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Vice President Fund Manager and Research

Company: HSBC
Location: New York
Posted on: November 22, 2021

Job Description:

This Vice President Fund Manager and Research role will have responsibility for performing operational due diligence reviews for investments in hedge funds, real estate and private equity funds. Such responsibilities will include conducting due diligence reviews, drafting assessment reports of managers, and making presentations to the regional research committees. Knowledge of operations and/or audit in the asset management business or real estate and private equity operations is required. Strong written and verbal communication skills are required. It is anticipated that the position will include about 20% travel.Job Responsibilities:

  • Conduct on-site operational due diligence meetings of external asset managers as part of the ODD program. These meetings discuss all areas of operations to assess the strength of the organization and its ability to mitigate operational risk.
  • Document due diligence meetings conducted in the specified report template and present findings to the regional research committee.
  • Perform regulatory research and reviews for managers.
  • Analyze underlying manager financial statements.
  • Research foreign markets to assess regulatory and tax issues involving trading/establishing a local presence in those markets.
  • Lead special projects.
  • Perform due diligence reviews on administrators that support underlying private equity and real estate managers. Impact on the Business
    • The addition of this role will increase our due diligence capability, ensuring that we cover all aspects of our current and prospective investments to the highest level. Customers / Stakeholders
      • HSBC's Alternative Investment Group and Global Private Bank Leadership & Teamwork
        • To work with the hedge fund research team, private equity team and real estate team with regard to funds/managers that need to be covered. Operational Effectiveness & Control
          • Spot opportunities for business development as well as sources of risk
          • Pro-active, Ethical, Profit yet Risk oriented Major Challenges
            • Coverage of a continually changing investment universe.
            • Keeping up to date with all industry level changes and their potential effects.
            • Ensuring that our operational due diligence process remains best in class and timely. Role Context
              • Work closely with the global research teams.
              • Work will primarily be US based, but there is some travel across Europe/Asia Management of Risk
                • Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations. Observation of Internal Controls
                  • The jobholder will adhere to, and be able to demonstrate adherence to, internal controls and will implement the Group compliance policy by adhering to all relevant processes/procedures.
                  • The term 'compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
                  • The following statement is only for roles with managerial or specific Compliance responsibilities
                  • The jobholder will implement measures to contain compliance risk across the business area. This will be achieved by liaising with Compliance department about business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators. Qualifications Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.
                    • 8-10 years working in within an audit firm auditing investment products (hedge funds and/ or Private Equity funds) or the operations and/or audit departments of an asset management firm or; operational due diligence preferred.
                    • Undergraduate Bachelor's degree in accounting and finance and with a Chartered Accountant qualification or Chartered Financial Analyst qualification
                    • Working knowledge of industry standards for the asset management industry, specifically hedge fund, including familiarity with policies, procedures and "best practices".
                    • Knowledge of hedge funds and pooled investment products.
                    • Strong written and verbal communication skills.
                    • Strong audit and/or operations experience required.
                    • Works well in team environment.
                    • Good analytical skills.
                    • Strong organizational skills.
                    • Proficient with computers and Microsoft Office products.
                    • Self-starter, able to demonstrate initiative, well-developed time management skills.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Keywords: HSBC, New York , Vice President Fund Manager and Research, Executive , New York, New York

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