Trust Compliance Manager (Associate Director/ Director) Trust Compliance Manager (Associate Director/  …

Bank of Singapore
in Singapore
Permanent, Full time
Last application, 15 Apr 21
Competitive
Bank of Singapore
in Singapore
Permanent, Full time
Last application, 15 Apr 21
Competitive
Trust Compliance Manager (Associate Director/ Director)
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Main Duties
BAU
  • Advisory such as providing compliance advisory to BOSTL regarding trust related matters , update Compliance Manual regularly , liaising with MAS
  • Business Acceptance such as Business acceptance of non-standard assets (Eg: operating companies, listed shares, real estate)
  • Transaction sampling spot-checks
  • Investigations of suspicious transactions / adverse news, STR filings and communication with STROLL
  • Regulatory breaches to analyse possible breaches, liaise with OCBC breach team
  • Audit - work closely with auditors (GA and MAS), address issues raised by audit, close audit findings within the set timelines

Periodic reviews
  • Conduct periodic reviews for the following trust structures: Third party bank accounts and Non-standard assets
  • Maintenance of periodic review tracker: Periodic review tracker to be kept up to date according to the various categories of reviews

Reporting
  • Monthly and quarterly reporting to BOS and OCBC Group

Broadcast alerts to trust management
  • Applicable MAS net announcements
  • Compliance announcements

Training
  • Prepare training slides and providing training to trust managers


Qualifications
Skills and experience required:
  • At least 5 - 7 years relevant AML experience, preferably with trust exposure
  • Strong understanding of AML/KYC
  • Able to adjust to regulatory changes and implement them accordingly
  • Good writing and communication skills and ability to work with stakeholders
  • Good knowledge of excel
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