Role Title: Portfolio Analytics Specialist
Business: Private Banking
New or Existing Role: New
- Responsibility for;
- Portfolio construction and risk analysis;
- Implementation of asset allocation models in client portfolios, in conjunction with investment strategist investment Counsellors and Product Specialists. Robust application of the investment framework of the Advisory platform and assessing the output and investment implications of the portfolio analysis.
- Collaborating with Investment Counsellors in attracting and retaining assets under management, identifying investment opportunities and ensuring client risk exposure is aligned with their profile.
- There is a significant amount of global and local coordination to ensure consistency and adopting of best practices.
- The role requires the development of quality output to enhance the client experience and ensuring that ICs are equipped to deliver high quality investment conversations.
- In addition, the successful candidate will be expected to proactively identify investment opportunities and portfolio enhancements underpinned by the Global Investment Committee themes/asset allocation, in order to drive the increase of invested assets.
- This role is expected to grow in scale as demand for the Advisory platform increases over time and portfolio construction needs evolve.
Impact on Business
·Be a primary source of expertise on the systems capability and wider advisory proposition
·Implement HSBC Private Banking’s Strategic Asset Allocation/Tactical Asset Allocation into UK Advisory models.
·Construct and maintain house models with implementation ideas (Mutual Funds, ETFs, structured investments, equity, fixed income, alternatives, cash products) in line with risk budget, using various risk analytics and tools.
·Monitor performance of portfolios, models and products versus benchmark.
·Proactively identify trading opportunities for individual clients but also wider opportunities for multiple portfolios
·Develop the quality and content of client materials/portfolio reviews/pitches, leveraging the available metrics but delivering them in a way which enhances the client experience
·Drive enhancements to reduce underlying costs, reduce risks and provide fair outcomes to clients
Customers / Stakeholders
- Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
- Collaborate with ICs in constructing customized portfolios.
·Work with fund selection teams and product specialists in understanding underlying implementation vehicles and the impact of adding them to client portfolios.
·Liaise with trading platform providers to resolve issues or secure enhancements.
·Participate in PB investment committees and relevant governance committees
·Communicate changes to Front Office, ICs and ICAs on a timely basis
·Ability to position investment opportunities with internal and external stakeholders and influence buy-in
·Play a key role in client meetings to enrich and deepen the quality of the investment conversation
Leadership & Teamwork
- Encourage team results and behaviour.
- Assess Global Investment Committee output with regard to thematics/asset allocation and collaborate with product specialist to understand the impact of adding implementation products to client portfolios
Operational Effectiveness & Control
- Continually reassess the operational risk inherent to the business and team so as to minimise exposure to losses and fraud and maintain integrity.
Management of Risk
- The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.
- This will be achieved by consistently displaying the behaviours that form part of the HSBC Values and culture and adhering to HSBC risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.
- The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
- Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite.
- The following statement is only for roles with core responsibilities in Operational Risk Management (Risk Owner, Control Owner, Risk Steward, BRCM, and Operational Risk Function
- The jobholder has responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards.The jobholder should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks.
- This will be achieved by:
- Continuously reassessing risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
- Ensuring all actions take account of the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant line colleagues, and also by ensuring that actions resulting from points raised by internal or external audits, and external regulators, are correctly implemented in a timely fashion.
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.
Knowledge & Experience / Qualifications
- Minimum Level 6 Qualification (PCIAM or equivalent), SPS Holder.
·Minimum of 5 years of investment experience, including at least five years of multi-asset portfolio construction and implementation.
·Strong knowledge of modern portfolio theory and risk analytics.
·Strong knowledge of asset allocation models and portfolio construction methodologies.
·Prior experience with implementations through various investment vehicles, i.e. mutual funds, equities, fixed income, ETFs, alternatives, structured investments and separate accounts across asset classes and thematics.
- Strong oral and presentation skills in dealing with internal and external clients.
- Experience interacting with internal stakeholders, i.e. Operations, Legal, Risk, Compliance + sales team.
·Resourceful and self-sufficient, with the ability to quickly adapt to new tasks
- Quantitative background essential. Masters degree and/or CFA preferred.
As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.
We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies
We are an equal opportunity employer and are committed to creating a diverse environment.