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Jobs in Singapore   »   Jobs in Singapore   »   Periodic Review Specialist - BOS Trustee (Manager)
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Periodic Review Specialist - BOS Trustee (Manager)

Bos Trustee Limited

The incumbent will support the trust company in carrying out periodic reviews for private banking clients who have set up a trust structure for succession planning purposes

  • Perform periodic reviews on trust client accounts in accordance with scheduled cycles pegged to risk ratings – AML requirement
  • Review source of wealth background of clients, corroborate the declared net worth independently and assess supporting documentation (e.g. financial statements) in line with regulatory requirements
  • Carry out name screening in accordance with bank standards. Conduct assessment on potential hits, follow compliance guidance and procedures.
  • Complete the periodic review checklist, and assessment for trust relationship manager and team head sign-off
  • Interact with front office to obtain documents
  • Track due reviews and produce management reports as necessary
  • Ensure client due diligence documents (Eg. passports, address proof, certificates of incumbency etc.) are up to date and accurately recorded
  • Ensure outstanding matters are attended to or, if not, escalated accordingly.
  • Ensure that Compliance approval is obtained where required.
  • Review the permanent file to ensure good order and completeness.
  • Assist with other departmental projects and tasks as necessary

Requirements:

  • Min Degree/Diploma holders with 3 to 5 years in banking/financial industry, experience in KYC/AML/Compliance/Risk, knowledge of anti-money laundering procedures will be an advantage
  • Team player
  • Organised, detailed and with good risk awareness

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