Job Description

Business Function

Global Transaction Services (GTS) comprises of Cash & Trade, Securities Services and Fiduciary Services. In an increasingly borderless world marked by burgeoning trade flow, expertise in trade finance services is an invaluable asset. With cash the lifeblood of every company, so too, is a good understanding of how to manage these cashflows. Trade Finance, together with Cash Management, is the mainstay of GTS, and is extended to SME and corporate clients for their local and cross-border financial transaction needs.

Job Purpose

To be responsible for the client servicing and day-to-day administration of the REIT/Trust/Agency business. Provide guidance and technical support to the team on operational, risk and compliance issues.

Key Accountabilities

• To lead, manage and coach a team of corporate trust administrators (where applicable)
• To provide inputs on operational matters to the Trust Structuring team when reviewing legal documentation for onboarding of new trust and agency matters
• To oversee and ensure proper implementation and compliance of our policies and procedures including key operating procedures and internal control procedures relating to the trust structures
• To review and ensure quality and consistency in delivery of service standards to clients
• Ensure periodic reviews of policies and procedures, manuals, operating memoranda and administration documents
• To maintain DBS internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external auditors/regulators
• To prevent or minimize errors in the business processes that may lead to exposure to risks of financial or reputational loss

Responsibilities

• Engage stakeholders for the preparation and drafting of operating memorandum or any other document relating to the delivery of service standards by the corporate trust and agency team
• Identify areas for improvement and implement solutions to increase efficiencies within the corporate trust and agency team or across business units;
• Ensure compliance with all laws, regulations and rules governing DBS Trustee Limited as a Licensed Trust Company and Approved Trustee;
• Control and monitor all areas of risk and compliance, including, inter alia, periodic reviews, investment reviews, and new business implementation;
• Provide guidance and technical support on fiduciary, compliance and risk issues;
• Follow up key changes to industry standards and practices;
• Liaise with other parts of DBS in the definition, roll-out and implementation of group policy and procedures and the ongoing review thereof;
• Assist with preparation and updating of manuals, including definition of policy, risks, controls, workflows and reference to appropriate documents;
• Work with operations team to ensure a smooth handover of matters to the operations team

Requirements

Non-Technical Experience

• At least 6 years of relevant experience in administration of funds and trusts including S Reit and collective investment schemes
• Organisational skills
• Interpersonal skills
• Ability to multi-task

Technical Experience

• Good knowledge of corporate trust business processes, standards, policies, procedures and regulations

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