HSBC Group

Business: HSBC Asset Management, Alternatives    

Open positions: 1

Role Title: Manager HAIL operation-Direct Lending GSC’s

Global Career Band: 6   

Location (Country/City) : INDIA/BANGLORE                 

Recruiter Name : Kanupriya Mishra

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 fund services, portfolio 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, Private Credit and Real estate businesses.  The role is to provide investment operations services mainly for Private Credit. 

What you’ll do:

• Yardi Data Ingestion & Mapping: Support with Yardi data mapping and data ingestion activities for the portfolio, ongoing static data mapping and reporting support. Reporting to Fund Operations day-to-day
• Audit support: Audit coordination and support with provision of document to auditors under oversight of SG team
• Onboarding and offboarding support
• Coordination of document provision, collation, storage and filing inline with SharePoint structure across all investments
• Support to capture and document key data in databases (upstream and downstream) for Yardi, Trackers etc. Supporting ops design and delivery and handovers to BAYU operations
• Accounts Payables/Receivables
• Vendor management purchase orders, review inline with budgets, invoice policies, etc., ensure appropriate expense tagging and reporting inline with accounting policies. Manage payment terms etc., and have oversight of contractual terms, HSBC rate cards, vendor onboarding, screening etc.
• Expense reporting and management – central expense reporting and management across the portfolio to assess external spend
• Maker Checker processing (this would relay on having segregated controls, approved budgets, PO’s and an approval matrix in place. Need to understand how this works today
• Treasury Ops/Cash Management: Bank relationship management, account opening/closure, ongoing maintenance and cash reporting/portal connectivity support, weekly bank reconciliations/reports
• Debt covenant reporting: Tracking, reporting and management of loan covenants, forecasting, documenting and management facility agreements, manager lender queries and LVR reporting
• Tax Coordination: Compliance tracking and coordination, completion of W8
• Liquidation support: Ensure tracking of timelines to wind-up/strike off shell entities and track any legal requirements, i.e. SRVP –Fund 1 wind-up (final distributions etc. will be affected and hold periods will be required to wind up the structure
• SME and system owner for Yardi Voyager and other Alts Ops applications.
• Responsible for design, build and configuration of Asia Yardi instance, working to translate user requirements into configuration and reporting builds.
• Oversight of data ingestion architecture in Yardi and our connectivity with service providers. Key conduit with Yardi and other SaaS providers from a system design and build perspective
• SME and system owner for Yardi Voyager and other Alts Ops applications.
• Responsible for design, build and configuration of Asia Yardi instance, working to translate user requirements into configuration and reporting builds.
• Preparing standardized KYC packs and coordination of document provision with AFIM, SPVs, entities, bank accounts, depositories, lender, FATCA/CRS, etc.
• Trackers/database administration and document management, including investment database, entity data, bank account data, finance calendar, capitalization tracker (including document completion and filing –upstream/downstream), tracking of Loans (IFL, PPL, etc.),
• Audit timeline tracking, depository reporting and tracking coordination, capitalization and distribution tracking (including respective documentation and filing with service providers)
• Provider Management, including oversight of key SLAs and service provider performance
• Templates: Manage template library for CoSec documents relating to fund flows including resolutions, loan documents, payment direction letters, bank account opening and mandate changes, etc., 
• Preparation and review of all template documentation (including coordination with service providers, investment ops and managing review processes.
• Document signing: coordination of approvals across internal and external teams, manage document e-signature processes, and ensuring

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 (Private equity/ Hedge fund/ Private Credit). 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:

https://hsbchrdirect.service-now.com/nav_to.do?uri=%2Fhrsp%3Fid%3Dkb_article_preview%26sys_id%3D0c6b11641b6a9810cec0553a2d4bcb2a

 (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.”

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