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Head of Fund Services, Australia

4 weeks ago


Sydney, New South Wales, Australia HSBC Full time

Some career choices have more impact than others.

At HSBC we exist with the purpose of Opening up a World of Opportunity. We use our unique expertise, capabilities, breadth and perspectives to provide opportunities for our customers and colleagues through global connectivity. We bring together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

As an HSBC employee in Australia, you'll have access to tailored professional development opportunities, competitive pay, an embedded flexible working culture and a range of employee benefits. These include market-leading subsidised private health cover, enhanced parental pay and support when returning to work, subsidised banking products and services, bonus leave days and wellness programmes including discounted gym memberships.

HSBC Markets & Securities Services (MSS) provides robust and reliable solutions that enhance performance and mitigate risk, today and for the future. Working with institutional investors, banks, insurance companies, governments and multinational corporations, Markets & Securities Services offers a range of fund administration, global custody sub-custody and clearing services.

The Fund Services Team is a client focused business based across both Barangaroo and Parramatta, servicing Asset Owners and Asset Managers. Asset Owners consist of Life and General Insurance Funds, Sovereign Wealth, or Endowment Funds. Asset Managers manage Trusts including ETFs and/or Managed Funds.

The team has extensive interaction with external clients and internal teams across operations, funds and investment administration, Global Custody and other internal group functions such as product, technology and sales both locally and across the APAC region.

This high-profile role will provide you with a unique position incorporating unit pricing, fund accounting, tax and financial reporting services. You will be leading a united and client focused team through an exciting period of continued growth, providing opportunity for career development both within HSBC Australia and across our global network.

Your main responsibilities will include:

  • Full responsibility for fund accounting and tax services operations including working with senior stakeholders, clients, regulators and industry forums, applying a thorough understanding of valuation/pricing methodologies for products such as Trusts, ETFs, SIVs, Private Equity and Derivatives.
  • Actively managing a team of high-quality fund and tax accountants, including training, mentoring and ongoing feedback, ensuring continual professional growth and career development.
  • Ongoing stakeholder relationship management, involving regular interaction with clients, brokers, custodians, auditors and offshore service centres.
  • Partnering with the sales and business development teams to facilitate revenue growth.
  • Maintaining a fluid and efficient client on-boarding process with a keen eye for detail and service excellence.
  • Ensuring the timeliness and accuracy of both internal and external financial reporting, financial regulatory reporting, statutory reporting, and variance analysis.
  • Managing all operations, ensuring that Fund Accounting requirements are met including oversight, review and preparation of daily deliverables.
  • Business process re-engineering for risk mitigation, enhanced operational efficiencies, system implementations, fund launches and product development
  • Ongoing monitoring and improvement of risk and compliance controls.

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