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 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. 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 fast-growing credit hedge fund from day one. Zero operational failures and zero audit findings are the standard — not the aspiration. n 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 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 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 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 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 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 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 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