Specialist Fund Accountant

Responsibilities: Strategy

• Awareness and understanding of the Group’s business strategy and model appropriate to the role. Identify opportunities for business growth and development, working closely with management to drive new initiatives
• Critical success factors include the ability to work with stakeholders within and outside the bank, a good business understanding, an expert appreciation of Fund service and a pro-active attitude in managing key risks

Business

• This role requires a high level of expertise in Fund accounting. In addition to local Fund accounting the individual will require industry knowledge
• Work closely with internal teams and external stakeholders to ensure the effective and efficient delivery of daily NAV’

Processes

• Accountability: Fund Services client onboarding
• Work closely with client/sales/product in finalizing the PPM/FASA and SLM
• Liaising with the implementation/Sales team on the onboarding of new Fund service clients
• On-boarding of Fund Service clients in SeCCure and in Multifonds via the hub (GBS MY)
• Communicate with Data Management team and GBS MY on any new onboarding of funds.
• Communicate with Data Management team and GBS MY any new instruments bought into the fund.

Accountability: Fund Services NAV process

• Daily reporting of fund accounting and transfer agency transactions to GBS IN and GBS MY
• Liaise with GBS IN for the timely delivery of the NAV report and ensure accuracy.
• Liaise with GBS MY for timely delivery of TA transactions.
• Liaise with GBS Compliance MY for timely delivery and compliance monitoring, and performance Reporting.
• Ensure the processing of client payment with proper approval without breaches of Group payment policy, and other guidelines.
• Follow up with client on the NAV approval.
• Review the generic email address of Fund Services and ensure all client queries are responded on the same day.
• Analyze and investigate all Bank reconciliations items received from GBS IN daily. Communicate corrective action on outstanding’s
• Analyze and investigate all Holdings reconciliation breaks received from GBS IN daily. Communicate corrective action on breaks.
• Liaise with auditors and GBS MY on the timely completion of client financial statements.

People & Talent

• Ensure the ongoing training and development
• Set appropriate tone and expectations from the teams (Hub) and work in collaboration with risk and
• control partners and have weekly hub meetings.
• Take responsibility for actions and accept Fair accountability.
• Team player
• Display innovation

Risk Management and Governance

• Do a total review of the processes and reduce the manual workarounds by focusing on automation.
• Review the existing processes and suggest best practices which can be implemented across the group
• No audit failures. Ensure all audits are cleared satisfactory without any major finding.
• During scheduled audits and management assurance reviews, ensure that all information required by the auditors are provided timorously.
• For Audit findings that have an impact on the area understand what actions are required to close out findings, implement required actions
• Detailed and robust plan to handle contingencies arising out of system breakdown, infrastructure.
• breakdown, unexpected spike in volume, massive attrition, unavailability of service provider
• Ensure that there are no material operational risks.
• Review operational procedures to address key gaps leading to operational losses
• Review DOI/Checklists on a quarterly basis and amend as appropriate.
• Ensure full compliance with the Fund Services regulations at all time
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Ensure timely completion of all mandatory risk and compliance training, including e-learning by the set deadlines
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Contribute to a culture in which all stakeholders feel safe to raise concerns and where risk and compliance matters are addressed, and misconduct appropriately dealt with.
• Prompt and decisive action when any risk and compliance weaknesses become apparent, addressing, them in an appropriate timeframe, escalating where necessary, having carefully understood what happened and why.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

Key Stakeholders

• Clients / Fund Manager
• Auditors
• Custodians
• Securities Services GBS Hubs- Staffs all level
• FSS Product & Sales, CCIB Operations
• Operational Risk
• Compliance

Other Responsibilities

• Embed ‘Here for good’ and SCB’s brand and values.
• Perform other responsibilities assigned under SCB, Country, Business or Functional policies and procedures;

Qualification

• Degree in Finance/business
• 1-2 years’ experience in investment administration and accounting
• 2 years Custody experience

Role Specific Technical Competencies

• Fund Accounting Understanding, and industry knowledge
• Working with people
• Applying expertise and technology
• Analyzing
• Delivering results and meeting customer expectations