Administrator - Reconciliations

HSBC; Bengaluru; On-site; INR 500,000 - 800,000; Full time

Job summary

HSBC in Bengaluru is seeking an experienced Reconciliation Processor to prepare and review accurate reconciliations packs for Alternative and Traditional fund portfolios across multiple locations. You will ensure quality control for several portfolios and support rollouts of new products within Reconciliations’ scope for fund services across Europe, MENA and APAC.

The role is 80% technical, focusing on controls and reconciliation processes, and 20% training.

Qualifications

• Bachelor’s degree in commerce or accounting/finance background or relevant experience.
• Strong working knowledge of MS Office.
• Excellent knowledge of reconciliations process with accounting principles.

Responsibilities

• Prepare/review accurate reconciliations packs of Alternative/Traditional fund portfolios across locations.
• Support rollout of new products/activities within Reconciliations’ scope for Fund Services across Europe/MENA/APAC.
• Role comprises 80% technical work including reviewing and implementing process controls; 20% training-related activities.
• Individual contributor role with no direct reports.

Skills

MS Office

Education

Bachelor’s degree in commerce

Tools

Bloomberg

Reuters

Job description

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 organizations 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 realize their ambitions. We are currently seeking an experienced professional to join our team in the role of Reconciliation Processor.

In This Role, You Will

• To prepare/review accurate Reconciliations packs of Alternative / Traditional fund portfolios on timely basis with expected quality. Will be responsible for ensuring quality control for several portfolios of Alternative / Traditional funds for multiple locations.
• Ensure that support rollout of new products / activities is within Reconciliations’ scope. Responsible for supporting Fund Services - Reconciliations, covering Europe / MENA / APAC for single or multiple clients.
• Role comprises 80% of technical aspects which include reviewing and implementing process related controls and 20% comprises of activities such as training.
• Role will be of individual contributor in nature and will not have team reporting to the role.

To Be Successful You Will

• Bachelor’s degree in commerce or qualifications in accounting/finance industry or relevant experience. Strong working knowledge on MS Office.
• Excellent knowledge in reconciliations process with accounting principles and fundamentals of accounting. Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations.
• Ability to comprehend and communicate (written / oral) in English.
• This role involves shift timings starting from 2:30 AM IST and it's nonnegotiable. Applicants must be in line towards this.

Additional Skills

• Knowledge of Derivatives Instruments. Working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications used across industry
• Detailed understanding of end-to-end product and process, multiple market and regulations pertaining to the fund services industry.

You’ll achieve more at HSBC

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 work 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.

• Issued By HSBC Electronic Data Processing (India) Private LTD***