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vice president – fund administration in chennai mumbai

randstad india
position type
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chennai mumbai
Banking & finance
position type
reference number
randstad india

job description

vice president – fund administration in chennai mumbai

VP-Fund Administartion 

Position Purpose This role being recruited for is a very senior high profile position, which will involve working closely with the current Head of Fund Administration Operations. The candidate for this position will be responsible for Fund Accounting Operations at Mumbai Responsibilities Direct Responsibilities

 § He / She will be expected to oversight the operational areas for team of 60 - 100 FTEs.

§ The Candidate will be expected to work closely with FA Business Senior Management and Senior Managers within FA as well across Securities Services location/s to support ops transformation and business growth

 § The role requires very strong Organizational and People Management skills

§ Solid technical understanding of Fund Accounting / Fund Services functions is expected.

§ 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 senior management within Fund Administration Operations and AVPs/Senior Manager/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 APAC.

§ The position interfaces with International Team Members of our Group 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 Contributing Responsibilities Direct involvement in integrating new business & actives that will be transferred from other BP2S locations/Chennai to Mumbai in the coming months and years.

•Grow the Mumbai team according to plans

•Develop strong working relationships with a network of counterparts in other Securities Services Locations and senior Management. APAC Job Description Template – November 2018

•Ensure high level of communication network is established will all the departments within the business group to promote team stability with enhancement of expertise at Mumbai

•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 our Group.

•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 to develop Mumbai as SME centre at par with Chennai GSO.

•Prioritise 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

•Knowledge of specific our/Securities Services Control processes and tools

•Process to maintain and update Key/Standard Operating Procedures for each process migrated to Mumbai.

•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 15 years plus experience with at least 10 years+ in FA Domain

§ Big number hiring experience with rich people management experience for big size diversified team

§ End to End exposure in Fund Accounting Stream with knowledge of Mutual Fund, Pension Fund, Hedge Fund Accounting

§ 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 and Dual office set up knowledge

§ 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.


Fund accounting