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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). The Alternative Operations Team is responsible for the global investment operations function comprises transaction and fund services, portfolio operations, product/ portfolio controllership for all alternative investment products of HSBC Alternatives, they operate from centres of excellence in Bangalore and onshore teams in London, Paris, Dusseldorf, Singapore, and Hong Kong. Part of the Alternatives Operations, the role will report to the Director of Operations, Alternatives and provide operational leadership for the design and implementation of operating model in support of products manufactured in Hong Kong, including Real Assets, Asia Credit, investment portfolios in APAC and Middle East and collaborate with Operations teams across all our geographical capabilities.

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