Assistant Manager - HSBC Securities Services

HSBC is one of the largest and most trusted banking and financial services organisations in the world. With an international network extending to 9,500 offices in 85 countries and territories, we combine in-depth local knowledge with unmatched global reach to provide a comprehensive range of services to millions of customers.

The HSBC Group in Luxemburg employs around 570 people in several global business lines. HSBC Securities Services, part of the HSBC Global Transaction Banking (GTB) division, provides comprehensive global, regional and domestic fund services including fund administration, global custody, corporate trust and loan agency, as well as sub-custody settlement and services to the international asset management industry.

Significant new business has created a number of opportunities and we are therefore looking to recruit an:

Assistant Manager

Compliance & Risk Monitoring

Role and Responsibilities:
As an Assistant Manager, you will monitor adherence to the funds industry regulatory framework, constitutional and contractual documents. You will review and sign off analysis of investment compliance breaches prior to escalation, as well as report on the status of unresolved compliance issues and ensure they are followed up promptly. You will also analyse and interpret new regulations in relation to Funds Compliance and participate in the enhancement of an automated investment restriction compliance monitoring system. In addition, you will support re-engineering initiatives related to regulatory processes and reports and assist in the development of a risk management framework within Fund Administration.

Experience and skills required:
· Bachelor's degree or equivalent professional qualification;
· Good knowledge of fund accounting and financial products (including derivatives, repos, stock lending, structured products…);
· Excellent knowledge of Fund regulatory framework including UCITS regulations;
· Knowledge of MIG21 or other fund compliance monitoring system would be an advantage;
· At least 5 years experience working in the investment funds industry in a similar function;
· Para-legal experience would be an advantage;
· Good project management skills;
· Ability to work both in teams & independently;
· Ability to plan and organise workload to meet deadlines;
· Committed to service quality;
· Advanced Excel and Access skills;
· Fluent in English, both written and oral. A second European language is a distinct advantage.

If you want to work in our challenging and multicultural environment and be part of a global team, please send your application letter and curriculum vitae (in English) to :

luxhr@lu.hsbc.com
HSBC Securities Services (Luxembourg) S.A.
Attention: Human Resources Department

B.P. 413
L-2014 Luxembourg