Head of Alts Ops Valuation Oversight - HSBC Global Asset Management

HSBC · Central

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GCB 4

We are currently seeking a high calibre professional to join our team as a Head of Alts Ops Valuation Oversight.

In this role you will:

1. • Establish the Global Valuation Oversight Pillar (target model)

• Design, mobilise and lead a global valuation oversight function spanning all Alternatives capabilities and regions, independent from investment decision-making and local alternatives operations teams.
• Define the scope of coverage, governance and resourcing model (including location strategy aligned to global coverage and time zones).
• Build and lead a team with the right blend of valuation, controls, and change/ technology capability; set objectives and performance standards.

1. • Own Valuation Governance & Control Framework (end-to-end)

• Define clear roles, responsibilities and accountabilities across the valuation lifecycle (e.g., 1st line valuation production vs independent oversight/challenge).
• Establish and/or confirm required committees and forums (e.g., valuation committee structures, escalation routes, periodic deep-dive reviews).
• Set and enforce minimum global control standards including (as applicable): maker–checker and independent challenge expectations, governance, tolerance / thresholds and exception handling, escalation and issue management standards.
• Ensure consistent application across regions, entities and product types, with appropriate local regulatory considerations.

1. • Valuation Policy, Methodology & Process Standards (regulatory-ready)

• Enhance, maintain and harmonise valuation policies and methodology standards for complex/ illiquid instruments (e.g., Private Equity, Private Credit, Real Assets).
• Drive robust documentation standards (methodology rationale, assumptions, input hierarchy, limitations, controls performed, approvals).
• Ensure policies and processes meet heightened regulatory expectations and are defensible for audits, regulators, AIFM/administrator oversight and external reviews.

1. • Independent Oversight and Challenge of Models, Inputs and Third Parties

• Provide independent oversight and credible challenge of valuation models and key inputs, including third-party pricing sources, administrators and external valuers.
• Ensure model support, validation readiness, and consistent evidence trails to support Internal Audit and regulatory reviews.
• Lead thematic reviews and deep dives on higher-risk areas (e.g., hard-to-value assets, stale pricing, overrides, liquidity events, bespoke structures).

1. • Risk Mitigation, MI/KRIs, Issue Management and Continuous Improvement

• Build a robust MI framework (quality indicators, timeliness, exceptions, overrides, challenge outcomes) and define KRIs aligned to risk appetite.
• Lead remediation of control gaps via taskforces and action plans; track and report issues to senior management and governance forums.
• Partner effectively with Risk, Compliance, Finance, Audit and Investment teams while preserving independence of the valuation oversight function.
• Manage key external stakeholders (e.g., AIFM, auditors, administrators, external valuers) and ensure oversight expectations are consistently met.

1. • Technology Enablement/ AI and Systems Roll-out

• Define tooling strategy to support valuation controls and oversight (workflow, controls attestation, exception management, audit trail, MI/KRIs).
• Support rollout of the operating and supporting model across Alternatives capabilities, ensuring adoption and sustainable run-state.
• Partner with Technology to leverage automation/AI where appropriate (e.g., anomaly detection, stale price identification, automated tolerance checks, documentation completeness).

To be successful you will need:

• Significant experience leading valuation governance/ oversight for Alternatives (e.g., Private Equity, Private Credit, Real Assets, Infrastructure Debt, etc.), within an Asset Manager, fund administrator, valuation specialist, depositary/AIFM oversight, or relevant banking/ market function.
• Proven track record designing and implementing control frameworks and governance (committees, escalation, maker–checker, challenge standards, issue remediation).
• Strong understanding of valuation methodologies for complex/ illiquid private assets and the ability to provide credible independent challenge to investment teams, administrators and external valuers.
• Demonstrated ability to operate in a global, matrix environment and influence senior stakeholders while maintaining independence.
• Experience preparing for and responding to audit and regulatory scrutiny; strong evidence trail mindset.
• Experience with third-party oversight models (administrators, external valuers, auditors, AIFM/depositary interactions).
• Technology literacy: ability to define requirements and deliver workflow/controls tooling; practical familiarity with automation/analytics/AI use cases in controls or valuation oversight.
• Degree in Finance, Economics, Accounting, Mathematics or related discipline (or equivalent experience).
• Professional certifications (e.g., CFA, CAIA, ACA/ACCA, FRM) are a distinct advantage.
• Independent judgement & constructive challenge: confident, evidence-based, calm under scrutiny.
• Governance leadership: can set standards, drive decisions, and hold the line on control discipline.
• Structured problem solving: turns ambiguity into operating models, policies and measurable outcomes.
• Stakeholder management: strong partnering across Investment, Ops, Risk, Compliance, Finance, Audit and third parties—without “going native”.
• Execution focus: delivers at pace, prioritises what matters, drives closure on issues.
• Communication: clear, concise written and verbal communication on complex topics; produces defensible documentation.
• Fluency in English; other languages are an advantage.

The employment is subject to Mandatory Reference Checking Scheme (MRCS) as per regulatory requirement. For details, please refer to (Mandatory Reference Checking Scheme Phase 2 | The Hong Kong Association of Banks).

Opening up a world of opportunity
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