Senior Macro/Investment Strategist

HSBC
London - United Kingdom
S: Competitive

Role Purpose
· The Senior Macro/Investment Strategist will help the Macro & Investment Strategy Team provide analysis and commentary on global macro and investment strategy issues, producing reports, carrying out analysis and presenting internally and externally.
· The role covers all major asset classes and geographies.

Key activities
· Provide investment and economic analysis and commentary internally and externally in a variety of formats so as to inform multi-asset and single asset investment decision-making process and enhance HSBC GAM brand and visibility.
· Contribute to and create consistent workflow of high quality written economics and investment related outputs. e.g. Write articles for investment quarterly, contribute to and edit/comply Investment Daily and Weeklies. Write and contribute to monthly investment views. Propose and write New World Insights and Investment Events. Provide ad hoc commentary and advice as requested internally and externally.
· Present and communicate externally to enhance HSBC GAM brand to attract and retain existing and prospective clients.
· Carry out internal research into longer-term economic and investment themes and their potential impact on expected returns by asset class and thereby contribute to internal "knowledge capital" of HSBC AMG
· Develop and coach more junior members of the team, through checking and enhancing quality of their work and helping them undertake research and put together presentations etc

Customers / Stakeholders
· Global CIO
· Equity CIO
· Fixed Income CIO
· Multi Asset CIO
· RBWM

Leadership and teamwork
· Success in this role is dependent on developing effective working relationships with colleagues in the Macro & Asset Strategy team in London and HK, as well as the HSBC AMG Front Office, and global and regional CIOs and PMs and RBWM.
· Therefore, the ability to influence and interact with people at many levels is important.

Operational effectiveness and control
· Ensure investment communications processes meet the standards set out by relevant compliance standards;
· Ensure effective processes and governance in the Macro & Asset Strategy team on a daily basis.
· Edit, comply and check written work for accuracy and consistency

Major challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)
· The role will touch on a wide variety of subject matters and require a variety of skills – finance, economics, econometrics, writing and presenting skills, attention to detail and analyse long-term investment topics as well. Therefore, the candidate needs to be intellectually adaptable. The candidate should also have extensive experience of working directly in asset management and writing frequently and to a high standard.
· The job will require often working to tight deadlines, therefore the candidate needs to be good at organising time, as well as having attention to detail for complying publications under the self-compliance process.
· Role requires detailed knowledge of, and keeping up to date with, changing investment and economic landscape as well as ability to write clearly and concisely and interact with and influence investment professionals at a variety of levels.
· The role will require frequent interactions with other people and teams within the Macro and Asset Strategy team, Front Office, Global and regional CIOs and PMs, other investment and communications functions of AMG, RBWM and third-parties. Therefore, the candidate needs to be effective at working with and influencing people and teams.

Role context (The environment and operating conditions of the role including the extent of guidance and authority)
· AMG's vision is to be the leading asset manager for HSBC's clients. That vision was endorsed by the Group Management Board in 2010, when it approved AMG's strategy (or 'Medium Term Outlook', MTO). The MTO envisages AMG will develop two particular areas of growth;
· Emerging markets. AMG is already one of the world's largest emerging market global asset management companies, with a distinctive strength in both domestic and cross-border capabilities; and
· Wealth management. AMG is part of Retail Banking and Wealth Management (RBWM), with whom we work closely to provide a range of managed solutions that meet the needs of our retail customers to manage and grow their wealth.
· Since the MTO was approved, AMG's Front Office has worked hard to globalize its investment management teams by asset class (equities, fixed income, multi asset, liquidity and property) and to develop and implement consistent investment processes across each of those asset classes and communicate these, including to RBWM. Significant progress has been made, but much work remains to be done.
· The Senior Macro/Investment Strategist will assist in this ongoing process of globalization and communication, as well as enhance the quality of internal investment analysis and building the "internal intellectual knowledge capital" of HSBC AMG.

Management of risk (Operational Risk / FIM requirements)
· As described above, amongst other things the Senior Macro/Investment Strategist will be responsible for:
· Checking for accuracy and consistency in publications e.g. self-complying dailies and weeklies
· Building the internal "intellectual knowledge capital" of HSBC AMG..

Observation of internal controls (Compliance Policy / FIM requirements)
· As described above, amongst other things the Senior Macro/Investment Strategist will be responsible for:
· Ensure effective processes and governance in the Macro & Asset Strategy team on a daily basis such as self-complying dailies and weeklies;
· Ensuring consistency in expressed investment views and rigour in internal analysis documents with attention to detail

Qualifications

CFA qualification or other equivalent highly desirable, Masters and degree in economics/financial economics.
Experience in an asset management role as an investment strategist/economist covering both equities (including sectors) and fixed income. Ability to interact with senior investment professionals. Experience of tactical and strategic asset allocation.
Econometric modelling skills and experience such as in developing leading indicators model or examining relationship between earnings growth and GDP growth.
Detailed knowledge of investment and economic landscape as well as ability to write clearly and concisely and interact with and influence investment professionals at a variety of levels.
Ability to develop and present well thought out views on the likely evolution of the business cycle in various economies (both developed and emerging economies).
Strong writing skills required, and ability to meet tight deadlines.

We are an equal opportunity employer and are committed to creating a diverse environment.

Job summary