Trust Administrator (Capital Injections), BOS Trustee Limited (1 Year Contract)

  • Competitive
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Bank of Singapore
  • 19 Sep 18 2018-09-19

Trust Administrator (Capital Injections), BOS Trustee Limited (1 Year Contract)

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!

Bank of Singapore opens doors to new opportunities.
Start your career with Bank of Singapore as a Trust Administrator (Capital Injections)!!

General Description
• The incumbent will support the trust team in carrying out monitoring of incoming funds (capital injections) of the structures which BOS Trustee Limited is trustee of.

Main duties
• Generate and prepare weekly transactions report to identify incoming funds
• For the transactions identified, to prepare the capital injection report. This consists of:
- Sending requests to the bank relationship manager for information on the account
- Understanding the purpose of the incoming funds,
- Performing name-screening on the parties,
- Update the transaction movement schedule with details of the entry
- Arrange for sign-off by the trust manager for completion of the report within 6 weeks of receipt

• Interact with front office to obtain documents
• Track due reports
• Assess third party bank statements to detect incoming funds (cash/securities)
• 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 ad-hoc projects as necessary

Work experience requirements
• 3 to 5 years in banking/financial industry • Team player
• Meticulous and pays attention to details
• Able to use Excel

Education Requirements
• Degree/Diploma holders are welcome to apply

Reporting To
Head of Trust Operations