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.

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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

• Perform reviews as stipulated in the Depositary Services Procedure Manuals and ensure the manuals are maintained and updated on a regular basis

• Review and provide comments on fund constitutive documents, offering documents, and financial statements

• Review fund portfolios to ensure compliance with investment restrictions, borrowing limits and other requirements set out in constitutive documents and applicable regulations

• Ensure breaches, risks issues and areas of concern are identified, reported, escalated, and rectified in a timely manner, and provide appropriate recommendations where necessary

• Respond to client queries and serve as a subject matter expert for trustee and fiduciary related matters across the organization

• Conduct due diligence reviews and attend on-site visits of internal and external service providers, documenting findings and recommendations

• Coordinate Depositary and Fiduciary Committee meetings and Board meetings, including the preparation of meeting materials and minutes

• Lead or participate in business, regulatory and operational projects as required

• Coordinate interactions with external auditors, internal auditors, Compliance and Risk review teams, ensuring timely and accurate responses to inquiries and requests  

• Prepare or review regulatory fillings and submissions to ensure compliance with applicable regulatory requirements and deadlines

• Promote risk awareness and support the delivery of training programs for business and operational teams

Experience/Qualifications.

• University degree holder, preferably in accounting, business administration, economics, finance, law or other related disciplines

• Minimum 8 years of experience in financial services, with exposure to trustee, fiduciary, depositary, fund services or regulatory oversight functions

• Strong understanding of the legal, regulatory and compliance requirements applicable to trustee and fiduciary services, with direct experience supporting collective investment schemes investing in public and private markets

• Type 13 Regulated Activity licensed preferred. Candidates without the license will be expected to obtain it

• Strong leadership, teamwork, and people development skills

• Excellent interpersonal, collaboration, influencing, and stakeholder management abilities

• Strong verbal and written communication skills

• Sound analytical, problem-solving and organising skills

• Self-motivated, proactive, and capable of working independently in a fast-paced environment

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.

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