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

HSBC Global Services Limited•New York, NY

69d

About The Position

HSBC Private Banking’s Trust & Fiduciary Services team supports complex domestic and cross-border fiduciary structures for high-net-worth clients. The Senior Fiduciary Tax Manager 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. The role owns the fiduciary tax compliance calendar and oversees fiduciary tax returns, elections, payments and reporting across relevant jurisdictions. It validates tax positions, assumptions and classifications; ensures accurate tax data; and advises Trust & Investment Management and Trust Operations on planned transactions, trust accounting entries, and account openings and closures. The manager oversees US and cross-border fiduciary reporting, coordinates external tax advisers and filing agents, and maintains tax processes, controls and documentation. The position also tracks exceptions, performs root-cause analysis, reports status for governance and risk reviews, supports tax treatment of complex trust assets, and directs tax-related activities and training for trust personnel.

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, and solid understanding of fiduciary structures and the compliance lifecycle.
CPA or equivalent professional qualification required.
Bachelor’s degree in Accounting, Finance or a related field, or equivalent experience, required.
Technical proficiency with Forms 1041, 990-PF, 3520/3520-A, 5472, 9958, 8865 and 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, including ability to manage multiple deadlines, maintain controls and deliver high-quality outputs with minimal rework.
Strong analytical, problem-solving and tax research capability; comfort interpreting trust instruments and supporting GST-related analysis required.
Clear written and verbal communication skills and ability to translate technical tax guidance into practical actions for non-tax stakeholders.
Legally authorized to work in the United States; HSBC will not provide immigration sponsorship for this position.

Nice To Haves

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

Responsibilities

Own the fiduciary tax compliance calendar and deliver end-to-end filings, including 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, including 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 and closures.
Manage US and cross-border fiduciary reporting requirements, including FBAR and foreign disclosure filings such as Forms 3520 and 3520-A and related documentation.
Coordinate external tax advisers and filing agents by defining scope, agreeing timelines, reviewing outputs, and challenging or escalating issues as needed.
Maintain and enhance tax processes, controls and documentation, including SOPs, checklists and evidence standards, and act as the final internal control point before submission.
Track exceptions and late items, perform root-cause analysis, implement fixes, and provide management information and status reporting for governance, audits and risk reviews.
Support correct tax treatment of complex trust assets, including 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.