Associate Director, Regulatory Reporting - HSBC Global Asset Management
Central, HONG KONG
Job description
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 Associate Director, Regulatory Reporting.
Principal Responsibilities
The Regional regulatory reporting lead will be accountable for regulatory reporting requirements for AMHK and AM ASP, this position will focus on oversight and governance of the reporting production from Global Regulatory Reporting Team (GRRT) based in AM Bangalore. Identify opportunities for offshore report production further and facilitate automation to derisk the operations. This role will review the reporting output ensuring it meets the local regulatory requirements, identifying reporting issues and working with the GRRT to ensure they are resolved. The role will also work with internal and external teams to implement a robust control framework as well as providing status updates to local/global senior management. The Regulatory Reporting team specialises in researching, managing and implementing response to all regulatory provisions that affect the firm’s investments with internal and external advisors, focusing on regulatory reporting to applicable regulatory bodies both locally and globally. Responsibilities include reviewing new products, markets, reputation analysis of all product lines as regulations evolved, as well as being the go-to liaison person on regulatory implementation.
· Oversight of the production, validation and submission of regulatory reports produced by the Global Regulatory Reporting team
· Review exceptions on a daily basis to ensure no breaches, raising any potential issues as they arise
· Leverage knowledge of regulations & financial markets to identify and resolve reporting issues
· Participate in the governance of the Regulatory Reporting processes ensuring M.I. is timely and meaningful and future process and regulatory changes are implemented compliantly
· Lead change management activities to ensure compliance with all new regulatory requirements and internal risk frameworks, including the implementation of regulatory and internal trade controls
· Manage the relationships of internal stakeholders based in Hong Kong, in being able to anticipate and respond to their business needs well
· Research, manage and implement responses to all the provisions that affect AMHK, communicating implications of existing and proposed regulation to senior management, and developing potential responses
· Lead engagement with business and provide compliance guidance and expertise e.g. vetting of proposed transactions, new products, taking into account internal and regulatory requirements across asset classes
· Ensure a robust daily/monthly/quarterly/annually regulatory reporting regime is maintained to provide timely and accurate reporting and identify opportunities for automation
· Review and monitor that the regulatory returns are fit for purpose and meet the reporting requirements as defined by the local regulator
· Ensure that all local DIMs are maintained and updated when required
Requirements
· Knowledge and experience of EMIR & HKTR Trade reporting will be an added advantage
· Proven track record of automating reports and derisk operations will be an added advantage
· Able to build control frameworks at both a local and global level with the ability to link them to control frameworks
· Good understanding of regulatory and investment monitoring requirements
· Customer focused, able to communicate at all levels
· Established individual with a good track record who is motivated, focused and free thinking
· Good working knowledge of Asia focused regulatory reporting regimes
· Excellent working knowledge of Asset Management and its operational functions
· A good eye for detail across multiple data sources
· Able to think and put in place effective solutions for both internal and external clients
· Experience of working within a matrix organisation across multiple divisions with differing structures
· Established individual with a good track record who is motivated, focused and free thinking
· Possesses strong communication skills and confidence to effectively engage multiple stakeholders. This includes strong interpersonal skills to be able to collaborate well within the immediate team, as well as stakeholders
· Possesses strong analytical skills, good working knowledge with data and able to think strategically
· Experience with establishing and meeting critical deadlines, as well as tracking and driving execution
· Inquisitive and curious, resourceful, with a strong drive for excellence. Ability to work independently and effectively under pressure to meet multiple demands and ongoing priorities
· Proficient in using various Microsoft Office packages: Word, Excel, PowerPoint etc
You’ll achieve more when you join HSBC
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Issued by The Hongkong and Shanghai Banking Corporation Limited