Job DescriptionRole Overview

NInCred EM Multi-Strategy Credit Fund (IEMMSCF) is an emerging market credit hedge fund with a strong Asian bias, managed by InCred Global Wealth Pte. Ltd. — a MAS-licensed entity based in Singapore. The fund invests in performing debt obligations of EM and Asian borrowers, trading a broad set of instruments spanning investment grade and high yield bonds, CDS, TRS, interest rate derivatives, credit ETFs, futures, and performing private credit loans, working with a prime broker and 20+ trading counterparties across the Americas, Europe, the Middle East, and Asia Pacific.

The fund is targeting a launch in July/August 2026.

NWe are seeking an experienced and meticulous Operations & Settlement qualified to own the entire Middle Office and Back Office function of the fund. This is a Mumbai-based role supporting Singapore-headquartered Portfolio Manager and COO. You will be the operational backbone of the fund — responsible for ensuring every trade is confirmed, every position is reconciled, and every process is documented and continuously improved.

NThis is not a process-following role. It is a process-building role. The fund is in its build phase and you will be expected to design, implement, and constantly enhance the operational infrastructure of a fast-growing credit hedge fund from day one. Zero operational failures and zero audit findings are the standard — not the aspiration.

NJob Description:

N1. Trade Confirmation & Settlement

N- Own the end-to-end trade lifecycle for all instruments: cash bonds, CDS, TRS, interest rate futures and swaps, options, credit ETFs, futures, and private credit loans

N- Confirm all trades withcounterparties via Bloomberg, MarketAxess, TradeWeb, and bilateral channels on trade date;

resolve any mismatches within defined SLAs

N- Monitor settlement status across DTC, Euroclear, and Clearstream;

proactively escalate and resolve failed settlements

N- Liaise with the prime broker, custodians, and trading counterparties on settlement queries, corporate actions, and financing events

N- Maintain a complete, auditable trade blotter for every executed transaction

N2. Reconciliation — Positions, Cash & NAV

N- Perform daily reconciliation of positions and cash balances against prime broker reports, custodian statements, and fund administrator records

N- Reconcile internal books against confirms and statements from all 20+ trading counterparties





N- Investigate and resolveall breaks within 24 hours;

maintain a live break log with root-cause analysis and resolution status

N- Conduct month-end reconciliation and sign-off with the fund administrator to support NAV computation

N- Coordinate with the fund administrator on accruals, management and performance fee calculations, and investor-level allocations across Share Classes A, B, and C

N3. Middle Office — Risk &Exposure; Support

N- Maintain real-time position data in TS Imagine, the funds Portfolio and Risk Management System (PARMS);

ensure it reflects confirmed and settled positions at all times

N- Support the Portfolio Manager with P&L; attribution, exposure reporting, and risk metric monitoring —including DV01, CR01, single-name and single-issuer limits, and NAV caps on private credit and non-core geographies

N- Monitor all risk framework limits and flag any breach immediately to the Portfolio Manager

N- Prepare daily, weekly, and monthly MIS reports for the Portfolio Manager and COO

N- Support margin and collateral management for CDS, TRS, and repo financing

N4. Private Credit Operations

N- Manage the operational workflow for private credit transactions: loan drawdowns, interest payment tracking, principal repayments, and covenant monitoring

N- Coordinate documentation flow — term sheets, facility agreements, and side letters — with legal

Ncounsel and counterparties

N- Ensure private credit positions are accurately reflected in fund NAV and administrator records at all times.

N- Monitor private credit concentration against the NAV cap

N5. Financing & CollateralManagement

N- Manage the prime brokerfinancing relationship: repo lines, margin calls, stock borrow for short

Npositions, and rehypothecation tracking

N- Ensure all repo and financing trades are confirmed, rolled, and terminated accurately and on time

N- Monitor daily margin requirements and communicate margin events to the Portfolio Manager

Nproactively

n6. Process Design & Continuous Improvement





N- Design and document alloperational procedures from the ground up — this is a build-phase role and no playbook yet exists

N- Proactively identify process gaps and implement improvements before they become failures

N- Own the build-out and ongoing administration of TS Imagine as the fund's PARMS — including position feeds, risk limit monitoring, and reconciliation workflows

N- Develop exception management workflows, control checklists, and escalation procedures that scale with AUM growth

N- Author and maintain thefund's Operations Manual — a living document covering every workflow, system, counterparty procedure, and control;

review and update it atleast quarterly and after any material change in process, system, or counterparty

N7. Compliance & Audit Readiness

N- Maintain all records ina manner that is always audit-ready — without exception

N- Act as the primary operations contact for internal and external auditors;

support all audit processes end-to-end

N- Maintain KYC/AML documentation for all trading counterparties and coordinate periodic renewals

N- Assist with regulatory reporting obligations applicable to a MAS-regulated fund management entity

N- Ensure adherence to allfund terms: lock-up periods (36/24/nil months by share class), redemption notice requirements, and AUM cap mechanics for Class A

NRequirements:

NExperience & Skills

n- 5–10 years in operations, settlements, or middle office at a hedge fund, asset manager, or fixed income prime brokerage

N- Deep understanding of the full trade lifecycle for fixed income instruments: corporate bonds, CDS, interest rate derivatives, repos, and structured credit

N- Hands-on experience reconciling positions and cash against prime broker and fund administrator

Nreports daily

n- Proficiency with TS Imagine (the fund's PARMS) or demonstrated experience with comparable institutional portfolio and risk management systems;

ability to get up to speed on TS Imagine quickly if not already familiar

N- Working knowledge of settlement mechanics across Euroclear, DTC, and Clearstream

N- Familiarity with ISDA/CSA documentation, variation margin, and collateral management

N- Experience with Bloomberg and MarketAxess for trade matching and confirmation

N- Prior exposure to private credit operations: loan administration, drawdown tracking, covenant

Nmonitoring

📌 Operations & Settlement Manager (Alibag)
🏢 InCred Wealth
📍 Alibag