
Avp, Trust Officer, Citi Private Bank
2 weeks ago
**Responsibilities**:
- The Private Bank at Citi (CPB) is part of the Institutional Clients Group and offers a wide range of products and solutions, including investment strategies, banking and lending, trust and specialized services. The Private Bank delivers solutions to help meet the individual, family and business needs of over 10,000 ultra-high net worth clients around the world. The Private Bank is focused on clients with a minimum net worth of $25mm and serves 40% of the world’s billionaires and their families.
- CBNA is the primary legal entity for Citi, providing products and services to consumers, financial institutions and corporate clients around the world. In the past, Citi has provided most of its internal reporting on a business by business basis. With the changes in the regulatory environment, strong legal entity reporting and governance has become essential. This team is responsible for ensuring that CBNA has the appropriate governance and control infrastructure to meet the demand for legal entity planning, execution, information management and the ever-evolving regulatory environment.
- Under supervision of a Fiduciary Services Head, this position requires administration of UNHW ongoing fiduciary relationships which entails working with clients to strategize toward the preservation and continued growth of trust assets while achieving their specific trust and estate planning objectives and introduces clients to a broad range of investment management opportunities.
- An individual in this role will be expected to:
- Manage an existing book of trust and estate accounts: types of accounts include revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, various types of charitable trusts, estate accounts, and agency accounts, both discretionary and directed; initiate investment management of the accounts by coordinating with Private Bankers and Investment Counselors and utilizing both internal and external investment managers including equities, fixed income, mutual funds, ETFs, private equities, hedge funds and real estate vehicles to ensure the appropriateness of the account allocation based on the investment objective and risk tolerance of the account; knowledge and understanding of special assets such as promissory notes, operating agreements, LLC’s, LP’s, loan holds, life insurance policies, real estate interests and oil and gas interests; working with both internal and external tax preparers to complete and file tax returns for the various types of accounts, including Forms 1041, 5227, 990PF, 1042S, and 1099; review of a discretionary distribution request which includes collection of financial and tax documentation from the client together with the interpretation of the terms of the trust document to determine the appropriateness of the request; review and update information for each account for the annual administrative review which includes 13 major categories.
- Assess the client’s overall estate and tax planning needs: including the knowledge and skill to review legal and trust documentation and have an understanding of the provisions in order to effectively assist the client and their advisors in achieving specific trust and estate objectives.
- Compliance with legal requirements and internal procedures in relation to account activity: including identification and reporting to our Senior Risk Committee and management of the risk of financial loss and/or damage to Citi’s reputation arising from the activities within the Citi Trust businesses; Communicating with internal and external auditors as well as state examiners; working with Investment Management Oversight on the identification of and diversification of a discretionary portfolio’s exposure to a single security, issuer or industry.
- Communication: Communicate effectively with the client and/or the client’s attorney on all trust and estate matters and attending in person client meetings and investment reviews; interact with and establish a working relationship with the Private Banking and Investment team in regard to the trust and overall client relationship including timely and accurate responses to inquiries.
- Additional: Oversight and management of Assistant Trust Officers in all their duties; participation in internal and external training opportunities for ongoing professional development; drafting of policies and procedures as assigned by management and additional projects as requested; maintain a local presence in the trust and estate professional community.
**Qualifications**:
- 5-8 years of experience
- Experience in estate or trust management and administration. MBA or JD desired
- Strong knowledge and proven technical proficiency in legal, investment and tax issues relative to trust and/or estate management and administration. Proven strong communication and project management skills. Proficiency in Microsoft Office products.
- CFTA preferred. Experience with Fiduciary Income T
-
Citi Private Bank
7 days ago
Singapore Citi Full timeWhether you’re at the start of your career or looking to discover your next adventure, your story begins here. At **Citi**, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...
-
Trust Officer
1 week ago
Singapore Citi Full time**Responsibilities**: - The Private Bank at Citi (CPB) is part of the Institutional Clients Group and offers a wide range of products and solutions, including investment strategies, banking and lending, trust and specialized services.The Private Bank delivers solutions to help meet the individual, family and business needs of over 10,000 ultra-high net...
-
Citi Private Bank
3 days ago
Singapore Citi Full time**You're the brains behind our work.** You're ready to bring your knowledge from the classroom to the boardroom, and Citi wants to help you get there. Whether its honing your skills or building your network, we know that success cant come without growth. Our programs equip you with the knowledge and training you need to play a valuable role on your team; and...
-
Citi Private Bank
1 week ago
Singapore Citi Full time**Responsibilities**: - An individual in this role will be expected to: - Function as the primary client contact and trusted investment advisor for clients, including direct selling, determining suitability, identifying product specific opportunities, portfolio advice and after sales execution (in partnership with the Banker team) - Leverage existing...
-
Citi Private Bank, Private Banker
6 days ago
Singapore Citi Full timeAt **Citi**, we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients - whether they be consumers, corporations, governments or institutions - to help...
-
Citi Private Bank, Private Banker
2 weeks ago
Singapore Citi Full time**Job Description**: At **Citi**, we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients - whether they be consumers, corporations, governments or...
-
Citi Private Bank
4 days ago
Singapore Citi Full timeThe Investment Associate is a developing professional role. Deals with most problems independently and has some latitude to solve complex problems. Integrates in-depth specialty area knowledge with a solid understanding of industry standards and practices. Good understanding of how the team and area integrate with others in accomplishing the objectives of...
-
Assistant Trust Officer
2 weeks ago
Singapore Citi Full time**Citi Global Wealth (CGW) **brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices. We’re currently looking for a high caliber professional to join our team as** Analyst, Assistant Trust Officer **based in Singapore. Being part of our team means that we’ll provide...
-
AVP, Relationship Manager, Private Banking
3 days ago
Singapore DBS Bank Limited Full timeAVP, Relationship Manager, Private Banking (Greater China Market), Consumer Banking Group AVP, Relationship Manager, Private Banking (Greater China Market), Consumer Banking Group AVP, Relationship Manager, Private Banking (Greater China Market), Consumer Banking Group Business Function DBS' Private Banking offers a one-stop, full-service touch-point for...
-
Private Bank, Private Banker
1 week ago
Singapore Citi Full timeCiti Private Bank, Private Banker - Singapore Team - UHNW Segment At Citi , we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients – whether they be...