Fund Accountant Intern (Start ASAP)

About HSBC

HSBC is a multinational banking and financial services company that provides a wide range of banking products and services to individuals, businesses, and institutions worldwide. The company offers retail banking, commercial banking, investment banking, and wealth management services, among others, catering to diverse financial needs.

Your role

What you’ll do:

• The working environment is very professional and the incoming individual will have to meet the work-related challenges with the same zeal. To ensure that individuals can perform at the desired level, there will be process training & necessary guidance provided by the SME/Section Coach/Line Manager on an ongoing basis.
• Prepare accurate NAV packs, Stat Reporting, or Global Tax on a timely basis with expected quality.
• Responsible for ensuring quality pack deliverables for several portfolios of Alternate & Traditional funds, Stat reporting, or Global Tax
• Operate by departmental procedures, thereby ensuring compliance with PLA, FIM, and group policies on compliance/standards.
• The 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 damage to the Bank’s reputation in the marketplace.
• Implement key changes in the process and deliver continuous process improvement.
• Handling of queries from other departments & business partners.
• Engage with the internal customer through participation in the service calls, prompt & accurate reporting of KPI/issues/ prompt response to ad–hoc queries.
• Capture accurate and right data (ICATs, daily tracker, etc) for the MIS Role will be of an individual contributor nature and will not have a team reporting to the role.
• The role will operate within the orbit of the NAV Shell of Funds services and will require technical excellence to achieve target deliverables.
• The role will interface with all other MSS Departments and with HSBC global offices as appropriate. To maintain HSBC's internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Training & Development

During your internship, you will be challenged to use your talents and academic knowledge to add value to the bank and improve your professional and personal skills. You will receive practical training to complement your academic studies, embedding the values while growing your career. You will benefit from building your skills and banking knowledge in a real working environment and will be provided opportunities to take on responsibilities in a selection of interesting projects.

Benefits

Embarking on a journey with HSBC as an intern unlocks a treasure of perks and advantages, including:

• Monthly compensation
• Medical facilities
• Office facilities
• Real-work experience
• Professional network in the banking and financial services industry

Career Progression

HSBC is dedicated to cultivating a culture that values every employee, respects individual contributions, and places a premium on diverse perspectives. Their commitment extends to creating a workplace that prioritizes continuous professional development, offering growth opportunities, and embracing a flexible working environment. Whether through tailored professional development programs or a diverse range of growth opportunities, HSBC is committed to empowering its workforce to thrive in a dynamic and inclusive professional landscape.

Work-life Balance

HSBC offers hybrid working, allowing you the option to work from home as needed. HSBC's culture emphasizes flexibility, collaboration, learning, and well-being in both physical and virtual work environments, providing you the opportunity to enjoy a fulfilling personal life alongside your professional commitments.

Culture & Vibe

HSBC is committed to building a culture where all employees are valued, and respected and whose opinions count. HSBC takes pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment.

About you

What you will need to succeed in the role:

• Bachelor’s degree in accounting or other qualifications relevant to the accounting/finance industry.
• 0-3 years of relevant/accounting work experience.
• Excellent knowledge of Capital Markets, Financial instruments, Accounting, and its Principles.
• Basic knowledge of end-to-end products and processes, multiple markets, and regulations.
• Good Knowledge of Global Tax working papers will be preferred
• Proficiency in Excel is essential.
• Ability to Speak and understand English and communicate effectively.
• Good interpersonal, and teamwork skills, organized and detail-oriented.
• Ability to prioritize and work in a pressured environment.

What additional skills will be good to have?

• CA/ ICWA/ CS / PGDBM/MBA in Finance or CFA (D) preferred
• End to End-to-end fund Accounting / financial reporting Knowledge and regulations about the fund services industry will be an added advantage
• Knowledge in custody, brokerage, depository, investment accounting, mutual funds, and reconciliations in the Fund Industry will be an added advantage.
• Must be aware of the operational risk scenarios associated with this role and act upon pertinent risk (if any).
• Working knowledge of Bloomberg / Reuters, other reconciliation and accounting applications  used across the industry
• The life cycle of the NAV process
• Will be expected to maintain HSBC internal control standards, including the timely implementation of  internal and   external audit points, together with any issues raised by external regulators

Sources

The following sources were used in researching this page:

• hsbc.com
• hsbc.com/who-we-are/our-people-and-communities/inclusion/our-culture
• hsbc.com/careers/students-and-graduates/student-and-graduate-development
• youtube.com/@Lifeathsbc