Assistant Manager Central Operations

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If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Corporate and Institutional Banking (CIB) is a markets-led, financing-focused business that provides investment and financial solutions. Within CIB, Securities Services provides robust and reliable solutions that help clients mitigate risk and enhance their business performance. Working with institutional investors, banks, insurance companies, governments, and multinational corporations, this team covers fund administration, global custody, sub-custody and clearing, and corporate trust and loan agency services.

We are currently seeking an experienced professional to join this team in the role of Assistant Manager Central Operations

Role Purpose

Manage private trust operations of the company in accordance with the client’s trust documentation. Responsible for estate administration processes, distribution and closure. Ensuring trust transactions, reconciliations are accurate and up to date.

Key Responsibilities

• Coordinate estate administration processes, distribution and closure
• Attend to client’s queries
• Ensure adherence to Malaysian trust law, and regulatory standards (AMLA, FATCA, CRS)
• Oversee the preparation, review and reconciliation of trust financial accounts
• Ensure accurate recording of trust income, distributions, fees and expenses, tax payments.
• Maintaining accurate and up-to-date accounting records for trust accounts
• Preparing annual financial statements in accordance with accounting standards
• Perform timely bank reconciliations and substantiation
• Oversee the preparation of tax computations, tax filings and liaising with tax agents
•  Ensure compliance with audit, regulatory obligations related to trust accounts.
• Liaise with internal and external stakeholders; work closely with relevant teams and provide regular update to Management
• Strict observation of HSBC internal controls standards, maintain awareness of operational risks and minimize the likelihood of occurrence by identifying, assessing, mitigating and controls, loss identification and reporting 

Requirement

• A degree in Accounting or Finance
• At least 3-year experiences or with sound knowledge of private trust / estate administration
• Ability to work independently and cautiously with good communication and interpersonal skills
• Expected to plan, manage and co-ordinate the day-to-day operation within priorities and service level agreed internally & externally
• Mature, independent and able to work well under pressure
• A highly accountable individual, self-starter and results oriented 

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation needed will be prioritised.

You’ll achieve more when you join HSBC.

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Issued by HSBC Bank Malaysia Berhad