Saturday , April 20 2024

HSBC Careers Near Me – Senior Manager

Website HSBC

About the job


Job Description

Senior Manager, US Tax Services

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, improved maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

HSBC Market & Securities Services (MSS) provides comprehensive global, regional and domestic fund services including fund administration, global custody and sub-custody settlement and services.

We are seeking a professional to join the team as a Senior Manager, US Tax Services, working within our Global Banking & Markets (GBM), MSS business.

A high level overview of the role is: responsibility for ensuring all entities in scope are reconciled and reported accurately and on time, for executing and embedding the global Taxops strategy specifically related to the Atlanta 1099 and 1042-S US tax reporting.

Managing and leading a team of 7, ensuring good communication, good workflow practices, recruitment, and retention, as well as the adherence and adoption of standards and best practices in order to maintain efficiency and control, minimise operational/financial risk and provide excellent client service.

The role holder will ensure the HSBC values are present in everything we do, both individually and as an Organisation. This will be achieved by consistently displaying the behaviours of: Dependable and do the right thing, Open to different ideas and cultures, Connected to customers, communities, regulators and each other.

In this role you will

  • Effectively manage and support the team ensuring all operational and personnel factors are considered and acted upon in a fair and transparent manner
  • Maintenance of an effective, quality service and reduce client risk to a minimum by ensuring that US tax issues are addressed/US declarations are processed promptly, in accordance with agreed timeframes.
  • Contribute towards successful tax authority audits by ensuring ongoing compliance with the various tax regimes (US and Irish QI). All static data must be kept up-to-date and all documentation received must be validated to ensure 100% compliance.
  • Ensure all regulatory reporting is submitted prior to deadlines laid down by the relevant authority to avoid financial loss and reputational damage.
  • Proactively identify new/amendments to procedures and controls and ensure these are documented on a timely basis and communicated to all staff.
  • Escalate complex issues/concerns to the Head of Corporate Actions, including staff and resourcing issues, compliance breaches, errors, losses and near misses on a timely basis and in accordance with defined escalation procedures.
  • Ensure that client and bank records are correct by investigating and resolving all queries, exceptions, Qtracks, etc. within agreed timeframes.

Requirements

To be successful, you should meet the following requirements

  • Experience of leading teams and proven ability to drive change to improve performance and team ownership
  • Knowledge of the US tax documentation requirements under the Qualified Intermediary regime including Master / Feeder structures
  • Knowledge of the US 1099 and 1042 reconciliation and reporting regimes
  • Highly proficient with Excel (V-lookups, pivot tables, etc.) and of a good standard across other MS applications
  • Takes a client focussed approach
  • Demonstrates drive and enthusiasm with the ability to work in a pressurised environment and manage priorities effectively through effective planning, organisation, and time management skills
  • Knowledge of custody products

The role has a hybrid working pattern. You will work from your home base and HSBC office at 8 Canada Square, London

You’ll achieve more when you join HSBC.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 2078328500



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