Job Description :
Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
Manulife Asset Management (MAM) is the asset management division of Manulife Financial Corporation. MAM’s diversified group of companies and affiliates provides comprehensive wealth and asset management solutions for institutional investors, investment funds and individuals in key markets around the world.
This investment expertise extends across a full range of asset classes including equities, fixed income, derivatives, and alternative investments such as oil & gas, real estates, timber, farmland, as well as asset allocation strategies.
Manulife Asset Management has investment offices across multi-continents Asia, North America and Europe. Manulife Asset Management has more than 100 years of experience managing portfolios for The Manufacturers Life Insurance Company, John Hancock Life Insurance Company, and other major clients and is a leading global investment management group.
Manulife Asset Management Hong Kong (MAM-HK) is the Regional Wealth Operations in Asia and serves as the hub for Wealth Operations in other Asian territories (including Singapore, Malaysia, Vietnam, Philippines, Thailand, Indonesia, Taiwan and Japan).
The position reports to the Director of Wealth Operations and is primarily responsible for the areas below across Asia.
Responsible for Manulife One Fund Account ( MOFA’) operations of wealth operations Hong Kong including but not limited to client onboarding, maintenance, transaction processing, settlement, cash movement, cash reconciliation, reporting, service maintenance with stakeholders and monitoring of service quality from MOFA service providers.
This is a senior role within the Asia Wealth and Asset Management Operations group.
MOFA is an open architecture platform includes in-house and external funds.
Major responsibilities and requirement for this role :
Ensure the processes which include but not limited to MOFA client onboarding, KYC / AML, name search, Client Agreement and client’s suspicious transactions are enforcement of and adherence to company guidelines as well as compliance with regulatory requirements.
Ensure the processes of client’s MOFA instructions which include but not limited to Subscription, Redemption, Switching, Transfer, Cash instruction, Settlement Bank reconciliation and Change of Record are enforcement of and adherence to the cut-
off time of MOFA Funds and requirement from multiple Fund Houses.
Ensure settlement instructions which include but not limited to subscription to MOFA multiple fund houses, redemption / cash proceeds to investors and fees payments are enforcement of and adherence to the MOFA cut-off time.
Ensure reconciliation of MOFA holdings and cash are well and accuracy managed.
Ensure the processes of FATCA / CRS reporting for MOFA are enforcement of regulatory requirements.
Ensure MOFA reporting with internal stakeholders / peers are distributed on time.
Ensure collaboration with stakeholders is well managed.
Ensure projects of MOFA operations are being well managed and completed on schedule.
Ensure resources in good utilization and management for job allocation.
Ensure MOFA team’s job rotation, training, communication are well in placed and managed
Ensure MOFA team performance is well monitored and managed
Ensure to achieve business and team’s goal which assigned by supervisor / management
Strong team coaching and people management skill is required which include but not limited to the below :
Collaboration Fosters productive working relationships across diverse groups to produce superior solutions, build beneficial networks, and achieve collective business goals.
Compelling Communication Expresses ideas and shares information clearly and concisely; articulates messages, modifies approach, and builds connections / trust.
Influence & Persuasion Moves others towards a position (point of view), with or without authority, by setting expectations, and a compelling rationale with an enterprise-wide mindset.
Innovation Mindset Encourages curiosity and diversity of thought to generate ideas, experiments and take calculated risks to improve the business.
Adaptability Effectively adapts and supports integrated change to achieve desired results; champions an inclusive environment that motivates and inspires necessary action during times of change.
Executing With Excellence Sets challenging objectives and is focused on achieving results aligned with the organization’s vision;
pursues excellence in planning and delivering sustainable results.
Continuous Self-Improvement Recognizes one’s strengths and limitations, establishes personal growth goals and pursues self-
Solution Focused Owns problems through to resolution, makes timely decisions and applies analytic / systematic reasoning to positively impact team results, organizational performance and the customer experience.
Building And Leading Teams Builds high performing teams; leverages unique talents of others; fosters trust and credibility.
Coaching And Developing Modifies coaching style as needed; aligns individuals’ unique interests, abilities, and motivations with opportunities for growth.
Inspiring Commitment Creates environment to encourage and motivate individuals and teams to stretch beyond what they thought they could do;
maintains high standards and role models desired behaviours and actions.
Talent Management Applies understanding of current and future business needs to attract, develop and retain key talent;
shares talent and encourages talent movement across the organization.
MOFA Operations Obligation / Preparation
Ensure enforcement of and adherence to company guidelines as well as compliance with regulatory requirements.
Review existing process and procedures with a view to identify opportunities for improvement or re-engineering
Develop improvement plans by conducting hazard analyses; identifying critical control points / potential risks and preventive measures
Prepare quality documentation and reports by collecting, analyzing and summarizing information and trends including failed processes, stability studies, corrective actions, and re-validations.
Monitor of service quality delivery from MOFA service providers.
On time reporting with internal and external stakeholders.
Assist to co-ordinate and implement MOFA projects and initiatives.
Assist to co-ordinate for Asia Wealth and Asset Management Operations projects and initiatives.
Knowledge / Skills / Competencies / Education :
Bachelor’s degree in Accounting, Finance or Business with over 10 years’ relevant working experience, particularly in multiple product platform distribution operations / wealth management operations with nominee structure.
Experience in process and oversight of multiple funds distribution operations with nominee structure.
Experience in process and oversight for settlement, cash movement, cash reconciliation and control including but not limited to settlement payment with fund houses, investors and relevant fees payments from investors and fund houses.
Experience in people supervisory / managerial for over 5 years
Experience and knowledge in client (individual and corporation) on boarding including but not limited to KYC / AML checking and monitoring.
Experience and knowledge in order placement, execution and management under nominee structure.
Experience and knowledge in FATCA and CRS reporting.
Experience in project management with key stakeholders.
Experience in monitor service quality with external service providers.
Strong sense of risk and immediate alert management is essential.
Strong interpersonal skills to deal effectively with internal and external parties.
Possess sound general knowledge of financial markets.
Proactive / can-do approach and attitude. Thorough attention to detail and accuracy of delivery.
Demonstrate strong organizational skills, able to multi-task, prioritize and meet deadlines and the flexibility to work in a fast changing environment.
Proven experience influencing and working collaboratively with internal clients.
Strong problem solving skills with the ability to research issues where the resolution is not readily apparent.
Computer literacy with common PC applications (i.e. familiarity with Microsoft Office, particularly Excel & PowerPoint), and experience with Transfer Agency, operations of fund distributor and Portfolio Accounting systems an advantage.
Excellent command of written and spoken English and Chinese
SFC Type 1 License