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
Assistant Vice President - Operations
In This Role, You Will
- Typically managing 25-30 FTEs, dependent on current BAU footprint and projected growth
- Supporting Private Asset clients and Product / sub-products at a regional level as follows:
- Multiple Sub Products: Trade Uploads, Pricing, Reconciliations, Accounting & Valuations, Statutory Reporting
- Improve operational efficiency on year to year basis to minimize overall cost and marginal cost of new business
- Overall volume at Sub Product Level, 200 - 600 GAV/NAV packs on annual basis, 20+ financial statements on annual basis.
- 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.
- Operational risk threshold through single event control failure identified to USD10m based on 3-5 years data.
- Large variation and the manual nature of processes required by Product / System / Country / Client
- Service Delivery quality/timeliness is within/exceeding agreed limits and regularly reported to stakeholders
To Be Successful You Will
- Bachelor's degree in Commerce or qualifications to accounting/finance industry or relevant experience.
- Detailed understanding single sub-process, control points, end to end process risk.
- Excellent knowledge in accounting principles and fundamentals of Accounting.
- Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations.
- 5-8 years of relevant Funds administration experience.
- Management position with exposure to remuneration, performance management, team building and staff development, business partners across multiple geographical locations.
- Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any).
You'll achieve more at 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.
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