HSBC Group

Business: Wealth & Personal banking

Open positions:1

Role Title: Senior Associate - Product Control and Oversight GSC’s

Global Career Band: 6

Location (Country / City ): India/Bangalore

Recruiter Name : Kanupriya Mishra

Why join us? 

• Wealth and Premier Solutions (WPS) seeks to be the leading international private bank for business owners and their families. It provides clients with wealth, business, and family succession solutions in the largest and fastest growing markets around the world. The role sits in WPS. WPS is the global front office business established to deliver an enhanced range of market leading in-house and third-party investment services and investment products as well as wealth lending solutions to all client segments across the Wealth Continuum.

The Opportunity:

• This role reports functionally to the Regional Head of Managed Solutions, Asia Pacific and will focus on supporting the Asia Managed Solutions team on product control and oversight.  The candidate will be performing regular monitoring, under the supervision and guidance of a senior member, on discretionary program to ensure investment guidelines and client restrictions are being adhered to.  The ideal candidate will possess strong analytical skills, a solid understanding of financial markets, and the ability to translate complex business requirements into actionable insights.

What you’ll do:

• Assist the Regional Head of Discretionary in implementing the control & oversight framework for discretionary portfolio management activities.
• Perform regular post-trade monitoring on discretionary portfolio activities.
• Identify, escalate, and report investment breaches and exceptions to line manager for further investigation and remediation.
• Collaborate with different stakeholders, including Portfolio Manager, Portfolio Administrator and Product Specialist during the regular control and monitoring activities.
• Approve trade reversal and amendment, use of derivatives hedging, and other (if any).
• Assist the Regional Head of Discretionary, as the chair, to prepare monthly Asia Investment Committee Meeting.
• Prepare regular management information (“MI”) and key risk indicator (“KRI”) for management reporting and oversight.
• Coordinate system updates with relevant parties, including IT and Operation.

Targets & Measures:

• Maintain product documentation libraries and MI datasets in a systematic and organised manner
• Maintain clear audit trail on business updates and regulatory filings
• Produce data analytics that are fit for purpose of the team and stakeholders
• Preparing sharp and creative dashboards for business to have an overview as applicable
• Nil evidence of breaches towards the bank’s policies & regulations like Data Protection and Privacy, Anti Money Laundering, Information Risk policy and Regulatory requirements, process specific regulations. Abide by Group Compliance policy
• Clarity and proactive mode of communication and on time completion of deliverables

Major Challenges

• Competing demands from different stakeholders in the team.

What you will need to succeed in the role:

• Bachelor’s Degree in finance or related subject. (M)
• Minimum 4 years of experiences in banking, finance, or asset management industry. (M)
• Good understanding of different asset classes, such as Bonds, Equities, Multi-assets, Derivatives, Mutual funds, and ETFs. (D)
• Analytical skillset and understanding of SQL, Python, Bi tools etc. (D)
• Effective stakeholder management & communications, able to work with teams across locations. (M)
• Professionalism, integrity, ability of problem solving, and strong sense of responsibility. (M)
• Strong organizational and time management skills. (M)
• Strong Excel and Word skills. (M)
• Index: Mandatory (M) / Essential (E) / Desirable (D)

What additional skills will be good to have?

• Critical to be able to collaborate as part of the broader Regional Managed Solutions team.
• Ability to act as subject matter expert and communicate with stakeholders effectively.

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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