Job description
Business: HSBC Asset Management, Alternatives
Open positions:1
Role Title: AVP, Alternative Operations GSC’s
Global Career Band: 5
Location (Country / City ): India/Bangalore
Recruiter Name : Sowmya Basavaraju
Why join us?
- HSBC Alternatives is the alternative investment arm of HSBC Asset Management, investing globally in a wide spectrum of alternatives asset classes which include private market funds, hedge funds, real estate, infrastructure, private debts and venture capital, with AUM of $56 billion and 270 staff across 10 offices (inc. London, New York, Hong Kong and Singapore).
- The Alternative Investments Operations Team is responsible for the global investment operations function comprises transaction and trade services, portfolios operations, product/portfolio controllership for all alternative investments products of HSBC Alternatives. The Team operates from centres of excellence in London, Bangalore and Singapore:
- Transaction & Trade Services: portfolio allocation analysis, transaction compliance & execution, trade support, control, reconciliation & execution, investment restrictions monitoring
- Mandate Operations: design of operating Model, operational input into product change initiatives and new product development, set-up of operational infrastructure and service providers
- Valuation Oversight: NAV production oversight, valuation support for hard-to-value assets, carry interest & waterfalls, pricing reconciliation
- Portfolio Operations: Treasury management including cash flows analysis (calls, distributions, forecasting), credit, hedging operations, fee management (fees, expenses, invoicing, performance fees & carry interest), audit support
- Reporting: MI & risk reporting, Portfolio and Investor reporting support, fund board reporting
- Stakeholders’ Management: Contribution to the oversight of service providers (engagement, negotiation, monitoring), Support of Investor services (RFP, queries management)
- System, Data & Change Management: System change and data control; support implementation of new systems, system data governance and integrity, operational change management
- Risk and Compliance: Implementation of regulatory and tax change, implementing financial crime compliance & control, support business continuity, executing Operational Risk Management Framework, design and maintenance of procedures and policies consistent with controls
The Opportunity:
- HSBC Alternatives operations team is a growing team providing investment operations services to HSBC Alternatives investing globally. The role shall focus on a wide ranging of alternatives asset classes covering Private Markets, infrastructure debt, Hedge funds and Real estate businesses. The role is to provide investment operations services mainly towards Infrastructure debt and Private Debt.
What you’ll do:
The key responsibilities of the role are listed below.
- Transaction & trade support services for Infrastructure debt and Private debt funds.
- Portfolios Operation: pricing & reconciliation, NAV production oversight, fees & invoicing, financial statement preparation and auditing
- Reporting support: portfolio reporting, regulatory, portfolio compliance (investment restrictions), MI and internal KPI metrics, assisting the management reporting and investor reporting
- Operational Risk & Compliance: implementing financial crime compliance & control, support business continuity, executing Operational Risk Management Framework
- Support of various system projects and implementing change in BAU procedures
- Managing various stakeholder’s requirement and queries
Requirements
What you will need to succeed in the role:
- Strong knowledge of Alternative Asset classes, preferably prior experience into investment operations team or equivalent middle office services within asset management or asset management services
- Deep level of understanding of NAV calculations and oversight of fund administrator and lastly MS office skills are required.
- Accounting skills of Alternatives asset class (especially Private debt/ Infrastructure debt). qualified accountants would be a plus.
- At least 7 years of experience in the asset management business.
- Best practices sharing with the team and documentation of all processes.
- Lead by example and adopting a can-do attitude
- Effective management of escalations/issues related to operational risk
- Identify opportunities for process improvement and champion continuous improvement within the team
- Identify, manage and mitigate operational risks
- Adhere to all regulatory requirements
What additional skills will be good to have?
- Team player, listener, must be able to understand the request from stakeholders and consultants so that transitions process improvements can quickly take place.
- Should be flexible to meet adhoc requests and support different time zones.
- Analytical thinking, attention to detail and an ability to follow a disciplined research process is critical for the role
- Strong awareness of Risk management and controls approach
- Strong organizational and time management skills, flexible approach to duties and hours of work, client focused
- Experience in creating MI and dashboards for senior management can be useful
- Pro-active on technology and smart automation approach
Link to Candidate User Guide:
(Or)
Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard
You’ll achieve more at HSBC
HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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 HSBC Electronic Data Processing (India) Private LTD***
Recruiter name
Sowmya Basavaraju
Recruiter email
sowmya.basavaraju@hsbc.co.in