Trust Adminstrator

Our client is one of Singapore’s oldest, independent trust services company.

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- 5 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