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Securities Services provides robust and reliable solutions that enhance performance and mitigate risk, today and in the future. Working with institutional investors, banks, insurance companies, governments and multinational corporations, Securities Services offers a range of fund administration, global custody, sub-custody and clearing, and corporate trust and loan agency services.

We are currently seeking a high calibre professional to join our team as a Project Manager.

Principal Responsibilities

Project Brief

The Securities Services (SSV) Regulatory, Tax and Mandatory Change Portfolio is part of the wider Securities Services Strategic Execution Team. We ensure effective and efficient definition, planning, management and execution of global and regional change programmes that are driven by regulatory or tax compliance requirements, or that are mandatory in nature and driven from the CCO or COO functions. Programmes of work often span the organisation and may have HSBC Group or GBM sponsorship.

The Immediate focus for this role will be on the SSv eMPF programme. The eMPF programme was initiated as a result of the announcement by the Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) to reshape the administrative models of Hong Kong Mandatory Provident Funds (MPF pension schemes) by standardising, streamlining and automating them through the development of a centralised, electronic platform called eMPF. This platform will be owned by the eMPF platform Company (eMPF PC – a company set up by the MPFA) and managed by a 3rd party provider (PCCW) on behalf of the Regulator. It is an industry wide change that fundamentally impacts all 12 MPF Trustees and all MPF administrators in Hong Kong. The target completion date for SSV’s schemes to be onboarded to the eMPF platform is by end of 2025.

A proven track record in the successful delivery of fast-paced change initiatives is essential for any successful candidate along with experience in working with regulatory, tax compliance or mandatory driven change. Previous experience working with third party vendors and outsource providers will be very advantageous. Developing and maintaining strong working relationships internally and externally with client contacts and third parties is a key component of the role, as well as stakeholder management and the ability to communicate effectively across all levels of the organisation. The Ability to communicate fluently in both English and Cantonese is highly preferred as many industry wide discussions are conducted in Cantonese.

Role Purpose

The projects will involve the management of multiple work streams and resources from within the RTM change delivery team, as well as across the business sectors and technology change teams. Developing and maintaining strong working relationships internally and with client contacts and third parties is therefore a key component of the role, as well as stakeholder management and the ability to communicate effectively across all levels of the organisation.

It’s advantageous that the Project Manager is able to undertake business analysis if required to define scope, timelines and delivery.

The role may be assigned to other change initiatives dependent on current demand and priorities at the time.

Responsibilities

Project Set Up and Closure: Works with the business to define and agree project scope, structure and benefits and to confirm that outputs and outcomes will support the project delivery and benefits realisationGovernance and Reporting: Creates, implements and operates within an appropriate governance framework which aligns to the wider Group change framework governanceDevises, defines and tracks a detailed project plan in order to deliver the project on time, on track and on budgetMaintains an up to date RAID log and provides up to date project status reports to various forums in both written and verbal formTo provide or support high quality project delivery services in line with the strategic objectives of the businessElicit requirements using interviews, process analysis, requirements workshops, surveys, site visits, business process descriptions, use cases, scenarios, business analysis and workflow analysisCritically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, abstract up from low-level information to a general understanding, and distinguish user requests from the underlying true needsProactively communicate and collaborate with external and internal stakeholders to analyse information needs and functional business requirements and deliver artefacts as needed in line with HSBC project templates and methodologiesLeverage strong analytical and product management skills required to build a thorough understanding of how to interpret regulatory requirements and translate them into applicable operational and technical requirementsDevelop requirements specifications according to standard templates and standardsCollaborate with implementation teams, technology teams and subject matter experts to establish the technical vision and analyse trade-offs between usability and performance needsAct as a liaison between the business units, implementation teams and support teams