Manager Accounting & Valuations

Job description

Role Title: Manager Accounting & Valuations

Business: Operations

New or Existing Role? Existing

Grade: GCB5

Role Purpose

· To ensure all service delivery output from Accounting & Valuations is completed to agreed quality and timing targets.
· The job holder will be proactive in interfacing with other functional areas within HSS to ensure that the information/data flow between areas is maintained. The jobholder will also develop client relationships, and interact with many other external parties such as custodians and trustees.
· The job holder will also be heavily involved in project work either in a support capacity to the business or leading an internal department project.

Key Accountabilities

Impact on Business

· Management of Product Delivery/Service Changes

· Review and authorise valuation and unit price calculations.

· Ensure that a high standard of service is provided to clients and coordinate any service changes, including new business, to ensure that they are managed effectively with minimum disruption for clients.

· Manage User Acceptance of new/upgraded software as required, under guidance of Business Support

· Manage resources and procedures effectively. Ensure that all staff are aware of the service to be provided and that they follow procedures and controls at all times.
· Measured through:
· Key Performance Indicators for services
· Resource statistics
· Client feedback
· User Acceptance Projects
· Client relationships/Third Party Relationships
· Develop and maintain a good working relationship with client contacts and third parties such as trustees and custodians.
· Measured through:
· Client and third party feedback

· Man Management

· Manage the allocated Accounting and Valuations team, ensuring that the department objectives are achieved, and develop an enthusiastic and motivated team.
· Ensure that all team members receive the appropriate training and development. Communicate individual objectives to all team members, and monitor their progress/performance against those objectives, conducting regular appraisals on a formal and informal basis.
· Measured through:
· Success in achieving performance targets
· Resource statistics
· Management of Operational Risk
· Continually re-assess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
· Update and maintain all procedural documentation accordingly
· Ongoing attention to operational risks, reporting and audit requirements. Peer group discussions and adoption of best practice.
· Measured through:
· Breach and error statistics
· Key Performance Indicators for services
· Internal and external audit recommendations
· Model Office/Procedures Manual adherence and maintenance.
· Market Awareness
· Maintain an awareness of topical market issues, and in particular changes to pricing and accounting/tax requirements.
· Keep up to date with trade journals and technical announcements and identify where changes to current practices may be required.
· Measured through:
· Feedback from peers, clients and internal/external audit.

Role Context

· Fund Services provides Investment Administration and Performance Consultancy services to Investment Managers and Pension Funds worldwide, including potential services to other parts of the HSBC Group. Fund Services intends to set new quality standards in a competitive environment, to help attract and retain a blue-chip client base.
· Our clients operate in a highly regulated environment and it is of paramount importance that all internal controls and standard procedures are complied with at all times. Failure to comply could lead to financial penalties and damage to the Bank's reputation in the marketplace.
· The role involves contact with clients, staff and other external parties such as auditors and trustees and all such communication must be conducted in a client friendly manner to project a professional image in the market place.

The role is captured by the FSA Training & Competence scheme

Role Dimensions

· The jobholder will manage a team of staff responsible for providing a comprehensive Accounting and Valuations service to Investment Administration clients. A major part of the role is to review the work produced by the team for accuracy and completeness, ensuring procedures and service levels are adhered to, and recommending process improvements for a more efficient service.
· The jobholder has the authority to release valuations and unit prices to clients and third parties.
· The jobholder will deal with client contacts and is responsible for ensuring that all relevant client issues are resolved satisfactorily, within agreed procedures/guidelines. Any queries on policy must be escalated to the Head of Accounting & Valuations.

Management of Risk

· Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations, as well as having an excellent knowledge of the FIM.

Observation of Internal Controls

· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

· Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  Level 3 education qualification - University Bachelor or higher Degree; Associate Degree, Diploma or IOC Merit Award.
·  Threshold Competent.
·  Minimum of 2 years supervisory experience in securities industry.
·  Experience of dealing directly with external clients and third parties.
·  Thorough knowledge of Investment Accounting and Fund Administration.
·  Ability to build and maintain good working relationships with colleagues.
·  Ability to communicate effectively in writing and verbally.
·  Ability to plan and organise workload to meet deadlines, taking into account relative priorities.
·  Strong business sense and awareness of the key issues/risks within the Accounting and Valuations area.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies

We are an equal opportunity employer and are committed to creating a diverse environment.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview