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 quick-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 (Mumbai)
🏢 InCred Wealth
📍 Mumbai