Associate Director, Global Trustee and Fiduciary Services
Kowloon City, Kowloon, HK
GCB 4
Role Purpose
To lead, manage and develop a team responsible for:
• Executing trustee responsibility, ensuring alignment with fiduciary obligation and investor protection
• Overseeing and ensuring the investment funds are operating in accordance with relevant rules and regulations as prescribed by the MPFA, SFC, HKMA Regulations and the constitutional documents of the funds
• Acting independently as Trustee to review, monitor the reporting or report the incidents. breaches and non- compliance issue to regulator.
• Regularly monitoring the service of funds operators (including fund manager, internal and external service providers)
• Ensuring prompt and effective responses to inquiries from fund manager / operators / regulators, consulting internal stakeholders and risk stewards as appropriate
• Regular review and update of internal regulatory mapping files, delegation documentation, and internal procedures to maintain robust governance frameworks
• Monitoring the regulatory updates and assessing their impact on trustee operations and implement necessary changes to ensure ongoing compliance
• The role is relationship driven and will involve conversation with clients.
• Support RFPs, representing the trustee in RFP and DD meetings.
Principal Accountabilities
• Developing and implementing oversight strategies to ensure investment funds operate in accordance with the MPFA, SFC, HKMA regulations and constitutional documents of the funds.
• Ensuring operations procedure is effectively designed and followed by the teams.
• Act as a link between the team and other stakeholders to ensure business is conducted appropriately, ensuring a high standard of Trustee service is provided
• Provide strategic guidance on complex regulatory and operational issues, ensuring timely resolution and escalation when necessary
• Act as the escalation point of contact for trustee clients in relation to Regulatory developments and client queries.
Knowledge & Experience
• The role can be performed only by a Licensed Representative licensed for SFC Regulated Activity Type 13 (i.e. RA13 license). If not already licensed as such, the role holder must be capable of fulfilling the licensing conditions relevant to RA13 including passing the relevant examination/s and having the relevant professional qualifications and/ or industry experience.
• Appropriate Trustee or Funds experience, with at least 5 years’ experience at manager level.
• Solid understanding of financial instruments, stock markets and derivatives.
• A good appreciation of the Hong Kong funds regulatory environment and detailed knowledge of regulatory developments
• Appropriate technical knowledge to deal with legal, accounting and technical issues arising in relation to the oversight of fund operations
• First rate communication and presentation skills
• High degree of computer literacy, supported by numeric and analytical skills with strong attention to detail
• Experience and confidence in dealing with clients at a senior level
• Demonstrate management and coaching skills.
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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Issued by The Hongkong and Shanghai Banking Corporation Limited.
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