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Avp Fund Accounting

2 weeks ago


Mumbai, India Riverforest Connections Full time

From 12 to 20 year(s) of experience
- ₹ Not Disclosed by Recruiter
- Mumbai, Chennai**Roles and Responsibilities**

**Position Purpose**
- **Direct Responsibilities**
He / She will be expected to run the operational areas on a day to day basis for team of 30 - 75 FTEs.
- 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 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 organization and its Clients or Vendors
- Effective and Strong Communication Skill required for this leadership role
- 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
- 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.
- **Contributing Responsibilities**
Direct involvement in integrating new business & actives that will be transferred from other locations to Chennai / Mumbai in the coming months and years
- Grow the Chennai / Mumbai 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 of the organization.
- 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 / Mumbai Hub.
- Continue to ensure sufficient Risk & Control process are in place - Continually working towards process improvements and efficiency savings and optimisation of costs
- **Technical & Behavioral Competencies**
Overall 13 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.
- Generate creative solutions to problems.
- Always looks for ways to improve services and processes.
- Be able to adapt to markets and clients evolution.
- **Specific Qualifications**:
Graduates / Post Graduates (M.Com/MBA Finance preferred)
- **Skills Referential**

**Behavioural Skills**:
Decision Making Critical thinking Attention to detail / rigor Personal Impact / Ability to influence
- **Transversal Skills**:
Ability to understand, explain and support change Analytical Ability Ability to manage a project Ability to anticipate business / strategic evolution Ability to inspire others & generate people's commitment- Role:_Investment