HSBC Group

Business: Global Fund Services

Open positions:1

Role Title: Manager Regulatory Reporting Global Ops HIFL GSC’s

Global Career Band: 6

Location (Country / City ): India/Bangalore

Recruiter Name : Sowmya Basavaraju

The Opportunity:

• Asset management is an attractive industry and one highly relevant to HSBC’s client franchise and strategic growth agenda.  It is an industry which is growing rapidly but also experiencing an unprecedented level of change and potential disruption, driven by regulatory scrutiny, changing client needs, and industry pricing pressures.

• This role will provide an opportunity to work with stakeholders across management companies (mancos) in UK, Luxembourg, Guernsey, France, Hong Kong, Singapore and US.

• Responsibility is to work with tax advisors to ensure relevant data is available for completing timely tax filings.

• Strategic thinker who can identify improvement opportunities in existing processes and ensure there is consistency in activities performed for all the management companies

• Expected to be fungible and interested in learning activities across the team

• Appropriate governance over tax deliverables through a monitored tax calendar shared across jurisdictions

What you’ll do:

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

• Review preparation of individual and corporate tax returns in the international market

• Gather insights on Tax related developments through our appointed vendors (Big 4) and ensure all our Tax activities are completed in accordance with the regulations

• Completion of tax documentation for local authorities (such as W8-BEN forms)

• Co-ordinate Investor Tax reporting process for UK Fund Investors within HSBC and ensure accurate data is provided to Tax agent

• Set up tax advisors at account opening where needed 

• Provide data for tax declarations and their review. Ensure that declarations are submitted within deadlines.

• Liaise with tax advisors and ensure that questions from local authorities are answered

• Assist with tax audits by providing necessary documentation

• Staying updated on changes in tax laws and regulations

• Maintain accurate records of documents including tax-returns, supporting schedules, correspondence with tax authorities

Leadership & Teamwork 

• Build and maintain string working relationships with teams across regions and functions

• Proactively engage with internal stakeholders to ensure alignment and readiness for tax deadlines

• Provide knowledge transfer and best practice sharing with the team

• Contribute to a culture of continuous improvement and operational excellence

What you will need to succeed in the role:

Functional Knowledge

• Understand Tax implications for Hedge Funds, Private Equity, Private credit, Real estate Mutual Funds, Regulated Investment Companies etc

• At least 3 years of experience in dealing with Taxation in Alternative Investment products like private credit, hedge funds etc

• Proficiency in financial accounting principles and practices including knowledge of GAAP and IFRS

• Basic understanding and working knowledge of IRS Forms W-9 and W-8 and their associated requirements

• Education to degree level in a quantitative subject (finance, accounting and tax)

• Being aware of the changes in the market and the tax code

• Outstanding communication skills, capable of dealing with clients and intermediaries

• Ability to work to tight deadlines under pressure, while maintaining close attention to detail

• Excellent organizational and time management skills with a positive and pro-active ‘can do’ attitude

• Ability to work remotely with diverse teams of people on a cross-border basis.

• Experience in implementing automated workflows is desired but not mandatory

Link to Candidate User Guide:

https://hsbchrdirect.service-now.com/nav_to.do?uri=%2Fhrsp%3Fid%3Dkb_article_preview%26sys_id%3D0c6b11641b6a9810cec0553a2d4bcb2a

(Or)

Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard

You’ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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