fees calculations, Fund allocation, NAV calculation & validation, Pricing, Financial Reporting, etc.
The Opportunity: (Brief Overview of the Role)
As a Senior Private Assets Specialist, you will be responsible for leading the relationship of a portfolio of clients, responsible for performing/reviewing client NAVs and contributing to the overall management of service delivery through active participation within the Management Team. You will work with Private Debt/Infrastructure/Real Estate funds under stringent timelines.
We are seeking strong team players, outgoing individuals, who possess a strong work ethic and can take initiative in a growing fund class.
What you’ll do: (List out Key Responsibilities)
- Responsible for perform and reviews of daily/weekly/monthly/quarterly components such as pricing, Reconciliation checks and break resolution, GAV Validation and NAV deliverables and post NAV/Client and regulatory reporting packs on or before the set deadlines to ensure the highest quality client service.
- Working closely with the Administrators and Supervisors to manage timelines, workflows and deliverable quality within agreed SLA’s
- Independently solve problems in valuations to provide suggestions/solutions to internal team, upstream teams, onshore counterparts and investor relations
- Responsible for driving change management initiatives and system enhancement projects.
- Take overall ownership for client reporting, regulatory reporting and audit packs. Interact with senior management/onshore and manage overall client relationship
- Analyze errors and implement controls to aim for zero quality issues.
- Act as the main point of contact for investment managers, custodians, brokers and other relevant upstream and downstream teams to ensure that client needs are met
- Be client aware and contribute to a successful business implementation process and on boarding of new funds
- Lead upstream and downstream governance
- Participate in the fiscal year end audit process and provide information to auditors as required
- Monitor progress of the administrators and supervisors to identify knowledge gaps, and lead training and development
- Assisting the Assistant Vice President with various aspects of team management; involve in everyday performance management as appropriate, leave management, personal and professional development of team, training and engagement
- Identify key risks and process gaps within the process and take measures to address them
- Drive CCO and BCM related tasks within the process - ensure the process and output are consistent with HSBC policies and procedures and that control environment is maintained
- Lead new client onboarding, new fund launches, and new system rollouts
- Define operating models, process flows and embed controls
- Lead efficiency and change initiatives, and other ad-hoc projects
Information
What you will need to succeed in the role: (Minimum Qualification and Skills Required)
Qualifications
- Applicant should have a Bachelor’s degree in Commerce, Finance or significant progress towards a degree or a professional qualification such as ACA, CIMA, ACCA, CISI, AAT or CMA (D)
- Demonstrate reasonable understanding of Alternative/Traditional investment industry and knowledgeable in various derivative instruments such as options, swaps, forwards and corporate actions etc. (E)
Professional Skills & Experience
- At least 24 months of relevant experience as a Fund Administration Supervisor in Private Assets / Hedge Funds / Fund of Funds/ Traditional Funds administration or in Process improvement with exposure to Geneva/ICON/Investran/Yardi accounting platforms (E)
- Proven experience in reviewing NAV/GAV and reconciliation activities such as Cash, Stock, FX and other related accounts such as Futures, Collateral, OTC (D)
- Previous experience in performing trade upload or income processing or reconciliations, pricing and/or A&V activities (D)
- Experience in the Geneva or Icon accounting platform (D)
- Demonstrate ability to identify and resolve complex fund issues (E)
- Proven ability with complex spreadsheet design and formatting (D)
- Ability to assist other staff with application and systems issues (E)
- Ability to work on any shift (E)
What additional skills will be good to have? (List out good to have skills and certifications)
- Strong presentation skills, ability to communicate clearly, concisely and effectively in English, both oral and written
- Strong analytical skills, high attention to detail
- Strong planning and organizational skills, with a proven ability to priorities competing demands and communicate this effectively
- Proven ability to execute and deliver change, within an operational context
- Solution orientated; high energy characteristics necessary to support HSS business
- Strong collaborative management skills with the various stakeholders
Want to apply?
- All applicants must have successfully completed their probation period
- All applicants must have a minimum performance rating of Good and behavior rating of Good in the last year end appraisal
- All applicants should have served at least 18 months in their current functional role and department
- Applicant should inform their Line Manager prior to applying
- Application form should be submitted on CareerLink along with their updated CV
- All the completed applications should be submitted on CareerLink by 11:59 PM on the closing date
- Applicant should not been previously declined for the same position within the last 6 months on the date of submission of their application & the time of selection.
- Applicant should not been on ANY form of Corrective Action within the last 6 months from the date of application
- Right to work is required. Local employment rulings and restrictions will apply.
- Applicants who meet the required minimum score at the interview may be placed in a pipeline for a period of 3 months to fill any vacancies which may arise for the same position during the immediate 3 months from the IJP closure date. The final decision to place an individual in the pipeline rest with the business head concerned
- Applications of candidates who do not adhere to guidelines during any technical assessment that is conducted as part of the selection process will be disqualified and not progressed thereon.
Nom du recruteur
Bathiya Jayathilake
Courriel de recruteur
bathiya.jayathilake@hsbc.com.lk