Some careers have more impact than others.If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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 a high calibre professional to join our team as a Head of Funds Oversight, Trustee.The role holder will ensure the HSBC values are present in everything we do, both individually and as an organisation. This will be achieved by consistently displaying the behaviours of:Dependable and do the right thingOpen to different ideas and culturesConnected to customers, communities, regulators and each other.

Background

Global Trustee Fiduciary Services (GTFS) is a global Securities Services (SSv) product and is accountable for the Trustee, Depositary and Fiduciary proposition for Asset Managers and Owners as well as some pension arrangements in HK, and the design and operation of the business models to support this. This role will focus on a segment of trustee operations for institutional funds for which HSBC Institutional Trust Services (Asia) Limited (“HTHK”) acts in a fiduciary capacity and will report directly to the CEO of HTHK.

Role PurposeLead the fiduciary oversight of a segment of operators of institutional funds such as fund administrators, transfer agents, and fund managers, in compliance with Hong Kong regulations and to a best-in-class standard.To lead key business teams amongst GTFS and to be a Responsible Officer (RO) and a Key Business Line (KBL) Manager-in-Charge (MIC) under the SFC Type 13 or any senior regulatory roles of any regulatory regimes in Hong KongThe role holder is expected to be responsible for designing and implementing a robust fiduciary oversight framework for funds under trusteeship of HTHK, over Fund Services activities outsourced to HSBC affiliated and non-HSBC affiliated third parties, including but not limited to, fund administration and transfer agency/registrar services. This includes monitoring of KPIs, conducting due diligences, oversight of material and non-material risks, as well as supervising and tracking remediation plans proposed by oursourced service providers.As a member of the HTHK Executive Committee, develop and execute the GTFS strategy in Hong Kong that is aligned to GTFS strategic priorities, HTHK Board’s directives and Hong Kong statutory requirementsCollaborate with Trustee Regulatory Product team to ensure all regulatory requirements are considered (e.g. Codes and Guidelines issued by the Securities and Futures Commission etc.) in the design of the fiduciary proposition in Hong KongWorking closely with the concerned Product teams, ensure GTFS is proficiently equipped from a financial and non-financial resources perspective ensuring activity is efficiently located in the operating model.Represent HSBC in the respective industry groups and committees and influence initiatives on our clients’ and on our own behalf.Work closely with HTHK CEO and Product teams, Sales teams, Client Management, Country Management, Technology and Operations to deliver a seamless and best-in-class fiduciary proposition to ensure high client satisfaction.Support CEO and CRO of HTHK as a Control Owner of various key controls in the HTHK Risk Control Assessment.A member of the various executive forums within SSv Products as appropriate and responsible for representation of all aspects of GTFS key business targets to be met.Promote an environment of inclusion, diversity, collaboration and trust within the Group, helping teams to define the plans and to remove their barriers to delivery.Motivate, drive and provide leadership to a team and provide hands on direction, mentoring and coaching to those involved in the team.Inspire confidence in the future vision with enthusiasm and commitment fostering strong working relationships across SSv and broader Markets Securities Services.Promote the value of challenging the status quo, seeking to improve ways of working and having a forward-thinking mind-set, in line with the HSBC Group’s Values and Strategy.Management of RiskResponsible for effectively managing financial and non-financial risks within the approved risk appetite of the business. Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology.Demonstrates compliance with HSBC Group standards, manuals and policies and adheres to the defined work practices, internal controls and risk management standards associated with the role.Observation of Internal ControlsMaintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business activities associated with the role, specifically HSBC internal controls and compliance policies and manuals.