Trust Officer

1 month ago


Singapore Royal Bank of Canada Full time

Job Summary

As a Trust Officer, you will be reporting to the Head of Trust Administration. You will be primarily assisting with the day to day administration duties of Trust structures managed in Singapore.

Job Description

What is the opportunity?

As a Trust Officer, you will be reporting to the Head of Trust Administration. You will be primarily assisting with the day to day administration duties of Trust structures managed in Singapore.

What will you do?

  • Responsible for a portfolio of high net worth clients Trust relationships.
  • To act as an effective member of the fiduciary team, and to assist other members of the team to ensure that all business objectives are met, and all operational standards and controls are complied with, to maintain a sustainable fiduciary business.
  • To help maintain the highest level of trust and company administration to minimize business risk, and to adhere to a culture of compliance with policies, and appropriate risk management.
  • Responding to requests from clients, family offices, outside professionals and Banking Teams for execution of transactions, provision of information, FATCA and CRS requirements, regulatory requirement.
  • Maintaining fiduciary documentary files according to guidelines and procedures to ensure that legal, fiduciary and record keeping responsibilities are performed and that there is evidence thereof.
  • Read, understand and review financial statements and to liaise with the firmâs accounts department regarding the preparation of financial statements for both trusts and companies.
  • Assist in updating and/or drafting new procedures to reflect the latest regulatory environment.
  • Handle any ad hoc projects as assigned.

What do you need to succeed?

Must-have

  • The role would typically require at least 7 yearsâ experience in handling Trust administration matters
  • Good written and verbal communication skills
  • Participate in meetings with Wealth Planners, Relationship Managers and clients as and when required
  • Accounting, Estate Planning or other business related qualifications
  • Good technical ability in trust laws for respective jurisdictions and good operational knowledge on various types of trusts available for respective jurisdictions
  • Good knowledge of applicable regulatory and compliance requirements
  • Team player and self-motivated

Nice-to-have

  • STEP qualified or Accounting degree is a nice-to-have

Whatâs in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • Leaders who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive and high-performing team
  • A world-class training program in financial services
  • Ability to make a difference and lasting impact.

Job Skills

Cash Management, Detail-Oriented, Fiduciary Management, Financial Regulation, Investment Management, Operational Delivery, Risk Management, Securities Laws, Trust Administration, Trust Operations Management

Additional Job Details

Address:

8 Marina View:Singapore

City:

Singapore

Country:

Singapore

Work hours/week:

40

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-03-04

Application Deadline:

2024-05-31

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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