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.

Global Asset Management

Global Asset Management, the investment management business of the HSBC Group, serves HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions invested in both segregated accounts and pooled funds. Global Asset Management fulfils its purpose of connecting HSBC’s clients with investment opportunities around the world through an international network of offices in approximately 30 countries, delivering global capabilities with local market insight.

We are a global asset manager with a strong heritage of successfully connecting our clients to global investment opportunities. HSBC Mutual Fund India manages Indian equity and debt assets from last 20 years. We have clear and differentiated product offerings across asset classes. Our local team has ability to identify and position for global trends well supported by global perspective on long term asset prices.

We are currently seeking an experienced professional to join the HSBC Asset Management (India) Pvt Ltd – Investment Restrictions team.

Job Introduction

The team member will play a key role in ensuring compliance with internal and regulatory restrictions. The role involves monitoring, identifying, and managing breaches, performing alternate checks, coding and testing restrictions, and preparing comprehensive reports. The individual will also maintain documentation, track concurrent auditor’s activities, and ensure all processes are executed with accuracy and timeliness.

Principal Responsibilities

• Monitoring internal and regulatory restrictions on a daily basis. Ensure compliance with policies and guidelines across all portfolios.
• Identify and verify breaches, report actual breaches, and maintain and up-to-date breach register. Work closely with stakeholders to resolve breaches and mitigate risks.
• Perform alternate checks to ensure accuracy and reliability of monitoring processes. Proactively identify optimization opportunities for robust processes.
• Code internal and regulatory restrictions into the compliance system. Perform rigorous testing and validation of coded restrictions, documenting the outcomes.
• Prepare monthly reports on breaches, compliance status, and other related activities. Maintain process notes, testing documents, and audit-ready records.
• Monitor concurrent auditor activities and ensure deliverables are met as per SLA. Provide timely and accurate responses to auditor queries.
• Develop and maintain an in-depth understanding of investment regulations and internal compliance policies. Stay updated on regulatory changes and their impact on processes.

Role Requirements / Education Qualifications / Certifications / Experience:

• Bachelor’s degree in Finance, Accounting, or a related field.
• 1-3 years of experience in investment restrictions monitoring or a similar role. Experience in coding, testing, and monitoring restrictions using Bloomberg AIM.
• Understanding of Financial Instruments & Markets, Strong numerical skills and analytical abilities, Good Verbal & Written Communication Skills, Team Player, Proficiency in Excel, Knowledge of Investment related Mutual Fund Regulations would be an added advantage.

You’ll achieve more at HSBC.

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.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India