Investment Operations Assistant Manager - Alternatives

Job description

Role Title: Investment Operations Assistant Manager - Alternatives

Business: Global Asset Management
New or Existing Role-New
Grade:GCB5

Role Purpose
· The Alternatives Operations Team is responsible for the Operations function for alternatives investments products of
· HSBC Alternatives Investments (“HAIL”) and HSBC Asset Management UK (“AMEU”), within the HSBC Global Asset Management Group. The Alternative Investments Operations manages operations of alternatives direct and indirect products, with AUM of USD 52.0 Billions, including private equity/credit funds, real estate, direct lending, infrastructure debts, and hedge funds-of-funds.
· Reporting directly to the Head of Alternative Investments Operations, the Investment Operations Assistant Manager will manage the operations of the private assets products with particular focus on private markets, direct lending and real estate.


Key Accountabilities
· Impact on the Business
· Assist in the management of fund operations and investment operations of closed-ended investment products
· Review valuation and NAV calculation in the quarterly reporting and review debt covenant reporting by third party administrators
· Instrumental in cash flows management, calls and distributions at both funds/mandates and investment level
· Review and control of portfolio data in the system
· Co-ordinate and participate in ad-hoc business transformation and system improvement projects
· Assist Operations Manager in managing tax due diligence
· Provide transaction services to investment team including monitoring investment restriction and guidelines, compliance requirements, deal execution and investment on-boarding and off-boarding
· Assist Legal and Compliance teams with regulatory requirements
· Prepare financial analysis and forecasting of funds/mandates
· Assist in suppliers on-boarding and service migration
· Manage fee invoicing and business P&L

Customers / Stakeholders
· Customers include:
· Investment Teams, Product specialist team, Product development team, Legal, Regulatory Compliance, BRCM, Risk, IT, AMG, Internal and External service providers,
· Clients/Investors

Leadership & Teamwork
· The role will require liaison and co-operation with various stakeholders across HAIL and the AMEU.

Operational Effectiveness & Control
· The position outlined by this job description constitutes a “controlled function” requiring specific FCA approval under section 59 of the Financial Services and Markets Act 2000. This particular position is defined as a “Customer Function” controlled function and, as such, the holder must ensure that their personal conduct complies in all respects with the first four statements of Principal for Approved Persons and related Code of Practice for Approved Persons.

Major Challenges
· To ensure completion of tasks in a timely and diligent manner.
· To ensure timely and high standard interaction with client and service providers for resolution of queries & issues
· To maintain a robust processing approach with ongoing improvement of process and documentation
· To develop awareness of the business and infrastructure to ensure professional interaction and involvement

Role Context
· The position outlined by this job description constitutes a “controlled function” requiring specific FCA approval under section 59 of the Financial Services and Markets Act 2000. This particular position is defined as a “Customer Function” controlled function and, as such, the holder must ensure that their personal conduct complies in all respects with the first four statements of Principal for Approved Persons and related Code of Practice for Approved Persons.

Management Risk
· The role is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
· The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. This will be achieved by consistently displaying the behaviours required to support the Together We Thrive principles.
· The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
· This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring and by addressing any areas of concern in conjunction with line management and/or the appropriate department.

Observation of Internal Controls

· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
· Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  Degree qualification, preferably in accounting and finance, or a part-qualified/ qualified member of
·  ACA/ACCA/CAIA
·  The candidate will be extremely motivated and determined
·  Must show ability to communicate clearly on issues and to maintain a high level of professionalism when dealing with clients, investors and colleagues.
·  Must possess effective multi-tasking, process management, organisational and interpersonal skills with proven ability to work to deadlines in an efficient and accurate manner.
·  Commercially focus
·  We are a diverse workforce and it is part of our organizational culture, it reflects our belief that diversity of thought, background and perspective make HSBC a stronger organization. We strive to implement a culture that is inclusive, diverse, positive and performance-oriented. Having a diverse workforce allows us to benefit from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview