Job description

Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures. 

We are currently seeking a high calibre professional to join our team as a Vice President, Investment Services . 

Principal Responsibilities

  • Reporting into Head of Investment Services, co-lead in managing and overseeing in the area of Investment Services which cover Insurance General Accounts (GA) and Investment Linked Products (ILP)
  • Ensure compliance to the investment mandate and other regulations, and the adoption and implementation of sound internal controls that are in line with HSBC standards

Key Responsibilities

  • Anchor for General Account investment support including trade activities, collateral management oversight, inter-fund transfer activities and fee administration
  • Prepare and review documents covering multiple asset classes such as REITS, Private Equity, Infrastructure Debt, etc
  • Prepare and review portfolio account opening, fund manager transition and new fund manager onboarding
  • Fixed deposit support
  • Manage KYC and AML review as and when required
  • Agreements review and negotiation such as custodian-related and operating memorandum, ISDA and CSA
  • Oversee and prepare daily cash management and ensure sufficient funding and float
  • Support full lifecycle of ILP sub-funds’ coverage but not limited to trade order placements, settlements, NAV valuations and reconciliations
  • Ensure timely submission of internal, external and regulatory reports
  • Involve in both internal and external audit
  • Maintain and develop strong relationships with key stakeholders including the CIO, Investment team, product fund team, external fund managers, and other affiliated companies such as HSBC Asset Management
  • Mentor and coach staff on day-to-day matters

Business and Project Management

  • Lead and/or support major projects or business initiatives that are of relation to Investment Services and to work closely with both Group Insurance Investment Services and Project teams
  • Perform additional duties and special projects as assigned
Requirements
  • Candidate with 12 to 15 years’ solid experience in investment middle and back-office function preferably within Insurance or Asset Management industry
  • Educational qualification: University graduate. Additional professional qualification in Finance Accounting or Investment will be viewed favourably
  • Good knowledge in local regulations such as Monetary Authority of Singapore Notice 307 and Securities and Futures Act
  • Good understanding in investment instruments such as equities, fixed income, alternative investments and derivatives
  • Ability to work under pressure as well as tight deadline
  • Ability to prioritize and organize workload while working in an agile manner
  • Prepared to be hands-on and deliver high quality output
  • Comfortable and able to make sound decisions in conflicting environment
  • Strong risk and control mindset
  • Strong interpersonal and stakeholders’ management skills
  • Strong verbal and written communication skills
  • Able to work under minimal supervision and deliver quality output

To be considered for this role, the relevant rights to work in Singapore is required.

You’ll achieve more when you join HSBC.
www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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