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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, Manager.

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, Singapore and Hong Kong.

Part of the Alternatives Operations Team, The Alternative Investment Operations Senior Manager will be located in Singapore, will support the Head of Real Estate Operations, and will focus on the design and operating model for new and existing investment capabilities across APAC.

Impact on the Business

• Supporting the management for fund and investments operations activities for a growing APAC Real Assets portfolio currently ~US$1.7bn AUM
• Fund/Mandate Operations: support and 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

Customers / Stakeholders

• Customers include: Investment Teams, Investor Relation team, Product specialist team, Product development team, Legal, Regulatory Compliance, Control Office, Risk, IT, Internal and External service providers, Clients/Investors

Leadership & Teamwork

• The role will require liaison and co-operation with various stakeholders AMSG, AMHK, Asia, UK and offshore service team. There is opportunity of staff management as the team grows in time

Operational Effectiveness & Control

• The position outlined by this job description may constitutes a “controlled function” requiring specific local financial authority approval. Therefore, the holder must ensure that their personal conduct complies in all respects with local regulations and laws