Job Description Role Overview:
n InCred 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.
n We are seeking an experienced and meticulous Operations & Settlement professional 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.
n This 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 rapid-growing credit hedge fund from day one. Zero operational failures and zero audit findings are the standard — not the aspiration.
n Job Description:
n 1. 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 with counterparties 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
n 2. 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 resolve all 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
n 3. 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
n 4. 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
n counsel 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
n 5. Financing & Collateral Management
n • Manage the prime broker financing relationship: repo lines, margin calls, stock borrow for short
n positions, 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
n proactively
n 6. Process Design & Continuous Improvement




n • Design and document all operational 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 the fund's Operations Manual — a living document covering every workflow, system, counterparty procedure, and control; review and update it at least quarterly and after any material change in process, system, or counterparty
n 7. Compliance & Audit Readiness
n • Maintain all records in a 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 all fund terms: lock-up periods (36/24/nil months by share class), redemption notice requirements, and AUM cap mechanics for Class A
n Requirements:
n Experience & 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
n reports 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
n monitoring

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