Manager Operations, Funds
HSBC · Mumbai, Maharashtra, India
- On site
- Full-time
- ₹1,200,000 / year
- Mumbai, Maharashtra, India
Job highlights
- Manage fund administration services for mutual funds and more.
- Ensure accurate NAV calculation and client reporting.
- Drive process improvements and automation initiatives.
- Handle audits and manage operational risks effectively.
- Requires 5-6 years experience and accounting knowledge.
About the role
Job Introduction
The primary purpose of this job is managing the fund administration services for specific Mutual fund / Insurance / AIF & PMS client. This role serves as a Subject Matter Expert for the respective area of Operation and assists the line manager in implementing the longer-term strategic vision for the operations unit. This includes testing and implementing system changes and ensuring compliance with FIM and all relevant local regulations.
Principal Responsibilities
- Ensure error-free calculation of Net Asset Value (NAV) and timely/accurate reporting to clients daily.
- Prepare various client and regulatory reports as per prescribed formats and timelines.
- Handle various audits including Statutory Audit, SEBI Audit & Internal Audit for Mutual Fund / Insurance / AIF clients.
- Contribute towards cost-saving/revenue enhancement initiatives by automating manual processes and improving productivity.
- Ensure Operational Memorandums & Client SLAs are met, and new client requirements are accepted if feasible.
- Track competitors regarding service proposition, value-added services, and best practices.
- Explore avenues for service improvements and provide ongoing value-adds to clients.
- Ensure error-free and efficient operations across all clients, adherence to defined process notes, and diligent following of daily checklists.
- Implement tools/triggers to monitor performance and ensure no process deviations or exceptions occur that negatively impact clients or HSBC.
- Manage operational risk, including its identification, assessment, mitigation, and control, and assess operational gaps/inefficiencies that could lead to fraud or lapses.
- Implement Global Standards.
Role Requirements / Education Qualifications / Certifications / Experience
Applicant should possess sound knowledge of SEBI Mutual fund regulations and financial accounting, preferably a Bachelor of Commerce degree (Specialized in accounting). Exposure to the capital market is an added advantage. A minimum of 5-6 years of work experience is required.
Qualifications
Minimum Graduation or as required for the role, whichever is higher.
About HSBC
HSBC is 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.
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.
Key skills/competency
- Fund Administration
- Net Asset Value Calculation
- Regulatory Reporting
- Audit Handling
- Process Improvement
- Client Service Management
- Operational Risk Management
- SEBI Regulations
- Financial Accounting
- Capital Markets
Skills & topics
- Operations Manager
- Fund Administration
- Mutual Funds
- Financial Accounting
- SEBI Regulations
- NAV Calculation
- Regulatory Reporting
- Process Improvement
- Audit Management
- Capital Markets
How to get hired
- Tailor your resume: Highlight your fund administration, NAV calculation, and regulatory reporting experience.
- Showcase SEBI knowledge: Emphasize your understanding of SEBI Mutual fund regulations and financial accounting.
- Demonstrate process improvement: Provide examples of automating manual processes and enhancing productivity.
- Prepare for audits: Be ready to discuss your experience with statutory, SEBI, and internal audits.
- Research HSBC's values: Align your application with HSBC's commitment to a diverse and inclusive culture.
Technical preparation
Behavioral questions
Frequently asked questions
- What are the key responsibilities for an Operations Manager, Funds at HSBC?
- As an Operations Manager, Funds at HSBC, your key responsibilities include managing fund administration services, ensuring accurate Net Asset Value (NAV) calculation and client reporting, handling audits, driving process improvements, and managing operational risks. You will also ensure compliance with SEBI regulations and client SLAs.
- What qualifications are needed for the Operations Manager, Funds role at HSBC?
- HSBC requires a minimum of 5-6 years of work experience for this role. A Bachelor of Commerce degree, preferably specialized in accounting, is preferred. Sound knowledge of SEBI Mutual fund regulations and financial accounting is essential. Exposure to the capital market is an added advantage.
- How does HSBC support professional development for its Operations Managers?
- HSBC is committed to fostering continuous professional development. They provide a workplace that offers opportunities to grow within an inclusive and diverse environment, supporting employees in advancing their careers.
- What kind of reporting is involved in the Operations Manager, Funds position at HSBC?
- The role involves daily reporting to clients on Net Asset Value (NAV) calculations. Additionally, you will be responsible for preparing various client and regulatory reports according to prescribed formats and timelines.
- How can I demonstrate my suitability for the Operations Manager, Funds role at HSBC during the application process?
- To demonstrate your suitability, tailor your resume to highlight your fund administration experience, regulatory knowledge (especially SEBI), and any process improvement initiatives you've led. Be prepared to discuss your experience with audits and risk management during interviews.