Manager Global Investment Restrictions

Job description

Some careers have more impact than others.

If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Manager Global Investment Restrictions

Principal responsibilities

• Responsible for ensuring the quality and consistency of centrally managed Investment Restrictions especially with regards to coding, testing of rules and EOD (End of Day) monitoring of Investment Restrictions.
• Enable and facilitate the delivery of suitable market intel and input for better Stewardship processes to all business lines and functions affected (Risk, Compliance, Front Office, Product, Data, IT, etc.).
• Drive the reinforcement of skills of the Investment Restrictions staff due to knowledge sharing and definition of best practices.

Build a clear, easy to use best practice library on coding, testing and EOD (End of Day) monitoring of Investment Restrictions.
- Engage with the local Investment Restrictions team and with international key stakeholders from all business lines and functions to define process expectations and quality measurements.

Facilitate the generation of monthly Market Intel for the global processes undertaken within all teams and support actions derived based on the outcome.
- Engage with the Global Data Management team on- and off shore to define data requirements and to enforce data quality and –availability.

Build networks with local Investment Restrictions teams creating an ability to understand their requirements and deliver the right services.
- Understand and ensure compliance with all relevant internal instructions and external regulatory requirements, including the management of operational risk and adherence to the Group's standards of ethical behaviour.
- Understands, follows and takes measures to demonstrate 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.
- Responsible for the continual assessment of 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 restructuring and the impact of new technology.
- Undertake operations in a central team of Investment Restrictions Specialists located in both onshore sites and offshore Service Centres providing services for all Asset management Global production locations. These services include e.g. restrictions management including coding, testing and EOD (End of Day) monitoring of rules on Bloomberg as well as definition and maintenance of quality standards and best practices.
- Collaborate closely with international key stakeholders from affected business lines and functions within Asset mangement Global (e.g. Front Office, Product, Risk, Compliance, Data, IT).

Requirements

• Good knowledge of Investment Restrictions processes, minimum 5 years of experience required. Good knowledge of respective local and international regulatory requirements. Good knowledge of fund contracts prospectuses and other relevant mandate specific documentation.
• Good knowledge of Bloomberg market data (BPS or Data License) required. Track record of guidelines negotiation and practical rule translation, coding, testing and monitoring (pre- and/or post trade).
• Demonstrates courageous integrity and ability to challenge existing and new practices.
• International experience or experience of dealing with international resources.
• University graduate with more than 7 years of industry experience.
• System skills: Charles River or Bloomberg required, other Investment Restrictions monitoring Systems (StateStreet MIG21, BlackRock Aladdin, Fidessa Sentinel, etc.) very welcome, advanced MS suite skills (Excel, PowerPoint, Access, Visio) obligatory.
• Test Management and Test execution skills required, 2+ years desirable.
• Project Management or PMO skills desirable.

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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