Trust Specialist

4 weeks ago


Singapore Bank of Singapore Full time
About the Role

We are seeking a highly skilled and experienced Trust Specialist to join our team at Bank of Singapore. As a key member of our trust company, you will be responsible for reviewing and approving all trust onboarding documentation, ensuring compliance with regulatory requirements and bank policies.

Main Responsibilities
  • Review and approve trust onboarding documentation to ensure completeness and adherence to policy requirements.
  • Conduct thorough due diligence on clients, including reviewing source of wealth background and corroborating declared net worth.
  • Carry out name screening and assessment of potential hits, following compliance guidance and procedures.
  • Complete new business checklists and assessments for trust relationship manager and team head sign-off.
  • Interact with front office/wealth advisory teams to obtain necessary documents.
  • Manage junior staff and maintain relevant spreadsheets to track and record onboarding businesses.
  • Ensure client due diligence documents are up to date and accurately recorded.
  • Escalate outstanding matters and ensure prompt turnaround of new business and structure setup.
  • Obtain Compliance approval where required and review permanent files for good order and completeness.
Requirements
  • Minimum degree holder with 5-10 years of experience in banking/financial industry, preferably with trust knowledge and experience in KYC/AML/Compliance/Risk.
  • Good communication and interpersonal skills.
  • Strong leadership skills, initiative, and competency.
  • Team player with organized, detailed, and risk-aware approach.

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