Subject Matter Expert Transaction Management Job In Hsbc In India, Kolkata

Job description Business:Market and Security Services Open positions:1 Role Title:Subject Matter Expert - Transaction Management Global Career Band:7 Location : Kolkata Recruiter Name : Archanasharma Why join us Transaction Management Team is responsible for Trade capture, exception management and service routing of trades to downstream systems along with adding and settlement of cash transactions to accounting Trade Instructions are either received STP through Markit EDM or uploaded manually or through Macros/EUC's to accounting for instructions received in generic mailboxes or SFTP folder from Client/FM's Diagnostics reports are run which includes investigation, handling any exceptions and query for Trade rejects within the PLA turnaround time The services include sending for Asset Set Up to GDS Team and resolving queries received in TLM platform.

Cash transactions are specific journals including expenses, fees, monthly interest & FXs Instructions are received from Internal teams, Clients, Brokers, Fund Managers, Transfer Agency and Custodians The Team is also responsible for timely Cash Monitoring, Input of Journals, OD investigation and notification to FM, re-imbursement and payments, monitoring balances, Cash projection reporting and writing off of small residual balances Transaction Management comprises of both Mena & UK jurisdictions The Opportunity: Impact on the Business/Function

• To support rollout of new products/ activities within Trades.
  
  
• Engage and drive efficiencies and business solutions through automation and be an agent of change Assist and participate in the deployment of defined business solutions to remove manual processes
• Active participation and support of migration / re-migration of funds
• Support department initiatives, regulatory, compliance and reduce risk
• Formulate and implement robust control mechanism to eliminate risk (if any)
• Successful implementation of all process/department level initiatives.
  
  
• Adherence to all project /migration timelines

Customers / Stakeholders

• Review the Postings/uploads and ensure all downstream/ BP queries are responded in a timely manner
• Perform maker activities as and when required
• Handovers are in place and all files are checked and there is an Escalation Matrix in place and followed diligently
• Act as the primary contact for Business Partners and downstream teams in relation to any query related to reconciliation/posting.
  
  
• Act as a backup for the Manager in his absence and manage operations
• Develop and maintain relationships with internal customers & business partners through timely communication and BAU Calls
• Adhere to defined process KPIs and PLAs
• NIL BP Complaints All BP/Stakeholders queries and open items to be responded to/raised in a timely manner.
  
  

Leadership & Teamwork

• Ensure continuous process related updates are cascaded to the fund administrators on an on-going basis
• Undertake/conduct trainings/cross training for all staff including existing and new staffs and monitor the same in an ongoing basis
• Perform any additional responsibilities that may be required by the Supervisor in support of the on-going management and development of the division
• Perform UAT testing as and when required
• Being proactive in identifying root cause for process related challenges and share qualitative resolution.
  
  
• Be flexible to adopt in different working environment with counter parts across the globe
• Responsible for improving the team's overall quality, productivity and communication
• Contribute towards building an enthusiastic and motivated team
• Demonstrate HSBC Group Values and principles
• Initiatives to demonstrate the application of HSS six principles in the day to day work environment
• Participation and support provided to initiatives taken by other team members/teams
• Improving service delivery trend for the team
• Individual initiative and level of engagement / participation / collaboration

Operational Effectiveness & Control

• To maintain HSBC internal control standards and support internal/external reviews including the timely implementation of audit points.
  
  
• Ensure Trades operating procedure is followed with management and assessment of risks (if any)
• Identify and reduce manual processes for enhanced operational 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
• Complete all Mandatory trainings as and when required and IOC for captured roles
• Ensure timely follow up on the open & outstanding issues that hinder the valuation.
  
  Ensure, Escalation Matrix is followed as per agreed for both BP & SSO Kolkata
• Demonstrate actions to adhere compliance to the mentioned controls
• Nil breaches in all group and risk policy Audit, BRCM and Compliance reviews rated as 'satisfactory'
• Complete all mandatory training on time.
  
  
• Ensure process notes are updated

What you'll do:

• The role will require technical excellence to achieve target deliverables combined with the ability to get work done
• from administrators to achieve target KPIs
• Multi-tasking with ability to independently prioritize workload without impacting deliverables
• Provide support for seamless re-migration, on boarding of new business and funds in line with Global Operating
• Model
• The role will demand a daily balance of delivering an excellent client service within the standard Trade Processing
• model, of promoting continuous improvement of the processes and of identifying and capitalizing opportunities to
• create capacity and generate efficiencies
• The major challenge for this role is to continuously deliver within the specified time limit with minimum or no errors.
  
  
• The individual will have to complete all the activities for the all the allocated clients for self and fund administrators
• within the set time limit and ensure that the Trade Processing sign-offs are sent to the stakeholders within the agreed
• PLA parameters
• The individual needs to drive process improvement initiatives within the team and communicate with the team and
• other downstream to achieve the same
• The individual needs to be flexible to work shifts and respond to additional business need if required
• Be flexible to adopt in different working environment with counter parts across the globe
• Role will be of individual contributor nature and will not have team reporting to the role
• The role will operate within the orbit of the Investment Operations Shell of Funds service's strategic plan.
  
  
• The role will interface with all other Market & Securities Departments and with HSBC global offices as appropriate
• Role will require deputizing for the Manager whenever required
• 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
• This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring
• Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.
  
  
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls This will be achieved by
• adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of
• internal and external audit points, including issues raised by external regulators
• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of
• Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer The term 'compliance'
• embraces all relevant financial services laws, rules and codes with which the business has to comply
• This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity.
  
  Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators

Requirements What you will need to succeed in the role: Applicant should have a Bachelor's/Master's degree in commerce/Finance

• 1- 3 years of Funds administration experience
• Excellent knowledge of Capital Markets and Financial instruments
• Excellent knowledge of accounting principles
• Clear understanding of the Trade Life Cycle
• Profiency in working knowledge of A&V, Trade Processing, Reconciliation platforms , viz.
  
  sICON/ Geneva/Multifonds/ Markit EDM/TLM
• Basic knowledge in custody, brokerage, depository, investment accounting, mutual funds and reconciliations
• Possess good analytical and problem-solving skills
• Proficiency in EXCEL essential
• Ability to speak and understand English
• Excellent interpersonal and team work skills
• Organized and detail oriented.
  
  
• Demonstrates ownership of tasks and escalates to management when appropriate
• 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 haveOther/Additional relevant industry qualifications

• RB usage experience preferred.
  
  
• Understanding of the overall E2E Investment Operations and A&V process
• Excellent customer service and communication skills

Link to Candidate User Guide:(Or) Go to the below link and type 'IND GSC : IJP Applicant User Guide' in search bar You'll achieve more at HSBC 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 .

Issued By HSBC Electronic Data Processing (India) Private LTD

Hsbc is looking for .

Hsbc is looking for Any Graduate / Post Graduate profile candidates.