In this role, candidate will:
- Perform compliance monitoring of the funds including:
- Identify the investment restriction according to Fund Charter and Regulations.
- Prepare compliance checklist.
- Define compliance rules can be performed automatically by systems and maintain the rule for updating in system
- Perform transactional compliance check on daily basis.
- Prepare compliance reports on weekly and monthly basis.
- Escalate breach of compliance to Line Manager, Fund Manager and Compliance.
- Prepare the periodically supervisory reports required under the regulations and fund investors.
- Verify the NAV of the fund as required by laws
- Prepare price sheet independently to cross check with the securities prices on NAV reports
- Independently check NAV reports before releasing them to Fund Managers
- Confirm to Transfer Agency team and Fund Managers the sufficient money for the subscription of Open-ended fund at each dealing cycle.
- Supervise payments of the funds including:
- Verify authorized signatures, check supporting documents against payment instructions and fund documents
- Contact Fund Manager to clarify, obtain supporting documents before obtaining approval from Line Manager for processing the payment.
- Perform due diligence to the operations of Fund Manager relating to the fund management
- Reconciliation for cash and securities of the funds including:
- Perform reconciliation the fund units of Upper funds at each NAV reporting cycle
- Check the break status of cash and securities; inform fund administration team to update the reason.
- Respond to client’s queries to client services related to compliance, pricing, operation, investment of Funds
- Assist Supervisory Bank team to prepare internal reports and draft procedures related to daily operations as per internal requested.
- Indentify and report operational risk through day-to-day operation.
- Perform other internal control tasks or and back-up for team members as assigned by Manager
* Maintain HSBC control standards and follow Group Compliance Policy to minimize operational risk by:
- Remaining compliant with and ensures awareness of Audit and Group requirements and other internal guidelines.
- Ensuring strict compliance with government banking regulations
- Timely implementing internal and external audit points together with any issues raised by external regulators
