Investment Compliance Advisory (ETF & Index Investment)
Level: VP
Client: Global Asset Manager
Location: Hong Kong
Role Aim/Purpose:
As a member of the Investment Advisory Compliance team in APAC, you will work closely with regional and global Compliance teams and the business to provide compliance and regulatory advice on a range of matters and issues.
You will be primarily responsible for advising the organisation’s ETF & Index Investment (EII) business on compliance risks relating to building diversified portfolios, providing APAC investors with indexing solutions, and working with competitors and clients in developing and maintaining the ETF ecosystem.
The scope will include problem solving, dealing with regulators and providing constructive challenge to the business. You will be integral to continually enhancing our Compliance strategy and execution of deliverables. Location of this role will be based in Hong Kong.
Expected to over time expand scope and learn about the other investment businesses at the organisation. Includes gaining subject matter expertise to be able to advise all businesses dealing in equities including the trading function, portfolio managers and capital markets.
Key Responsibilities:
Advising on best practices in compliance and regulatory risk management. Partnering with the business to assist them to achieve objectives. Knowing how the investment management industry functions, the challenges faced, current trends and the responsibilities of the fiduciary manager.
Advise on local, regional and global laws, regulations, and the organisation’s policies and procedures, such as reallocation. You will participate in global and/or regional compliance initiatives to ensure global consistency, implement new requirements and ensure best practices.
Participate in the launch of new product and business initiatives. You will liaise with regional Compliance teams and regulators to assist the business with policies and procedures. Ability to project manage and work in collaboration with other stakeholders to achieve results is important.
Conduct risk-based compliance monitoring and perform in-depth reviews of processes within the business to identify compliance and regulatory risks and advise on solutions as appropriate. This will include issues and incidents that arise from time to time.
Responsible for reviewing high risk sales and marketing materials, as well as product documents produced by EII business to ensure that such documents comply with the applicable regulatory requirements and internal standards.
To provide compliance training to the EII investment business in APAC and advise on licensing matters in Hong Kong in particular (SFC and MPFA). Ensure that the licensed corporation and its representatives understand how to comply with the relevant licensing requirements.
Advise on completing regulatory filings in Hong Kong and other jurisdictions in APAC relating to ETFs and funds. Liaise with regulators and draft responses to regulatory enquiries.
Experience, Skills & Knowledge Required:
University degree in Finance/Accounting/Law/Business/Economics with recognised professional qualifications preferred.
At least 5-8 years relevant working experience in investment compliance at an asset manager or other financial services organisation.
Previous experience in ETFs or the EII ecosystem is preferred but not required. Markets experience, possibly with understanding of structured products, will also be considered.
Good understanding of the regulatory environment in Hong Kong and/or Singapore. Regulatory knowledge of mainland China and/or other Asia Pacific jurisdictions is an advantage.
Strong analytical, problem solving and communication skills. Ability to think outside the square.
Excellent time management and organisational skills. Ability to lead projects with minimal supervision and the ability to work autonomously.
People management skills - influencing and leadership skills.
Team player who is sensitive to the needs of the functional business units and other stakeholders.
Excellent written and spoken English; proficiency in Cantonese and/or Mandarin would be an advantage.