Clearstream Australia Ltd (Clearstream), part of the Deutsche Börse Group is a leading specialist custodian and administration services provider for managed funds and term deposits as well as a leader in the provision of fund data services in Australia. We have in excess of AUD$100 billion in assets under administration on behalf of leading wealth platforms and managers as well as the appointed sub-custodian for global custodians. We are proud of our long history of supporting our people and clients.

Operations Team Member

Upload managed fund prices and distribution details into the Clearstream system within agreed timeframes and in line with Clearstream procedures, adhering to client service levels

Manage client expectations by meeting the price capture deadlines and resolving client queries. Incorporate the fund additions/deletions to the client’s portfolio within SLA

Follow up via telephone and email with relevant fund manager(s) & other stakeholders to chase the prices, distribution and to resolve other fund data issues.

Investigate the price tolerance breaches, market movements, incorrect prices and other intricacies to ensure the price validations.

Perform operational tasks such as generating price age reports, daily/weekly checklists and undertake all the required follow ups.

Upload the Investment Vehicle & Individual Securities level fund data within Regulatory Reporting Services such as Look Through Reporting and SRS 550 Data Reporting as per SLA

Undertake quarterly fund manager engagement as a part of Look Through and SRS 550 Services

Resolve client queries within regulatory reporting services

Process Clearstream Year End Custody Tax statements, following control framework and supporting delivery to Custody clients

With-holding Tax Associate

Comprehensive administration and oversight of the withholding tax operation including client and ATO reporting

Preparation of Annual Investment Income Report (AIIR) for ATO

Review and implement changes required for AIIR reporting specifications released by ATO

Active management and engagement with Registries and Fund Managers to obtain Fund Payment notices (Non-resident tax information)

Oversight and governance of the accuracy and timeliness of information obtained from Registry providers and Fund Managers for Fund Payment notices entered into CAL custody system

Facilitate tax testing to validate changes and client reporting

To manage, coordinate and oversee the accuracy of withholding tax payments that are completed by CAL, and; reported to Clients and release of withholding tax payments to the ATO

Manage Client Relationships for Tax

As WHT subject matter expert, client queries will be handled and managed effectively and in a timely manner

Communication of any product changes or WHT rate updates (as identified with the ATO)

Coordinate client engagement and communication for formal rollout of tax reporting changes

Manage ATO relationship

Work with the ATO to resolve any queries or issues requested from ATO.

Ensure that any changes to WHT rates are identified and managed with the operations team

Manage tax partners

Review and resolve problems, exceptions, reconciliations, and errors with the engagement of tax partners

Year End Tax - Analyse Standard distribution statement (SDS) released by ATO to identify changes in regulatory tax reporting requirements