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7 Assistant Manager Operations Jobs in Mumbai

Assistant Manager Operations

2-3 years

Mumbai

1 vacancy

Assistant Manager Operations

HSBC Group

posted 1mon ago

Job Description

Some careers open more doors than others.

If you re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

Business Descriptor:

We are currently seeking a person to join the Fund Administration team (FS) within Securities Services. Securities Services provides robust and reliable solutions that enhance performance and mitigate risk, today and in the future. Working with institutional investors, banks, insurance companies, governments and multinational corporations, Securities Services offers a range of fund administration, global custody, sub-custody and clearing services. Management with a focus on customer-centric propositions and innovative and efficient distribution channels.

Job Introduction

Role Purpose :

  • The primary purpose of this job is to assist in providing fund accounting services to domestic clients (Mutual funds, Insurance companies, PMS clients and Alternative Investment Funds).
  • Maintain and enhance working relationship with internal sections.
  • SME (Subject Matter Expert) for the respective area of Operation.
  • Assist the line manager in implementation of longer-term strategic vision for the operations unit. This includes testing and implementing system changes.

Principal Accountabilities:

Impact on the Business / Function

  • Security Master Setup Requests & Corporate Action processing: To ensure accurate tracking and creation of security masters/ corporate actions on system and escalation of issues / mismatches appropriately
  • Reconciliations: Reconciling stock positions and cash transactions between custody and FA books on a periodic basis.
  • Billing & MIS Reporting: Generation/preparation of various client bills and regulatory reports as per prescribed formats and timelines.
  • Process and Productivity Improvement - Contribute towards cost saving / revenue enhancement initiatives for the business by automating the manual processes thereby improving the productivity

Customers / Stakeholders

  • Ensure Operational Memorandum & Client SLAs are met at all times. Ensure that all new Client requirements are accepted if feasible.
  • Explores avenues for service improvements and provides value-adds to clients on an ongoing basis.
  • Tracks competitors with respect to service proposition, value-added services, best practices etc.

Leadership & Teamwork

  • Ensure consistent teams performance, ideal work environment for individual learning and development
  • Demonstrates improvement in process efficiencies and productivity for the team & Increased automation of manual processes, process reengineering and design and creating opportunities for staff to learn & grow.
  • Stimulates effective team work and maintaining high team morale / job satisfaction

Operational Effectiveness & Control

  • Ensure error-free and efficient operations across all clients as well as adherence to defined DIBS / process notes and diligently following the daily checklist put in place. To put in tools / triggers to monitor performance as per the defined process notes and checklist on an ongoing basis. No instance to be observed where any process deviation / exception has taken place that has resulted in negative impact for the client or HSBC.
  • To manage operational risk, including its identification, assessment, mitigation and control & Assess operational gaps / inefficiencies which could lead to frauds and lapses.
  • Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring. . Maintain and ensure due observance of HSBC Internal Control Standards, including the timely implementation of recommendations made by internal / external auditors and external regulators. Ensure awareness of compliance requirements and implementation of Group Compliance Policy. Maintain awareness of operational risk including its identification, assessment, mitigation and control, loss identification and reporting
  • Implement Global Standards

Requirements

Qualification:

Applicant should be a person having sound knowledge of financial accounting

Preferably a Bachelor of commerce degree (Specialized in accounting).

An exposure to capital market would be an added advantage.

He should possess at-least 2-3 years of work experience.

Minimum Graduation or as required for the role, whichever is higher

Key challenges :

  • Ensure accurate tracking and creation of security masters/ corporate actions on system. Reconciling stock positions and cash transactions between custody and FA books on a periodic basis. Therefore, he/she would need to strictly adhere to the internal control procedures.
  • The processes involved are extremely tight on timelines. Therefore, the job-holder will need to manage all processing within the prescribed timelines.
  • There are frequent changes in terms of regulatory / client requirements. The job-holder will therefore need to adapt to changing processes.

Useful Link

Link to Careers Site: Click HERE

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.


Employment Type: Full Time, Permanent

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What Assistant Manager Operations at HSBC Group are saying

4.3
 Rating based on 49 Assistant Manager Operations reviews

Likes

Learning & Growth Opportunities

  • Salary - Excellent
  • +6 more
Dislikes

Workplace Politics and Groupism

Read 49 Assistant Manager Operations reviews

Assistant Manager Operations salary at HSBC Group

reported by 205 employees with 4-16 years exp.
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₹4 L/yr - ₹12 L/yr
15% more than the average Assistant Manager Operations Salary in India
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What HSBC Group employees are saying about work life

based on 4.8k employees
65%
84%
74%
83%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

HSBC Group Benefits

Submitted by Company
Pay and benefits
Flexible working
Career development
Submitted by Employees
Free Transport
Health Insurance
Cafeteria
Work From Home
Soft Skill Training
Job Training +6 more
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HSBC Group Mumbai Office Location

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Mumbai Office
HSBC, 52/60, MG Road, Fort Mumbai
Maharashtra 400001

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