Private Equity Oversight Head- HSBC Life Private Equity Oversight Head- HSBC Life …

HSBC
in Hong Kong
Permanent, Full time
Last application, 27 Jul 21
Not Specified
HSBC
in Hong Kong
Permanent, Full time
Last application, 27 Jul 21
Not Specified
HSBC
Private Equity Oversight Head- HSBC Life

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC.  As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey.  If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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.

Wealth and Personal Banking is our new global business combining Retail Banking and Wealth Management; and Global Private Banking, to become one of the world’s largest global wealth managers with USD1.4 trillion in assets. Across Asia, where wealth pools are growing faster than in any other region, HSBC’s wealth revenues grew 12% in 2019 (year-on-year) to USD5.7 billion.  Our dedicated colleagues serve millions of customers worldwide across the entire spectrum of private wealth, ranging from personal banking individuals and families, through to business owners, investors and ultra-high-net-worth individuals. We provide products and services such as bank accounts, credit cards, personal loans and mortgages, as well as asset management, insurance, wealth management and private banking, that best suit our customers’ needs.

We are currently seeking a high calibre professional to join our team as as Private Equity Oversight Head.

Principal Responsibilities 

  • Oversee the development of Private Equity investment policies and strategies, including the return targets, fund selection criteria, diversification parameters, risk appetite and limits, etc
  • Responsible for oversight on Private Equity capital deployment relative to plan and ensure all investment guidelines and risk limits have been followed
  • Responsible for overseeing Private Equity investment valuations and performance relative to target return, with an objective to identify and escalate underperforming or mispriced assets for attention and actions
  • Contribute to effective functioning of investment and valuation oversight governance bodies on Private Equity, including the PRM (Portfolio Review Meeting), various Valuation Committees, LIC and INHK-HAIL Governance Meetings
  • Coordinate with other business areas, including Risk, Finance, Actuarial, Product, ISOT, RC and Legal on matters related to Private Equity and Private Credit
  • Coordinate with Group Investment and Group Investment COO on matters related to Private Equity and Private Credit
  • Coordinate with AMG and HAIL on L3 investment mandate implementation and oversight.
  • Contribute to the SAA review exercise in matters related to Private Equity
  • Contribute to the design and implementation of appropriate fund structures / investment vehicles to maximize investment efficiency of Private Equity
  • Keep abreast of relevant global developments in the capital and insurance market and changes in regulatory, actuarial and accounting regime, particularly in relation to insurance investment management and financial reporting that have impacts on Private Equity
  • Lead team initiatives to achieve and enhance investment management and oversight effectiveness on Private Equity
  • Deputise for the CIO in his/her absence on matters related to Private Equity
  • Ensure corporate governance standards are met and a sound control framework is in place for Private Equity investment matters; report to and provide sound advice and recommendation to LIC and ALCO on strategic investment and risk management issues; establish effective investment guidelines and restrictions for fund managers and establish policy and procedures to ensure compliance with regulatory, internal and group investment restrictions
  • To discharge the local compliance requirement responsibilities by implementing Compliance policy and procedures, ensuring an adequate understanding of all relevant regulations applicable to the business and generally assisting with resolution of compliance related issues; to ensure an adequate understanding of all relevant anti-money laundering regulations applicable to the business and generally assisting with the resolution of related compliance problems
  • Work with other parties on audit requests

="color:#000000;">Requirements 

  • Solid experienced in managing complexity investment structures and strategies of Private Equity
  • Understanding of risk-return drivers of Private Equity
  • Good knowledge about legal and regulatory environment facing Private Equity investments
  • Comfortable to dealing with lack of active market environment of Private Equity
  • Capabilities to evaluate Private Equity that requires active engagement with underlying funds to seek up-to-date information for marking assets to market
  • Understanding of valuation drivers of Private Equity and effectively valuation oversight
  • Excellent communication skill to effectively manage internal and external stakeholders, including explaining technical concepts to both technical and non-technical audience
  • Good understanding of the challenges associated with asset and liability matching for life insurance
  • Comfortable with constants change in regulatory, actuarial and accounting regimes
  • Stay abreast with new actuarial tools and techniques that rapidly evolving to cope with new challenges for investment function

You’ll achieve more when you join HSBC.
www.hsbc.com/careers

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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.



Company Overview

HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through three global businesses: Wealth and Personal Banking, Commercial Banking, Global Banking & Markets. Our network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.

Whether you are looking for a first job or taking the next step in your career, we offer many ways for you to achieve your ambitions. Come and work with us and you'll have opportunities to build connections with colleagues and customers worldwide and help build the bank for the future.

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