Asset Management Operations Specialist
hace 2 semanas
We are seeking an experienced professional to join our team in the role of Asset Management Operations Specialist. This is a challenging and rewarding position that will provide you with the opportunity to make a real impact in our organization.
The Global Asset Management, Bangalore Office team reconciliation team is responsible for ensuring the accuracy of cash inflows/outflows and ensuring certainty of positions i.e cash and positions which is provided to Portfolio Managers and Investment teams daily. The team reconciles the Front Office Book of Records vs the Investment Book of Records using MYSS IE tool and resolves any exception based on predefined rules.
The role encompasses stakeholder management, execution of daily BAU tasks, and execution of organization strategy. Key activities include:
- Ensuring positions and cash data is accurate for the business at the SOD for the Front Office, thereby enabling Investment Management teams to have the most accurate data to invest.
- Performing various functions under global operation team include transaction management, position management, Oversight management and Derivatives management.
- Intercompany Fee Billing: calculating final billing and invoices of intercompany agreements. Sharing and agreeing with customers.
- Initiating company's cash wires process and supporting accounting team with questions related to account movements.
- Fund Rebates and Revenue Share: calculating funds fee rebates on 40 Act, GLF and HGIF. Sharing calculations with customers.
A minimum of 4 to 6 years' experience in Reconciliations is mandatory, and an understanding of the Asset management business is preferred. An understanding of various asset classes, underlying instruments is also mandatory. Accurate positions and cash data would minimize the risk of issues. The team will be using follow-the-sun model to ensure that unresolved exceptions are managed by the local operations team.
Key Requirements:
- Bachelor's degree.
- Adequate process training and regular feedback sessions to new joiners at Analyst level.
- The role requires broker and account set up /onboarding - developing an effective /transparent /digital workflow for broker and account set up /onboarding and the required OMS mapping to appropriate platforms (to include MarketAxess /TradeWeb /BondConnect etc ) with proactive communication on progress/completion. The workflow includes FX and OTC set up for new account and mandate launches to manage the specific broker requirements for credit and risk approvals.
- Cultivating an environment that supports diversity. Leading and encouraging constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and challenging actions and behaviors that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.
- For Accounting area: Essential accounting knowledge.
Benefits:
- Paid leave package is at the forefront in Mexico.
- HSBC offers our colleagues a greater number of leave days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member.
Estimated Salary: $80,000 - $110,000 per year
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