Periodic Review Specialist, BOS Trustee (Manager)

Singapore Job Openings

Bank of Singapore

FULL TIME

October 14, 2024

Periodic Review Specialist, BOS Trustee (Manager) - (240001KC)

Description

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

Qualifications

§ 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

Primary Location: Singapore

Job: Client Review

Organization: Bank of Singapore Division

Schedule: Permanent

: Full-time

Job Posting: 14-Oct-2024, 5:55:54 AM

We regret to inform you that this job opportunity is no longer available as it has expired

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