HSBC Group

• Dependable and do the right thing
• Open to different ideas and cultures
• Connected 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. 

• Lead 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 Kong 
• The 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 requirements 
• Collaborate 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 Kong
• Working 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.

• Strong experience and knowledge of the funds industry and trustee services including the SFC Type 13  investment fund business and the Hong Kong pension fund activities.
• Experience of being a RO or MIC under the SFC licence regime 
• Solid background of regulations and associated risk of trustee business.
• Experience in operating with senior stakeholders including board directors and executive management.
• Demonstrates an in-depth knowledge of the securities market and the associated market infrastructure with particular attention on fiduciary and oversight responsibilities  
• Demonstrates an in-depth knowledge of the funds industry, the associated market infrastructure and fund structures. Knowledge of investment Hong Kong investment funds structure, including REITs.
• Understands, follows and demonstrates compliance with all relevant internal policy and external 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. Board level and director governance experience an advantage.
• Transformational mind-set. Demonstrates experience delivering on change in a regulated environment.
• Demonstrates a solid grasp of the technology and systems supporting the product.
• Confident and able to communicate at all levels.
• A proactive, self-starter, with drive who can be relied upon to act on initiatives.
• Manages to balance structure & best practice versus pragmatism.
• Experienced leader who can inspire and motivate a team. 
• Inspires trust through credibility evidenced via exceptional communication skills both written and verbal.