Assistant Vice President New Business Implementation – Fund Services recruitment
HSBC Securities Services
HSBC Securities Services (HSS) provides comprehensive global, regional and domestic fund services including fund administration, global custody, corporate trust and loan agency and sub-custody settlement and services to the international asset management industry. Singapore is one of the leading centres for the HSS business, and HSBC has a major market share and services most fund managers in Singapore.
Leading services include complex accounting, valuation and web-based investor services for traditional funds, hedge funds, fund of funds and private equity funds; trustee and depositary services; performance consultancy services to institutional and corporate clients worldwide as well as cash management, foreign exchange, securities lending, corporate trusteeship, issuing and paying agency services, management and corporate secretarial, compliance and regulatory reporting.
HSS is split into three divisions, namely, Fund Services, Custody (CNC) and CTLA (Corporate Trust Loan Agency)
Principal Accountabilities
Reporting into Head of Client Services Implementation, the incumbent will be required to project manage a new fund/client take on and to implement a new fund/client within scope, time and budget. This involves, reviewing fund documents to prepare accurate Point Summary for fund set up, working with operation teams in Service Delivery and Transfer Agency to ensure proper delivery, follow up with legal and clients to resolve any outstanding issues. Preparation also includes working with Service Delivery to open the securities and cash accounts, and working with Client Services to prepare and send accurate Operating Memorandum to clients.
• Assist to provide strategic input to grow the business, improve efficiency and mitigate risks
• To project manage the whole implementation process from fund documents review to actual fund launched by client services
• Prepare periodically report to management and project team.
• Review documents received ensuring compliance to the New Business Acceptance Procedure
• Identify new risks areas not cover by existing procedures, make recommendation and implement new steps to mitigate risks
• Evaluate and sign off that all new funds meet our due diligence tests
• Prepare periodically reporting to management and project team
• Ensure fund documentation is consistent with our operational activities
• To act as an effective bridge between legal and our clients to ensure agreements are reached
• Prepare accurate Point Summary to enable proper client set up and delivery
• Prepare Implementation plans in time and ensure execution of same
• Ensure compliance with legislation, trust deed, policy and procedures
• Resolve complaint, error and concerns and ensure non recurrence, develop and motivate staff/ team mates
Skills/Attributes Required
• University Graduate with 8 – 10 years of relevant experience
• Strong operational experience is highly preferable;
• Strong interpersonal and project management skills coupled with excellent client facing and negotiation skill;
• Ability to provide professional guidelines and advice to clients on operational issues of unit trust business;
• Excellent written / oral communication skills with problem solving attitude and client focus;
• Sharp Analytical skills to enhance procedures and controls;
• Able to work under pressure and meet deadlines;
• Willing to change and be proactive to drive change;
• High integrity and professionalism
We encourage you to make applications through HSBC Career website. Job Reference # 000020JL
https://hsbc.taleo.net/careersection/external/moresearch.ftl?lang=en_GB