VP/AVP, Trust Manager, Private Banking, Consumer Banking Group
4 days ago
Overview
VP/AVP, Trust Manager, Private Banking, Consumer Banking Group at DBS Bank. The role administers and manages a portfolio of about 60 bespoke private trust structures, partnering Private Trust Operations and working closely with relationship managers to deliver client-centric trust administration services.
DBS Private Banking offers a one-stop, full-service touch-point for total banking requirements with high-quality, timely wealth management and financial solutions. DBS Fiduciary Services – Private Trust provides trustee services to DBS Private Bank and Treasures Private Clients, focusing on protecting, managing and distributing trust assets across generations in the clients’ best interests.
Responsibilities- Review and ensure new trust application documents meet onboarding requirements for establishment of new private trust structures and private investment companies
- Review trust deeds, legal and tax opinions to ensure proper administration of complex/customised trust structures and ensure compliance with requirements
- Review asset injections and verify source of funds to satisfy AML/CFT due diligence
- Attend to distributions to beneficiaries and discharge fiduciary duty while satisfying AML/CFT due diligence
- Attend to requests for variations to letters of wishes and preparing revised letters of wishes
- Attend to changes of beneficiaries and prepare supplemental deeds
- Periodically review trust records for accuracy and currency
- Periodically review trust structures to ensure AML/CFT ongoing monitoring is satisfied
- Review annual financial statements for private trusts and private investment companies for accuracy
- Meet clients to conduct trust reviews and identify actions needed to address changing client needs
- Handle ad-hoc transaction requests, liaise with professionals, assess and implement actions to bring transactions to completion
- Assess and ensure proper discharge of the trustee’s fiduciary duty in management and administration
- Ensure all legal/regulatory and AML/CFT due diligence requirements are satisfied
- Highlight issues and non-compliance to relevant parties and management
- Stay informed of legal and regulatory developments impacting private trust structures and ensure compliance
- Coach and guide junior trust managers and Private Trust Operations officers
- Bachelor degree (preferably in Accountancy or Law) with 8–10 years’ experience in private trust administration, including complex/customised private trusts and non-bankable assets (e.g., operating companies, private equity funds)
- Familiarity with legal and regulatory requirements relating to a trustee’s responsibilities
- STEP certification in International Trust Management
- Client-centric mindset with the ability to balance business needs and controls
- Excellent interpersonal skills to manage relationships with clients and relationship managers
- Ability to review contractual documents and financial statements for impact on private trust structures
- Enthusiasm for learning and professional growth
Primary Location: Singapore-DBS Asia Central
Job: Client Management
Schedule: Regular
Job Type: Full-time
Job Posting: Sep 4, 2025, 5:30:00 AM
EEO/Referrals: Referrals increase your chances of interviewing at DBS Bank by 2x
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