Hong Kong Job Openings

HSBC

Alternatives Investment Operations - Senior Manager, Real Estate - HSBC Global Asset Management

Central

FULL TIME

September 4, 2024

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 totalling US$707bn on behalf of its clients.
We are currently seeking a high calibre professional to join our team as an Alternatives Investment Operations - Senior Manager, Real Estate (24 months fixed term contract).
Principal Responsibilities
  • HSBC Alternatives is the alternative investment arm of HSBC Asset Management, investing globally in a wide spectrum of alternatives asset classes including Private Markets, Hedge Funds, Real Estate, Energy transition infrastructure, Private Debt and Venture Capital, with an AUM of c.$70 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
  • Part of the Alternatives Operations Team, The Alternative Investment Operations Senior Manager will be located in Hong Kong, will support the Head of Real Estate Operations, and will focus on the design and operating model for new investment capabilities managed and to be introduced at Asset Management Hong Kong
  • Management and accountability for fund and investments operations activities for a Hong Kong RE portfolio of ~US$550m AUM
  • Overall accountability for the portfolio, it’s operating model and ongoing operational excellence and efficiency
  • Fund/Mandate Operations: advise on design of Operating Model - operational input into product change initiatives and new product development, setting up of operational infrastructure and working with service providers to enhance operations
  • 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
  • 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
  • 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, Oversee and strategize cash analysis and distribution policy & processes for funds/regions under your remit
  • 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
  • Reporting: 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
  • Stakeholders’ Management: Oversight of service providers (engagement, negotiation, monitoring), Support of Investor services (RFP, queries management)
  • Portfolio Management: Support asset management team with ad hoc financial information / analysis as required
  • System, Data & Change Management: System change and data control: support implementation of new systems, ensure data governance and integrity in line with group policy, operational change management, work cross functionally to identify and deliver on continuous improvement initiatives, increase efficiency and utilisation of standardized and centralized processes and teams
  • 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
Requirements
  • 14+ years’ experience of real estate accounting and/or private equity experience
  • Degree qualification, preferably in finance or accounting
  • CPA, CA, CAIA professional qualifications or equivalent
  • Strong leadership skills with proven track record in a managerial role within Real Assets (RE and Infra)
  • Exposure to APAC markets and regulations including cross borders taxations and capital structures
  • Strong experience managing operational risk in a changing environment
  • Must show ability to communicate clearly on various technical issues and to maintain a high level of professionalism when dealing with clients, investors and colleagues
  • Must possess effective multi-tasking, project management, organisational and interpersonal skills with proven ability to work to deadlines in an efficient and accurate manner
  • Proven experience in managing and delivering large, complex, and cross-functional finance transformation and technology projects
  • Experience dealing with outsourced service providers
  • Commercially focus and client-centric
  • Ability to understand and consolidate diverse and complex business information to translate into actions and propose operational solutions
  • Demonstrate collaborative and supportive working relationship with the other business departments and functions
  • Fluency in English; other Asian languages are an advantage
  • Exceptional verbal and written communication skills
You’ll achieve more when you join HSBC.
http://www.hsbc.com/careers

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
Issued by The Hongkong and Shanghai Banking Corporation Limited.

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