Fund Accounting Manager

Standard Chartered Bank
Hong Kong, Hong Kong
Aug 13, 2022
Aug 19, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Role Responsibilities
  • Review and sign-off of Fund Accounting reports, Transfer Agency report or investment compliance reports or any ad hoc reports/confirmation to clients in accordance with Service Level Memorandum or agreement.
  • Authorize to sign off/approve the client's correspondences including approve email in outlook before delivery to external parties or payment arrangement or trade settlement arrangement.
  • Negotiation / discussion with clients on all Fund Administration related issues.
  • Authorize entries/set-up in relevant to Fund Administration, Transfer agent and Investment Compliance Reporting application platforms and approve the entries or master or schedule set up. If the entry is done by AFAM, then the entry has to be authorized by another AFA/FA Manager. Sign- off the audit confirmation.
  • Authorize the support team to put through entries in Fund Accounting application platform.
  • Updates global management in a timely manner on notable operational developments and issues in the region and drives the resolution of thematic client issues and process issues;
  • Role models a strong, collaborative business relationship between country operations and offshore team locations. Maintains strong lines of communication with hubs through periodic townhall meetings;
  • Supports "One Bank" through strong connectivity with support and sales functions and related businesses such as Transaction Banking and Financial Markets.
  • Responsible for reviewing and/or setting new client's ledgers and report format and structure in both mainframe general ledger system and FAICM and relevant TP reporting system.
  • Handle any ad-hoc projects, system roll-out and OAT review.
  • Provide operational comments/advise to the clients, fund managers, other services providers and Sales.
  • Identify operational inefficiencies and make recommendations to management for improvement.
People and Talent
  • To act as the local point of contact for assigned clients for fund administration service / FS client services (including fund accounting and/or transfer agency) issues and to coordinate with relevant Client Service Manager (if any) [relevant people on non-accounting report services I issues.
  • Provide hands-on advice, coaching and guidance to subordinates and oversight the support team in hubs. Identify problems and issues and discuss with Management with suggested solutions. Communicate with clients and other service providers relating to daily operational issues under supervision of Management.
Risk Management
  • Understands the main risks facing the Group and identifies, assesses, monitors, controls and mitigates accordingly;
  • Manages Operations Risk effectively, including identification, communication, and remediation of risks to the relevant forums;
  • Accountability - on audit review including full remediation/root cause analysis and execution for ops losses.
  • Proactively monitor changes in market and accounting standard, regulations and infrastructure and to provide comprehensive updates to team, Clients and Sales Team through regular service review meetings.
  • Embed the Group's values and code of conduct in countries and hubs to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes, and regulations;
  • Aligns the Operations agenda to global and regional business strategies, to global standards and the technology roadmap;
  • Actively participates as required in Regional and Global committee or working group meetings;
  • Reviews effective governance, oversight, and controls in the business and, if necessary, respectfully challenges unsatisfactory' arrangements and recommends changes;
  • Works with regulators in an open and co-operative manner upon the required approval.
Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group's Values and Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Ensure and monitor all FS daily activities such as cash & trade reconciliation.
  • Reviewing Portfolio Valuations, investment compliance reports or other reporting, as required.
  • To review the Net Asset Value (on a daily, weekly, monthly or other basis as agreed) and deliver service I reports to clients in accordance with requirement and timeline as agreed in Services Level Memorandum.
  • Ensure proper and accurate calculation and posting of management fee, expenses, performance fee...etc in accordance with Service Level Memorandum, and as appropriate the Fund Offering Memorandum.
  • Reviewing invoices and disbursing/arranging payments of fund expenses.
  • Establish in-depth knowledge of the funds' underlying documentation, investment rules, and regulations, KYC, AML, corporate secretary practices, IFRS and US GAAP.
  • Setup and review, approve for relevant reporting or static data.
  • Assist team leader in overseeing daily operational activities of the department including overall management of client portfolios and reporting (including to ensure they are in compliance with relevant regulatory requirements; attending client board meetings and takes minutes etc.).

Our Ideal Candidate
Proven Relevant Degree/Diploma level education, and/or at least 10 years of previous experience within Securities Services industry, including experience in the related fields of Controlling, Audit and Operations which require familiarity with regulations and banking policies with advisory capacity or function, particularly financial service/investment or asset management industry or Insurance's RBC reporting, and etc.
Market Knowledge:
  • Strong understanding of the wider business, economic and market environment in which the firm operates
  • Understanding of Fiduciary and Fund Services processes and key associated market risks
  • Proven track record to quickly get up to speed on new areas, concepts and products
Business Strategy and Model:
  • Strong understanding of the firm's business strategy and model appropriate to the role
  • Track record in delivering large change programmes and continuous improvements with strong project hygiene and transparency
  • Experience in developing, managing and refining strategy papers
Risk Management and Control:
  • The ability to identify, assess, monitor, control and mitigate risks to the firm. Also, an awareness and understanding of the main risks facing the firm and the role the individual plays in managing them
  • Financial Analysis and Control
  • The ability to interpret the firm's financial information, identify key issues based on this information and put in place appropriate controls and measures
Governance, Oversight and Controls:
  • The ability to assess the effectiveness of the firm's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas
Team Management:
  • Proven experience developing and managing a high performing team in similar functions and ability to apply to virtual team
  • Ability to inspire, lead and engage with people at all levels to deliver and drive change

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity , together with our brand promise, to be here for good are achieved by how we each live our valued behaviours . When you work with us, you'll see how we value difference and advocate inclusion. Together we:
  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
  • Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
  • Flexible working options based around home and office locations, with flexible working patterns
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
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