Job 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\xc2\xa7 Perform periodic reviews on trust client accounts in accordance with scheduled cycles pegged to risk ratings \xe2\x80\x93 AML requirement\xc2\xa7 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\xc2\xa7 Carry out name screening in accordance with bank standards. Conduct assessment on potential hits, follow compliance guidance and procedures.\xc2\xa7 Complete the periodic review checklist, and assessment for trust relationship manager and team head sign-off\xc2\xa7 Interact with front office to obtain documents\xc2\xa7 Track due reviews and produce management reports as necessary\xc2\xa7 Ensure client due diligence documents (Eg. passports, address proof, certificates of incumbency etc.) are up to date and accurately recorded\xc2\xa7 Ensure outstanding matters are attended to or, if not, escalated accordingly.\xc2\xa7 Ensure that Compliance approval is obtained where required.\xc2\xa7 Review the permanent file to ensure good order and completeness.\xc2\xa7 Assist with other departmental projects and tasks as necessaryQualifications\xc2\xa7 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\xc2\xa7 Team player\xc2\xa7 Organised, detailed and with good risk awareness

Bank of Singapore