Trust Relationship Officer

British and Malayan Trustees Limited; Singapore; On-site; SGD 50,000 - 80,000; Full time

Job summary

British and Malayan Trustees Limited in Singapore is seeking an experienced Trust Administrator to manage day-to-day administration of a portfolio of trust accounts, reporting to the Head of Trust Administration.

Responsibilities include onboarding new clients with AML/KYC checks, drafting trust documents, asset transfers, liaison with lawyers/tax advisers/bankers, and distributing funds to beneficiaries per the Trust Deed. You will also perform periodic reviews and nurture client relationships.

Qualifications

• 2-4 years of proven Trust and Company administration experience
• Degree/ Diploma holder (Accounting preferred)
• STEP qualified or part qualified / pursuing
• Clear track record of garnering client confidence in trust structures
• Strong written and verbal communication skills
• Ability to work under pressure to meet deadlines

Responsibilities

• Onboard new clients and obtain AML/KYC documentation
• Draft trust documents such as resolutions and letters of wishes
• Assist in asset transfers into the Trust setup and opening bank accounts
• Coordinate collection of earnings, dividends or sale proceeds
• Liaise with lawyers, tax advisors and bankers for trust structures
• Distribute funds to Beneficiaries per the Trust Deed
• Perform periodic reviews of trust estates under administration
• Manage and develop relationships with existing trust clients
• Address risks from annual reviews of trust structures
• Undertake ad hoc assignments
• Raise AML/KYC issues to management promptly

Skills

Onboarding

AML/KYC

Communication

Client relationship

Attention to detail

Team player

Independent

Education

Accounting degree/diploma

Job description

Job Description & Requirements

Role:

• Manage the day-to-day administration of a portfolio of Trust accounts, reporting to the Head of Trust Administration

Responsibilities:

• To assist with the on-boarding of new clients and obtain the requisite AML/KYC documentation, review of Source of Funds & Source of Wealth information.
• To assist in drafting trust documents such as trust resolutions and letter of wishes.
• To assist in the Asset(s) transfer into the Trust setup, including opening bank accounts.
• To assist in the collection of earnings, dividends or sale of assets, placement of proceeds in the Trust account.
• To liaise with intermediaries relating to the trust structures such as lawyers, tax advisors and bankers when necessary.
• To assist in the direct distribution of funds to Beneficiaries, in accordance with the Trust Deed.
• To undertake Periodic Review of Trust and Estates under administration.
• To manage and administer the existing book of trust clients and develop the relationship by providing exemplary services.
• To attend any risks derived from annual reviews on the trust structures.
• Perform any other ad hoc assignments.
• To raise awareness to management of any AML or KYC issues relating to our existing trust structures promptly

Skills and qualifications:

• 2- 4 years of proven Trust and Company administration experience
• Relevant Degree/ Diploma holder (Accounting preferred)
• STEP qualified or part qualified /pursuing
• Clear track record of ability to garner client’s confidence & understands the needs of clients when structuring a Trust setup.
• Team-player with outstanding interpersonal skills
• Conscientious, with good attention to detail
• Outstanding written and verbal communication skills
• Proven ability to work under pressure to meet deadlines
• Independent and positive working attitude

Key performance indicators:

• No overdue of periodic reviews of the trust cases being assigned to
• Reply to client’s requests or queries promptly within 2 working days
• Ensure vigilance & awareness of KYC/AML procedures
• Timely new client onboarding with the compliance department