Global Bank is looking for a VP to join their Corporate Trust and Fiduciary team, where the candidate will be liaising with SFC, MPFA, and other internal stakeholders. This hire will handle new SFC type 13 license-related regulatory queries and setup.
SFC or MPFA regulator background and CIB business compliance background is preferred.
Responsibilities:
- Oversee the Trustee/Fiduciary relationships for a specific portfolio of managed Fund clients in Hong Kong.
- Aid in managing legal and contractual client documentation, including their safekeeping and upkeep.
- Participate in client meetings as needed and assist in drafting service level agreements.
- Support the establishment of new business ventures and manage client asset and cash accounts.
- Prepare high-level reports for clients and collaborate with internal teams on operational matters and escalations.
- Conduct monitoring checks on investments and borrowing for designated funds, ensuring adherence to regulatory standards.
- Handle breaches and pricing errors, manage data flow between internal teams and clients.
- Monitor and track service level commitments, escalate issues for resolution, and conduct onsite inspections of fund functionaries.
- Assist in preparing inspection reports, tracking findings to resolution, and engaging in special projects as directed.
- Develop and maintain a Procedures Manual for the area of responsibility.
- Assess risks prudently in decision-making processes, ensuring compliance with regulations and upholding ethical business practices.
Qualifications:
- 6+ years of relevant experience in Fiduciary, compliance, SFC/MPFA
- Comprehensive knowledge of Regulatory Framework and compliance requirements.
