Associate Vice President | Operations

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Job Purpose

Operations function is a critical support activity for settlement of trades on time and reconciliation of Holding & Bank Accounts. This is a voluminous and high pressure function which needs knowledge of various security settlement modes, digitalization, new trends available in the Capital Market system. Recon experience, co-ordination with Sales RMs, ISCs, R&T, Recon Agency, custodians, and knowledge on Mutual Fund regulations. Ensuring that appropriate Mutual Fund regulations and controls are adhered to and best practice standards are maintained across all activities within the sphere of control particularly in the protection of client monies. Taking ownership and motivates the team to perform to the core to get the best possible results.

Principle Accountabilities

The Operations personnel will be required for the following key activities

• Strong Domain Understanding on Financial Instruments & Markets and regulations impacting Financial Markets;

• Strong numerical skills and analytical abilities;

• Ability to independently manage relationship with Fund Accountant and Custodians;

• Ability to drive process improvements, new initiatives, small to medium scale projects independently;

• Ability to Design and Produce MIS for Decision Support, Business Intelligence;

• Ability to lead & manage teams of up to 5 people;

• Ability to represent the organization in Industry Forum discussions in the areas of securities trading & settlement systems.

• High level of process orientation;

• Eye for Detail;

• Good Verbal & Written Communication Skills;

• Ability to independently handle audits.

Activities

• Setting up of Investment Restrictions

• Trade Settlements

• Managing Statutory Audit and Financials

• New Vendor onboarding

• SEBI TER report

• Renewal of Auditors Appointment

• Management Fees Certificate

• Group requirements and processes for Vendor onboarding and ongoing compliances

• SEBI/AMFI reporting

• Compliance with AMFI Circulars

• Bloomberg Screening

• Preparing Trust Accounts and getting the same audited

• LEI Renewal for Mutual Fund

Asset Class - Equity, Equity Derivatives, Fixed income, Fixed Income Derivatives, ETF, Index Funds, Mutual Funds, Overseas Mutual Funds

Requirements

Qualification and Experience -

• Chartered Accountant / Post Graduate with good knowledge on accounting

• Minimum 5 - 7 years of Work experience, primarily in Mutual Fund operations / Insurance/ Alternatives/Hedge Fund / Audit firm

Functional and Behavioral Skills

• Preferable to have experience in Mutual Funds including Application, settlement cycle, system updates, recons and client reports

• Knowledge on various modes of collection / payment mode offered by Banks and new trend in payment mechanism

• Good Analytical skill and expert knowledge in Excel

• Good Communication and Team management skill

• Good at Time Management

• Good at Time Management

Useful Link

Link to Careers Site: Click HERE

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Issued by HSBC Global Asset Management (India) Private Ltd