Job description
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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 Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 23 countries and territories, delivering global capabilities with local market insight. As at 31 December 2023, HSBC Asset Management managed assets totaling US$707bn on behalf of its clients.
We are currently seeking a high calibre professional to join our team as a Product Development Manager.
Principal Responsibilities
In this role you will
- Work in conjunction with the Alternative Investment teams, analyse and prepare feasibility studies and business cases for new products for submission to the relevant Product Committees
- Contribute to product structuring and design: convert product ideas into product designs. Define structure features (for example: domicile, legal / regulatory structure, liquidity, investment objectives / policies and pricing). Identifying key design issues and develop options/solutions. Ensure the appropriate ESG classification and disclosures are applied to the product
- Obtain budget approvals for projects from senior management and ensure projects are delivered in line with expected budgets
- Be accountable for the planning, co-ordination, product related content (alongside the Product Lawyer) and approvals of fund prospectuses and client communications
- Present and facilitate review and approval of new products with the relevant Boards
- Perform market analysis, competitor and product research relating to both existing and new products. Stay abreast of market developments, define product positioning and target markets
- Perform on-going review of existing products - identify threats/opportunities and enhancements to product range which may result from internal or external drivers. Define strategy, specifications and implementation requirements
- Analyse the tax / regulatory landscape from a fund, client and investment perspective; analyse impact on product range and lead development / changes and establish global best practice for products from a technical and governance perspective
Requirements
To be successful you will need
- Ability to demonstrate previous alternative investment product development experience at an established asset manager, law firm or professional services firm
- Familiarity with the ESG regulatory landscape and an understanding of sustainability risk
- Specific knowledge of liquid alternatives strategies or listed strategies would be advantageous
- Self-starter, who takes ownership, works with minimal supervision and can deliver the right solutions
- Excellent verbal and written communication skills, an ability to communicate with impact
- Ability to plan, prioritise and manage multiple complex initiatives (at different levels of granularity)
- Independent thinker who has an enquiring mindset
- Drive, energy and eager to progress in the role
Opening up a world of opportunity
www.hsbc.com/careers
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Issued by The Hongkong and Shanghai Banking Corporation Limited.