Fiduciary Specialist
4 weeks ago
The Fiduciary Specialist is a key professional responsible for managing the trustee and fiduciary relationships of a specific set of Hong Kong managed fund clients. This role requires a deep understanding of regulatory frameworks and a strong ability to communicate complex information to clients and stakeholders.
Key Responsibilities:- Manage the trustee and fiduciary relationships of a specific set of Hong Kong managed fund clients
- Assist in the provision, receipt, safekeeping, and maintenance of legal and contractual client documentation
- Prepare service level agreements for clients and arrange client meetings as required
- Support the implementation of new business initiatives and manage the opening and maintenance of client asset and cash accounts
- Draft and provide board-level reporting to clients and work with the Fiduciary Operations function on query escalations
- Complete NAV and periodic reviews, and monitor investment and borrowing activity for designated funds
- Interact with clients regarding breaches and price errors, and manage the flow of data received from internal support teams to ensure timely information is provided to clients and their associated service providers
- Ensure agreed service level commitments are monitored and tracked, and any issues identified are escalated to the relevant parties and followed through to resolution
- Participate in onsite inspection visits of fund functionaries and assist in the planning and execution of onsite inspection visits to managers, administrators, transfer agents, or other entities as directed
- Assist in the preparation of draft and/or final reports detailing issues that have arisen from the visit, and report and track all findings to resolution
- Engage in projects and additional tasks as required by the Senior Fiduciary Client Manager, and complete and monitor procedures manuals for the immediate area of responsibility
- Assess risk when business decisions are made, demonstrating 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, and applying sound ethical judgment regarding personal behavior, conduct, and business practices
- 6-10 years of experience in fiduciary or other compliance or financial services-related roles
- Extensive knowledge of regulatory frameworks and a strong understanding of fiduciary relationships
- Thorough knowledge of regulatory frameworks and a strong ability to communicate complex information to clients and stakeholders
- Bachelor's/University degree, Master's degree preferred
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