Asst VP tFund Accounting,MNC Financial Services,Mumbai & Chennai

Job Description

Urgent requirement for a Asst Vice President - Fund Accounting for a Leading MNC Securities Services Co in Mumbai & Chennai This role being recruited for is a very senior high profile position, which will involve working closely with the current Head of Hedge Fund Services Operations. The candidate for this position will be responsible for Hedge Fund Accounting Operations Responsibilities Job Description - He / She will be expected to run the operational areas on a day to day basis for team of 25 - 35 FTEs. - The Candidate will be expected to work closely with HFS Business Unit Head and Managers within HFS as well across Securities Services locations to support ops transformation and business growth - The role requires very strong Organizational and People Management skills - Previous experience of running a large Operational area on an International basis is essential. - Demonstration of commitment to continuous process improvement is required. - The Candidate will report to the Head of Hedge Fund Administration Operations and Managers would be reporting into this position. - The position interfaces with other Senior Managers, Business Analysts, Business Managers, Relationship Managers, Clients and other Securities Services Offices in Europe and Asia. - The position interfaces with International Team Members of the organisation and its Clients or Vendors - Effective and Strong Communication Skill required for this leadership role - Candidate should preferably have exposure to client presentation for new business bid - Ensure all the documentation is in place w.r.t Risk mitigation and Control. - Ensure all Audits are managed properly and zero findings reported. - Prioritize the work and conduct investigation with due diligence on all the discrepancies. - Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner. - Ensure all the necessary training is been provided to the team members to perform the relevant tasks. - Strictly adhere to Key Performance Indicators for the process and achieving the same on a regular basis. - Closely work with business head to achieve the management objectives set for the business Role & Responsibilities - Work on strategic development projects for business transformation, etc. - Prepare monthly reports on the team performance and present to Management. - Solid technical understanding of Fund Accounting / Fund Services functions is expected. - Direct involvement in integrating new business & actives that will be transferred from other BP2S locations to Chennai in the coming months and years. - Grow the Chennai team according to plans - Develop strong working relationships with a network of counterparts in other Securities Services Locations and senior Management. - Ensure high level of communication network is established will all the departments within the business group. - Ensure that, client issues/concerns are addressed and resolved within the agreed timelines. - Ensure high level of service has been delivered to the Clients -Ensure all the deliverables of the process are met and maintained as per the service agreement. - Defining the Key Performance Indicators for the process and achieving the same on a regular basis. - Ensuring the delivery of quality services to clients with consistent green KPIs - Manage and reduce operational risk, error costs must not exceed 1% of NBI - Continue to develop a strong layer of Middle management and succession planning - Prioritize the work and conduct investigation with due diligence on all the discrepancies. - Manage staff to take corrective measures/actions. - Delegating the tasks to the Senior Managers and other team members. - Ensure all the necessary training is been provided to the team members to perform the relevant tasks. - About 10+ years of Audit, Control, Risk or similar experience, in banking industry preferred - Process to maintain and update Key/Standard Operating Procedures for each process migrated to Chennai Hub. - Continue to ensure sufficient Risk & Control process are in place - Continually working towards process improvements and efficiency savings and optimisation of costs Candidate Profile - Overall 15 years plus experience with at least 10 years+ in FA Domain - End to End exposure in Fund Accounting Stream with knowledge of Hedge Fund Accounting, Pension Funds, etc. - Basic knowledge of upstream teams like Middle office, Pricing, Corporate Action, TA etc. - Interest and Experience in FA Operational Transformation - Business Migration Expertise - Must have handled Business Continuity Exercises - Resources Hiring and Training Skill - Internal and External Audit Management - Re-engineering of Legacy Processes - Adequate understanding of FA System Data Flow - Be able to express ideas effectively in individual and group situations - Ability to work in an organized manner. ,

Keyskills :
peoplemanagementskills keyperformanceindicators continuousprocessimprovement environmentalimpactassessment hedgefundaccounting dataflow newbusiness duediligence middleoffice pensionfunds fundservices externalaudit fundaccounting riskmitigatio