ASST MGR - PROCESSING - Middle Office FINS DATA (UK)

HSBC; Quezon City; Hybrid; PHP 700,000 - 1,100,000; Full time

Job summary

HSBC in the Philippines is hiring an Assistant Manager - Processing - Middle Office Fins Data (UK) to ensure static data readiness for fund launches and to clear exceptions in Middle Office and Fund Admin. The role collaborates with clients and external parties such as brokers and custodians, driving accuracy and timeliness.

The incumbent will support rollout of new products within Investment Operations, participate in migrations, and perform maker/checker controls while maintaining strong

Qualifications

• Bachelor’s degree related to financial services.
• 3–5 years of Funds administration experience.
• Complete understanding of Trade Life Cycle.
• Excellent knowledge of Capital Markets and Financial instruments.
• Excellent knowledge of Investment Operations process with clear understanding of the E2E Fund Accounting Model.
• Strong analytical and problem-solving skills.
• Ability to speak and understand English.
• Excellent interpersonal and teamwork skills.
• Organized and detail oriented.
• Ability to re-prioritize workloads and meet tight deadlines.

Responsibilities

• Support rollout of new products and activities within Investment Operations.
• Assist migration and re-migration of funds and meet project timelines.
• Review postings, reconciliation packs and trades upload.
• Ensure accuracy of breaks reported in upstream shells.
• Perform maker and checker activities as required.
• Raise exceptions with the appropriate teams.
• Maintain effective relationships with internal customers and business partners.
• Participate in governance calls and communicate timely updates.

Skills

Capital markets knowledge

Fund accounting

Analytical skills

Teamwork

English proficiency

Education

Bachelor's degree in financial services

Job description

Location: Quezon, National Capital Region (NCR), PH, 1101

Brand: HSBC

Area of Interest:

Role Workstyle: Hybrid Worker

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 62

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 Manager - Processing - Middle Office Fins Data (UK).

FINS Data is designated to facilitate static data for multiple Middle Office and Fund Admin clients within agreed quality, timing and output targets. The role involves contact with clients and other external parties such as broker and custodians.

The Opportunity:

The job holder is responsible for ensuring static data is ready for fund launches and updates are made to clear Middle Office and Fund Admin exceptions.

In this role, you will:

Impact on the Business

• To support rollout of new products/ activities within Investment Operations & ensure its successful implementation.
• Active participation and support of migration / re-migration of funds & adherence to all project/migration timelines.
• Review the Postings/Reconciliation Packs/ Trades Upload.
• Review the deliverables of upstream shells with regard to accuracy of breaks reported.
• Perform maker and checker activities as and when required.
• Raising the exceptions with appropriate teams

Customers / Stakeholders

• To develop and maintain mutually respectful & successful relationships with internal customers & business partners.
• Participate in monthly BAU/Governance calls with various stake holders & maintain timely communication.
• Participation and support provided to initiatives taken by other teams.

Leadership & Teamwork

• Perform maker and checker activities as and when required.
• Raising the exceptions with appropriate teams
• To develop and maintain mutually respectful & successful relationships with internal customers & business partners.
• Participate in monthly BAU/Governance calls with various stake holders & maintain timely communication.
• Participation and support provided to initiatives taken by other teams.

Operational Effectiveness & Control

• Updating all MIS/trackers as required by the process.
• Enhancements to Job-Aid Matrix, SOP, process notes, checklists, KPI and internal processes as and when required.
• Ensure timely follow up on the open & outstanding issues that hinder the valuation. Ensure, Escalation Matrix is followed as per agreed for both BP & Markets & Securities Services, Manila city office.
• Nil breaches in all group and risk policy. Audit, BRCM and Compliance reviews rated as 'satisfactory'.

To be successful in this role, you should meet the following requirements:

• Applicant should have a Bachelor’s degree related to financial services.
• 3-5 years of relevant Funds administration experience.
• Complete understanding of Trade Life Cycle
• Excellent knowledge of Capital Markets and Financial instruments, accounting principles and fundamentals of Accounting
• Excellent knowledge in Investment Operations process with clear understanding of the E2E Fund Accounting Model.
• Possess good analytical and problem-solving skills.
• Ability to speak and understand English
• Excellent interpersonal and teamwork skills.
• Organized and detail oriented.
• Ability to re-prioritize workloads due to changing circumstances; meet strict deadlines.
• Will be expected to maintain HSBC internal control standards, including the timely implementation of internal and external audit points, together with any issues raised by external regulators.
• Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any).

What additional skills will be good to have?

• Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and Investment Operations.
• Static Data background
• Additional qualifications related to financial industry including IOC will be given preference
• Individuals having worked in different departments/ functions will be given preference.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

You’ll achieve more when you join 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.