Fund Administrator - Commerce Freshers

HSBC is hiring for the role of Fund Administrator – Commerce Freshers!

Responsibilities of the Candidate:

• Responsible for Trade capture, exception management and service routing of trades to downstream systems along with adding and settlement of cash transactions. Trade Instructions are either received Straight Through Processing or uploaded manually or through Macros / End-User Computing's to accounting for instructions received in generic mailboxes from Client / Fund Managers.
• Cash transactions are specific journals including expenses, fees, monthly interest & Foreign Exchanges. The Team is also responsible for timely Cash Monitoring, Input of Journals, re-imbursement and payments, monitoring balances and writing off of small residual balances. The Team is also responsible for timely Cash exception (cash reconciliation) handling, Input of Journals, re-imbursement and payments, monitoring balances and writing off of small residual balances. e.g., for Business, Customers and Stakeholders; internal control environment, etc.).
• The individual needs to be flexible to work in shifts and respond to additional business needs if required across the globe. The role will operate within the orbit of the Investment Operations/ German Fund Administrator's strategic plan. The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators. The term 'compliance' embraces all relevant financial services laws, rules and codes with which the business must comply.
• Perform any additional responsibilities that may be required by the Supervisor in support of the on-going management and development of the division. Perform User Acceptance Testing as and when required. Undertake/conduct trainings/cross training for all staff including existing and new staffs.
• Being proactive in identifying root cause for process related challenges and share qualitative resolution. Review the Postings/uploads and ensure all downstream / Business Partner queries are responded in a timely manner. Produce accurate Trade Packs within set deadlines for review. Input and maintain accurate fund accounting records (wherever applicable). Being responsive to ADHOC queries from Business Partners/Stake Holders. NIL Business Partner Complaints.
• All Business Partner / Stakeholders queries to be responded in a timely manner. Open items to be followed up and closed in a timely manner. Adherence to HSBC internal control standards, support internal/external reviews and ensure compliance. Updating all daily Management Information System / trackers as required by the process. Nil breaches in all group and risk policy. Audit, Business Risk Control Management and Compliance reviews rated as 'satisfactory'.