HIFL Head of Regulatory Compliance

  • tbc
  • Luxembourg
  • Permanent, Full time
  • HSBC Bank plc, Luxembourg Branch
  • 17 Oct 17 2017-10-17

HIFL Head of Regulatory Compliance

Headquartered in London, HSBC is one of the world's largest banking and financial services organisations. With more than 6,300 offices in both established and emerging markets, 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.

We serve around 54 million customers through our four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 75 countries and territories in Europe, the Asia-Pacific region, the Middle East, Africa, North America and Latin America.

Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by about 216,000 in 131 countries and territories.

HSBC Global Asset Management is the asset management division of the HSBC Group, dedicated to managing assets for institutions and individuals worldwide. It has $470bn of assets under management and operates in over 20 countries.

The HSBC Group in Luxemburg employs around 400 people in several global business lines. HSBC Investment Funds (Luxembourg) S.A. (“HIFL”), part of HSBC Global Asset Management, provides local Management Company services for several of HSBC’s Luxembourg domiciled investment funds with total assets under management of approximately US$43 billion.

We are currently looking to recruit a:

HIFL Head of Regulatory Compliance
Permanent contract

Role and Responsibilities:

Supporting the two Conducting Officers of the Management Company, reporting functionally to the Head of Regulatory Compliance in HSBC Global Asset Management (UK) and to the Country Head of Regulatory Compliance, you will be responsible for supporting the HSBC Investment Funds (Luxembourg) (‘HIFL’) business to ensure that compliance controls and procedures are in place to enable it to comply with all relevant regulations, law and codes in accordance with the HSBC Group Compliance Policy and the respective local regulations in HIFL’s capacity as management company of the Luxembourg domiciled HSBC funds.

The role specifically requires that HIFL, in conjunction with the Conducting Officers, adheres to its obligations as a Management Company under Chapter 15 of the Luxembourg Law of 17 December 2010 on Undertakings for Collective Investments.

The HIFL Head of Regulatory Compliance will have to be registered with the CSSF and approved by the CSSF.

 Experience and skills required:

• Bachelor or Master degree or equivalent;
• At least 7 years in the financial sector and more specifically experience in legal or compliance within the asset management and investment funds area; preferably in a Luxembourg Management Company.
• Knowledge and experience working with UCITS and AIF structures

• Good working knowledge of regulations applicable to Luxembourg Funds and Financial Companies specialising in funds services, and a good understanding of the requirements of the compliance function. Some experience of the mutual fund industry offshore appreciated;
• Exceptional written and verbal communication skills with an ability to analyse, synthesise and clearly summarise composite matters;
• Strong negotiation skills with the ability to influence positively and manage relationships throughout HSBC Group operations;
• Results-oriented with careful time management discipline and focus on continuous improvement;
• Dynamic and self-motivated person with a naturally proactive approach;
• Experience in matrix managed company is considered an advantage;
• Excellent verbal and written communication skills, with good command of the English language and if possible of another European language (preferably French and/or German).

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: luxrecruitment@lu.hsbc.com

HSBC in Luxembourg strives for true diversity in its workforce and as such we are an equal opportunities employer and positively encourage applications from all suitably qualified candidates.

Please note that due to the volume of applications received, we will acknowledge your application only if we wish to proceed to interview. If you have not received a response within 4 weeks your application has not been successful.

Please also note that every selected candidate will have to provide us with a valid criminal record check in due time.