Supervisor Accounting and Valuation Traditional Funds

HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories.

HSBC provides a comprehensive range of financial services through three global businesses: Retail Banking & Wealth Management; Commercial Banking; Global Banking and Markets; and Wealth & Personal Banking.

The HSBC Group in Luxembourg is a significant employer and operates several businesses including asset management, securities services, private banking and corporate banking.  

For our securities services activities, we are currently looking to recruit a:

Supervisor Accounting and Valuation Traditional Funds
Permanent contract

Role and Responsibilities:

Reporting to the Assistant Manager A&V Traditional Funds, you will work with a multinational team of Supervisors and Senior Fund Accountants dedicated to the review and validation of daily and non-daily Net Asset Valuations.

You will be responsible to supervise any Senior Fund Accountants assigned to your team as well as the supervision and oversight of the various off-shored accounting functions.

You will be responsible for the validation and timely release of the above-mentioned Net Asset
Valuations calculations and related valuation reporting.

As part of the A&V Traditional team, you will continuously strive to enhance the operating model and enforce our control environment with the aim of mitigating and controlling our risks. You will also participate in the production and presentation of the internal reporting for our control and oversight committees.

You will be a primary point of contact for clients in regards to all Fund Accounting related
queries and ensure the highest level of service is provided for the clients assigned to you. You will ensure the identification and prompt reporting of potential gaps and risks that may affect the Group, the clients and the Bank.

In addition, you will provide assistance to superiors in delegated projects/tasks as well as
assisting both the internal and external auditors during the funds and the banks reviews.

Strong collaboration is required with other teams within Service Delivery as well as
other functions within the bank to provide the best possible service to our clients. This
collaboration will include the support and participation to internal and external client meetings, provision of Key Performance Indicators (KPIs) and other forms of reporting.

In the role, you will:

• Be responsible for the oversight of the production, accuracy and timeliness of net asset value calculations and valuation reporting release of all assigned Funds.
• Assist the Assistant Manager/Manager in delegated tasks/projects (fund implementation, restructuring, launches, liquidations or other departmental projects).
• Assist with client contacts, and ensuring that all relevant client issues are resolved satisfactorily, within agreed procedures/guidelines.
• Ensure the identification and prompt reporting of potential gaps and risks that may affect the Group, the clients and the Bank.
• Ensure integrity, accuracy and timeliness of deliverables.
• Provide support and guidance to offshore teams in order for the service delivery to be met.
• Ensure procedures and controls are followed.

Experience and skills required:

• Professional accounting qualification or equivalent relevant business qualification.
• At least 5 years’ experience in fund accounting, ideally in Net Asset Value calculations of daily funds.
• Strong technical knowledge of fund accounting, pricing, financial instruments and fund valuation processes.
• Experience in streamlining, developing and adapting processes to business, clients and regulator’s requirements.
• Ability to monitor onshore and offshore functions to ensure green KPIs are met.
• Strong communication and commitment to ensure quality and timely response of client and third parties queries.
• Ability to support business process re-engineering, identify areas of improvements.
• Experience working with Linedata ICON, pControl, is an advantage.
• Good understanding of fund structures.
• Comprehensive knowledge of Luxembourgish funds regulations.
• Ability to communicate clearly and accurately with both clients and colleagues.
• Fluency in English, both written and oral. A second European language such as French is also an advantage.

If you’re looking for a career where you will be respected as an individual and valued for the contributions you make, please send your application letter and curriculum vitae (in English)  and discover how diversity drives our success. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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.

Please note that due to the volume of applications received, we will acknowledge your application only if we wish to proceed to interview. If you have not received a response within 4 weeks your application has not been successful.

Please also note that every selected candidate will have to provide us with a valid criminal record check in due time.

For any GDPR request, please send it to: lux.data.privacy@hsbc.com