Analyst, Securities Services-Custody Services, Corporate Banking, Securities & Fiduciary Svs

Business Function Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels. Job Objective: Provide operations support to daily production so as to deliver securities services with productivity, high quality, risk consciousness and excellent client service. Principal Responsibilities: Execute securities transactions in settlement, corporate action, account opening and billing efficiently and accurately. Handle day-to-day settlement (scripless and physical) on equities, fixed income and other types of instruments. Process voluntary and involuntary corporate action Process monthly fee billings and collections Process dispatches of holding statements Process custody account maintenance Perform static data maintenance and information update. Provide second level client services. Handle customer inquiries in an efficient manner Comply with regulatory requirements (such as HKMA, MAS, SFC etc.) and Audit / Risk Management guidelines pertaining to the operations. Report any suspicious / outstanding transaction or incident to Team Manager, Department Head and other relevant parties for necessary action per the Incident Management Policy Participate in user acceptance test for system enhancements. Review business requirements and functional specifications.  Prepare test cases and conduct testing Participate in project initiatives and business development, e.g. customer implementation, business continuity management, review of operational procedures, policies and guidelines; specific and job-related training, etc. Handle regular and ad hoc tasks as designed by Team Manager and Department Head Validate client tax forms (e.g., W-8BEN, W-9), apply correct withholding rates based on treaties, and track changes in circumstances. Calculate, withhold, and deposit US withholding taxes on US-source income (e.g., dividends, interest) in accordance with the QI agreement. Prepare and file annual information returns, including Form 1042 (Annual Withholding Tax Return) and Form 1042-S (Foreign Person's US Source Income Subject to Withholding). Reconcile withholding tax liabilities, deposits, and reporting data to ensure zero discrepancies in IRS transcripts. Support the Responsible Officer (RO) in conducting periodic compliance reviews (audits) mandated by the IRS every three years. Provide guidance to internal business lines (e.g., client onboarding, operations, trading desks) on US tax implications. Key Accountabilities: Accomplish the job objective and perform the principal responsibilities. Achieve the agreed Key Performance Indicators (KPI) annually. Relevant Experience: 3–7 years in international taxation, specifically within banking, custody, or brokerage operations. Strong expertise in Chapter 3 (Withholding of Tax on Nonresident Aliens and Foreign Entities), Chapter 4 (FATCA), and QI regimes. Proficiency in managing large datasets, tax systems, and extracting data for IRS reporting portals like IRS FIRE. The role is initially attached to one custody function (settlement, corporate action, billing or account opening). Good performers can rotate to other functions on a fast track for development into well rounded professionals in custody operations Functional / Technical Competencies: Knowledge of CCASS, SFC rules, SFO and HKICL Accuracy and thoroughness in work Problem-solving skills Interpersonal and communication skills Knowledge in MS office Result- and customer-oriented Positive attitude and self-motivated Good team player, supportive and flexible to take up team tasks Good command in English and Chinese (both spoken & written) Apply Now We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements. We regret only shortlisted candidates will be notified. Location: Two Harbour Square Job: Operations Schedule: Regular Employee Status: Full time