Depositary/Fiduciary Services, Officer

The Depositary Services Team is responsible for delivering trustee and fiduciary services in Hong Kong.    This role will support the Head of Depositary Services in strengthening the depositary service platform and fostering a strong compliance and risk culture across the business. The successful candidate will assist in the development and delivery of specialized training programs for relevant staff in collaboration with Legal, Risk, Compliance and Operations teams.   The incumbent will be responsible for ensuring State Street’s duties as Depositary are performed in accordance with applicable legal documentation (including trust deeds, prospectus and fund constitutive documents), relevant laws and regulations, and requirements of financial regulatory authorities and other applicable governing bodies   Principal Job Duties and Responsibilities   Under the supervision of the Head of   D epositary Services, the Depositary Services Officer / Manager is responsible for:    processing fund sponsors’ directions   in the course of   proper administration of trusts/funds and preparing the necessary documentation (e.g. directors’ / unitholders’ resolutions, formal notifications etc.) for effecting such directions   reviewing trust/fund documentation (e.g. trust deeds, offering documents, investment management agreements,   subscription/redemption   documents etc.) to ensure documents or instructions are in   order   and the requisite procedures are correctly followed   ensuring the books and records required to be kept by State Street, in its capacity as trustee/custodian of the client/trust, are properly kept and maintained   reviewing and commenting on amendments to fund constitutive and offering documents   reviewing and managing the preparation of the funds’ financial statements and liaising with the auditors, as needed   working closely with colleagues locally and in other State Street locations to ensure documents are in order and regulatory filings are completed within the prescribed timeframes   perform oversight of trustee/custodian and delegated services generally, including performing daily investment compliance monitoring and regular reviews in relation to the depositary business in accordance with internal policies and procedures and applicable laws and regulations   performing due diligence on service providers (internal/external) and preparing due diligence reports   attending client / internal meetings and preparing appropriate meeting materials / post-meeting minutes, as appropriate   identifying breaches, risks and other matters, and advising clients on the trustee or fiduciary aspects of such matters and/or escalating such matters for rectification or reporting in a timely manner   work closely with and support other Depositary Services Team members and act as backup as and when needed   help establish an appropriate compliance/risk culture in the business units, including in the development of specialized training programs for relevant staff, in conjunction with Legal, Risk, Compliance and Operations and promoting compliance/risk awareness   support business development initiatives   and other ad hoc   assignments as required   Experience / Qualifications   University Graduate, preferably in business/finance or related disciplines   Minimum   of   5 years ’   experience   in   trustee and fiduciary   services , preferably in trust   operations ; previous Regulatory / Paralegal / Company Secretary / Compliance experience in financial services sector (trustee / asset management) could also be considered for this role   Possess a good understanding of the legal, regulatory, compliance and risk requirements associated with a trustee and fiduciary environment    Solid knowledge of investment products (regulated / unregulated) and investments generally   Type 13 R egulated   A c tivities   licensed   preferred . Candidate without the license will be expected to obtain it   Strong communication, interpersonal, organizational, and time management skills   Strong team player, self-motivated, ability   to   work effectively and autonomously   Excellent command of both written and spoken   in   English   and   Chinese   About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement