Assistant Vice President/Senior Associate, Securities Services-Custody Services, Corporate Banking, Securities & Fiduciary Svs
Core
Execute securities transactions in settlement, corporate action, account opening, and billing while managing US withholding tax compliance and reporting for international clients.
Role type
Senior Associate/Assistant Vice President, Custody Operations & Tax Compliance
Builds
Daily production settlement, custody account maintenance, and IRS tax reporting for equities and fixed income instruments
Domain
Banking, Securities Services, International Taxation
Required skills
International taxation expertise, US withholding tax calculation, IRS reporting (Forms 1042/1042-S), settlement processing, corporate action processing, data reconciliation, regulatory compliance (HKMA/MAS/SFC)
Preferred skills
CCASS knowledge, FATCA/QI regime experience, system UAT participation, business continuity planning
Technologies
IRS FIRE, MS Office, CCASS, SFO, HKICL
Responsibilities
Execute securities transactions in settlement and account opening; Process monthly fee billings and holding statements; Calculate and deposit US withholding taxes; Prepare and file annual information returns (Form 1042/1042-S); Reconcile tax liabilities to ensure zero discrepancies; Validate client tax forms (W-8BEN, W-9); Participate in user acceptance testing for system enhancements; Provide guidance to internal business lines on US tax implications
Seniority
Mid-Senior, hands-on IC
