Custody Tax Manager

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. 

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

HSBC Custody Tax sits within HSBC Securities Services (SSv), part of Markets and Securities Services. We support leading institutional clients by helping them access markets, safeguard assets and operate efficiently across complex global markets.

Based in Edinburgh, this role supports the Tax Senior Manager to research, interpret and implement changes in global tax regimes, ensuring MSS GC Europe meets custody tax compliance requirements across multiple client types. You’ll work closely with clients and internal stakeholders to deliver strong service, control and commercial outcomes.

We are currently seeking a professional to join our team in the role of Custody Tax Manager.

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, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you will:

• Deliver a high-quality, risk-controlled client service, ensuring work is completed within agreed timelines and complex queries are answered promptly.

• Monitor and assess tax/regulatory market changes, validate external data (including tax treaties) and implement updates to processes and client communications.

• Maintain accurate client tax static and ensure MSS system static (market and treaty rates) is correct and reconciled; investigate and resolve exceptions within targets.

• Support tax authority audits and regulatory requirements through robust controls, evidence and timely responses; produce MI and service/risk reporting.

• Provide support across Custody Tax including Withholding Tax, Double Taxation Agreements, SDRT, and Tax Logistics.

• Support and oversee Tax Transparent Funds (TTFs) activity, including periodic reporting, adherence to standard processes/tools, risk management and continuous improvement.

• Partner with IT to support ongoing development for Custody Tax processing (e.g., Xceptor and Bancs).

To be successful you should have:

• Proven in-depth knowledge of the securities industry and global market infrastructure.

• Detailed understanding and knowledge of a Tax Operations environment.

• Comprehensive knowledge of withholding tax and double taxation agreements worldwide.

• Experience ensuring all client tax-related static is maintained and accurate, including investigating and resolving queries/exceptions within set targets.

• Proven capability to provide support to Tax Transparent Funds (TTFs), including BAU support and associated reporting/control activities.

Opening up a world of opportunity.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Telephone: +44 207 832 8500