Senior Fiduciary Tax Manager, Private Banking - Trust & Fiduciary Services / Personal Trust

HSBC Global Services Limited • New York, NY

1d

About The Position

HSBC Private Banking’s Trust & Fiduciary Services team supports complex domestic and cross-border fiduciary structures for high-net-worth clients. This role leads end-to-end fiduciary tax compliance across trusts, estates, charities and related vehicles—strengthening governance, ensuring accurate and timely filings, and providing practical guidance to colleagues and clients.

Requirements

• Progressive fiduciary tax or public accounting experience (or equivalent), with demonstrable fiduciary tax compliance delivery
• Strong knowledge of US Federal and state taxation for trusts, estates, charities and individuals; solid understanding of fiduciary structures and the compliance lifecycle
• CPA (or equivalent professional qualification) required
• Bachelor’s degree in Accounting, Finance or related field (or equivalent experience) required
• Technical proficiency with key forms/regimes: 1041, 990-PF, 3520/3520-A, 5472, 9958, 8865, 1065, plus CFC (5471) and PFIC (8621) compliance.
• Working knowledge of FATCA and CRS requirements and cross-border tax structuring considerations
• Strong process management skills: able to manage multiple deadlines, maintain controls, and deliver high-quality outputs with minimal rework
• Strong analytical, problem-solving and tax research capability; comfortable interpreting trust instruments and supporting GST-related analysis required
• Clear written and verbal communication; able to translate technical tax guidance into practical actions for non-tax stakeholders

Nice To Haves

• Graduate degree (JD/LLM/MT) and/or relevant experience, ideally within a bank trust department, independent trust company or similar environment

Responsibilities

• Own the fiduciary tax compliance calendar and deliver end-to-end filings (returns, elections, payments and reporting) across relevant jurisdictions
• Oversee preparation, review and submission of fiduciary tax returns for trusts, estates, charities and related vehicles; validate key positions, assumptions and classifications
• Ensure accurate tax data inputs (income, distributions, expenses, withholding, residency and entity classifications) and resolve data quality issues
• Provide practical tax guidance to Trust & Investment Management and Trust Operations on planned transactions, trust accounting entries and account openings/closures
• Manage US and cross-border fiduciary reporting requirements, including FBAR and foreign disclosure filings (e.g., Forms 3520/3520-A and related documentation)
• Coordinate external tax advisers/filing agents: define scope, agree timelines, review outputs, and challenge/escalate issues as needed
• Maintain and enhance tax processes, controls and documentation (SOPs, checklists, evidence standards) and act as the final internal control point before submission
• Track exceptions/late items, perform root-cause analysis, implement fixes, and provide MI/status reporting for governance, audits and risk reviews
• Support correct tax treatment of complex trust assets (e.g., closely held businesses, real estate and special investments)
• Build capability across the trust business by directing tax-related activities and delivering training to trust personnel

Benefits

• tailored professional development opportunities
• competitive pay and benefits package
• robust Wellness Hub
• welcoming and inclusive work environment
• industry-leading volunteerism policy
• generous matching gift program
• comprehensive program of immersive Sustainability and Climate Change Initiatives
• Employee Resource Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Senior