Trustee Compliance Manager, Vice President
Citi
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Trustee Compliance Manager, Vice President

Citi

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Details
Posted:
March 21, 2021
Location:
Salary:
Open
Type:
Full Time
The Fiduciary Specialist is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

The role is the Compliance Manager for Trustee Services in Hong Kong. He/she will be responsible for developing and driving the trustee business in Hong Kong while discharging trustee duties and responsibilities under MPFA and SFC requirements, fund documentation and trust law in Hong Kong and performing overall fiduciary oversight over all fiduciary business. Support business growth and development of fiduciary product expertise especially in the area of new product or client segments.

Responsibilities:
  • Support business growth and development of fiduciary product expertise especially in the area of new product or client segments.
  • Participate in sales pitch and clients presentation to solicit new business.
  • Work with Product and Operations teams to develop trustee solutions for approved pooled investment funds, SFC authorized unit trusts, such as, exchange traded funds, Leverage & Inverse Product, futures and options funds, open-ended fund company.
  • Implement new fund onboarding or funds changes, which include performing fund documentation review, e.g. trust deed, custody agreement, etc.
  • Work with all both external (fund managers, professional firms, regulatory agencies, etc.) and internal stakeholders to ensure the smooth and proper running of the trustee business, e.g. monitoring of service providers, resolution of issues, presenting in board meeting, etc.
  • Implement or maintain a robust and comprehensive monitoring and reporting of fiduciary services framework and mechanism.Ensure the fiduciary services business is conducted in accordance with all relevant internal policies as well as rules and regulation.
  • Manage relationship with regulators in Hong Kong, namely MPFA and SFC, as well as clients.
  • Oversee the fiduciary deal review process, monitor and manage product deviations.
  • Stay abreast of market and regulatory developments in the fiduciary and fund services industry and analyze the opportunities and challenges of these developments on the business.
  • Assist in the reporting and tracking of all findings to resolution
  • Engagement in projects and additional tasks as required by the Senior Fiduciary Client Manager.
  • Complete and monitor Procedures Manual for immediate area of responsibility
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:
  • 6-10 years of experience
  • Extensive years of Fiduciary or other compliance or financial services related experience
  • Thorough knowledge of Regulatory Framework

Education:
  • Bachelor's/University degree, Master's degree preferred


This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


Job Family Group:
Product Management and Development
Job Family:
Fiduciary Services
Time Type:
Full time
Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting

Internal Number: 10583175
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