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Citi Markets Compliance Manager Trustee Services Cititrust Limited Hong Kong
August 10, 2018
Primary Location: Hong Kong SAR of PRC,Hong Kong,Hong Kong
Education: Bachelor's Degree
Job Function: Product Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 18052471
Cititrust Limited is a registered trust company in Hong Kong. It is a wholly-owned subsidiary of Citigroup Inc. As a global financial services group, Citigroup Inc. and its subsidiaries provide a broad range of financial products and services, including consumer banking, corporate and investment banking, securities brokerage and wealth management to consumers, corporations, governments and institutions.
The role is the Compliance Manager for Trustee Services in Hong Kong. He/she will be responsible for managing and monitoring compliance of trustee duties and responsibilities under MPFA and SFC requirements, fund documentation and trust law in Hong Kong and overall fiduciary oversight over all fiduciary business conducted through trustee services in Hong Kong.
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.
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 breaches/errors, meeting all required reporting on a timely basis, 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.
Oversee fund compliance monitoring that is in compliance with regulatory requirements in Hong Kong and various countries.
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.
Support business growth and development of fiduciary product expertise especially in the area of new product or client segments.
Stay abreast of market and regulatory developments in the fiduciary and fund services industry and analyse the opportunities and challenges of these developments on the business.
Conduct regular due diligence review and monitor performance of all agents (internal and external) in compliance with applicable policies and guideline.
Solid knowledge of funds products and operations, and financial products, such as futures, options.
More than 3 years of extensive compliance experiences in the financial and/or funds industry (e.g. trustee, asset management companies)
Formal legal or auditing training
Experience in dealing with regulators (i.e. SFC, MPFA) is preferred.
Minimum university graduate, preferably legal or accounting background
Over 3 years of Legal/Compliance experience in funds industry.