POSITION OVERVIEW
We are seeking an experienced and highly competent Trust Manager - Trust Administration & Resident Manager to oversee the administration and management of private trusts, fiduciary arrangements and related corporate structures for high-net-worth (HNW), ultra-high-net-worth(UHNW) and international clients.
The successful candidate will be responsible for managing the full spectrum of trust administration, ensuring that trust structures are administered in accordance with trust deeds, fiduciary obligations, applicable Singapore laws and regulatory requirements.
In addition to overseeing trust administration operations, the incumbent will also serve as the company's Resident Manager , subject to applicable regulatory requirements and formal appointment, acting as a key liaison with the Monetary Authority of Singapore (MAS) on regulatory, compliance, governance and supervisory matters.
This role requires strong technical expertise in trust administration, regulatory compliance, fiduciary governance, client relationship management and team supervision.
KEY RESPONSIBILITIES
- 1. Trust Administration & Portfolio Management
Manage and oversee a portfolio of private trusts, family trusts, discretionary trusts and related corporate and fiduciary structures.
Handle the full lifecycle of trust administration, including trust establishment, ongoing administration, restructuring and termination.
Review trust deeds, letters of wishes, trustee resolutions and other legal documentation to ensure proper administration of trust structures.
Oversee trust distributions, beneficiary payments, asset transfers and trust-related transactions.
Monitor trust assets, liabilities, cash balances and financial transactions in accordance with trust arrangements.
Ensure accurate maintenance of trust records, client documentation, statutory registers and internal databases.
Conduct periodic trust reviews and ensure timely completion of administrative and compliance requirements. - 2. Resident Manager & MAS Regulatory Liaison
Serve as the designated Resident Manager of the licensed trust company, subject to applicable regulatory requirements and formal appointment.
Act as a key point of contact with the Monetary Authority of Singapore (MAS) on regulatory matters, supervisory enquiries, inspections and compliance-related correspondence.
Ensure trust administration activities comply with the Singapore Trust Companies Act, Trustees Act, relevant MAS regulations, notices, guidelines and internal governance policies.
Coordinate the preparation and timely submission of applicable regulatory returns, notifications and supporting documentation to MAS.
Work closely with senior management and Compliance to maintain effective regulatory governance, internal controls and risk management frameworks.
Facilitate MAS inspections, regulatory reviews and supervisory meetings, including coordinating responses and follow-up actions.
Identify, assess and elevate significant compliance issues, regulatory breaches and operational risks.
Support the implementation of regulatory changes and ensure relevant internal policies and procedures remain up to date.
Maintain accurate regulatory records, compliance documentation and audit trails. - 3. Fiduciary Governance & Regulatory Compliance
Ensure trusts are administered in accordance with trustee fiduciary duties, trust deeds and applicable legal requirements.
Review trustee decisions, distributions, amendments and restructuring arrangements to ensure appropriate documentation and approvals.
Oversee client onboarding, Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes.
Ensure compliance with applicable Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.
Coordinate periodic reviews of settlors, beneficiaries, protectors and other relevant parties.
Support FATCA, CRS and other applicable regulatory and tax reporting obligations.
Liaise with internal Compliance, external auditors and legal advisers on regulatory and fiduciary matters. - 4. Client Relationship Management & FiduciaryServices
Act as the primary point of contact for settlors, beneficiaries, family offices, private bankers and professional advisers.
Manage client enquiries relating to trust administration, distributions, documentation and fiduciary arrangements.
Coordinate the onboarding of new trust clients and establishment of trust and corporate structures.
Maintain strong professional relationships with domestic and international clients.
Liaise with legal advisers, tax consultants, accountants, financial institutions and other professional intermediaries.
Ensure client instructions and requests are handled efficiently and in accordance with trust terms and internal approval procedures.
Support periodic client meetings, trust reviews and discussions relating to succession and estate planning arrangements. - 5. Trust Acco