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.
International Wealth and Premier Banking (IWPB) provides a leading premium proposition through Premier Banking and, together with our Private Bank, are present across the world’s most important markets, booking centres, and corridors most valued by our clients. Our wealth offering is further enhanced through our best-in-class manufacturing capabilities in Asset Management and Insurance. 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.
We are currently seeking a high calibre professional to join our team as a Head of Alternatives Operations.
Principal Responsibilities
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 $77 billion and ~300 staff across 13 offices (inc. London, New York, Hong Kong and Singapore).
In this role you will
Oversee on fund/mandate operations: advise on design and implementation of the target Operating Model - operational input into product change initiatives and new product development, setting up of operational infrastructure and service providers, including recommendations for optimal design for region
Support transaction management & services: Investment-level financial and tax due diligence, transaction compliance & execution, transaction administration & compliance, reconciliation & execution, investment restrictions & control, ownership of onboarding of new deals across APAC and ensure key activities are executed per timeline
Lead valuation & performance: NAV production oversight, valuation support for hard-to-value assets, performance calculation and analytics, carry interest & waterfalls, valuation reconciliation in line with Group policy
Oversee fund finance & accounting treasury management including cash flows analysis (calls, distributions, forecasting), credit, hedging operations, fund accounting oversight, fee management (fees, expenses, invoicing, performance fees & carry interest), audit support, oversight, liquidity management, strategize working capital and closing cost policy with business partners as part of quarterly reporting
Ensure tax compliance: ensure adherence to the tax structure, liaise with external advisors to ensure compliance of tax structuring for investments obtaining updated opinions where relevant, oversight of all tax filings ensuring compliance of the Fund, SPV and onshore entities
Oversee reporting: be accountable for Portfolio reporting, MI & risk reporting, support Investor Relations team on client reporting support, fund board reporting and Tax reporting, oversee quarterly investor templates and investor letters, support ad-hoc/monthly/quarterly/annual reporting for senior management
Lead risk and compliance: implementation of regulatory and tax change, AFIMD compliance, implementing financial crime compliance & control, support business continuity, executing Operational Risk Management Framework, design and maintenance of procedures and policies consistent with controls
Team management: attract and retain talent. Provide training, mentoring and coaching to the staff members in a pragmatic and collaborative style
Requirements
To be successful you will need
Extensive experience in alternatives investments industry and products i.e. Private Markets, Private Debts or Real Assets., gained in investment operations (back and middle office functions), investment accounting and tax reporting, risk management, investment operations outsourcing providers
Strong leadership skills with proven track record in a managerial role within Alternative capability with a preference for Real Assets
Degree qualification, preferably in finance, commerce, economics. May have post-graduate qualifications eg. CFA, CPA, CAIA
Exposure to APAC markets and regulations including cross borders taxations and capital structures as well as operational risk
Experience in operations and in coordinating and executing change management processes, supporting transition of services to production in a controlled and governed way that minimises business risk and disruption
Language skills: fluent English and Mandarin. Exceptional verbal and written communication skills
Opening up a world of opportunity
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Issued by The Hongkong and Shanghai Banking Corporation Limited.