Assistant Trust Relationship Manager, Transactions Support (Assistant Manager/Manager)

About Bank of Singapore

Bank of Singapore opens doors to new opportunities. We promote a culture of openness, teamwork, and fairness. We invest in our people through programmes that support their professional and personal development. In addition to attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices.

BOS Trustee Limited

BOS Trustee Limited is the trust company owned by the Bank of Singapore Limited. Headquartered in Singapore and regulated by MAS, the company provides trust administration services. The incumbent will support the business in trust administration activities and join the team to help administer trust mandates.

Main Duties

Transactions Support

• Support transaction-related activities for the trust company in processing, including:
  • Distribution/Revocation requests on the structures
  • Internal transfers between bank accounts
  • Letter(s) of Instruction for ad hoc outward payments (e.g., payments of invoices)
  • Ad hoc transactions-related support activities (e.g., property-related)
  • Terminations-related activities (e.g., processing trust-related documents as required for transfer out of Trusteeships and/or Company(ies), liquidation)
• For the above, prepare and execute tasks to:
  • Check and prepare checklists, instructions, forms, and letters as required (including trustee minutes, director’s resolutions, and updates of schedules)
  • Liaise with external parties/service providers (e.g., banks/nominee director) for execution, ensuring completion and adherence to agreed service level delivery timelines
  • Conduct name screenings where required in accordance with bank standards, and arrange for signature verifications
  • Arrange relevant/exceptional approvals from the Head Trustee, where necessary
  • Update accurate records as necessary (e.g., in the trust system and hard copy files)
• Handle ad hoc tasks and projects as required, including updating department trackers, reporting, file maintenance, and archiving; coordinate and track progress as necessary
• Act in accordance with the organization’s core values (Lasting Value, Integrity, Forward-looking, Respect, Responsibility) and demonstrate the highest standards of business and personal conduct

Requirements

• 1–3 years of experience in trust administration
• Good knowledge of Microsoft Office, in particular Microsoft Excel
• Team player
• Meticulous with an eye for details
• Degree/Diploma holder