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Wealth Management - International Trust Services, Trust Officer - Vice President
senior · Other
The Global Trusts & Estates Practice of JPM Trust Company is an integral part of the services we offer to clients. With over 160 years of experience in serving as a corporate fiduciary for families, it is important that our Trusts and Estates services are delivered by the most capable people, with technical experience as well as the ability to interact well with a variety of types of families and individuals.
As a Vice President in the ITS business, you will work within the ITS business in Singapore to ensure that fiduciary services are delivered in a manner consistent with all legal, regulatory and internal requirements. You should have the ability to work independently with wealth advisors, client advisors and professional advisors, and will be expected to develop direct relationships with clients.
Job responsibilities:
- Be primarily responsible for a portfolio of trust structures.
- Partner with the Trust Administrators in the preparation, review and execution of documentation covering the relevant aspects of trust administration; including the onboarding of new trust structures and ongoing transactions including opening of new internal and external bank accounts, distributions, credit facilities, liquidations and transfers.
- Collaborate with the respective client facing teams, including Client Advisors and Wealth Advisors, to ensure timely and accurate communication with settlors, beneficiaries and professional advisors.
- Liaise with the business development team and new business approval team for the onboarding of new structures.
- Liaise with the bank’s operations team with regards to the opening of bank accounts.
- Perform fiduciary reviews and other compliance and risk management tasks to ensure that the structures are administered in accordance with regulatory and group requirements.
- Liaise with the trust accounting team to ensure timely and accurate preparation of financial statements for the trust structures.
- Develop, retain and deepen trust account and client relationships through regular trust reviews and meetings.
- Provide guidance to Trust Analysts.
- Participate in various projects and duties as assigned by management.
Required qualifications, capabilities and skills:
- Bachelor’s degree or equivalent in any discipline
- A minimum of 7 years’ fiduciary experience, including extensive client interaction, in an international environment.
- In depth knowledge of trust law and legal/regulatory requirements affecting international fiduciary locations
- TEP designation or working towards obtaining a TEP designation
- The ability to evaluate and propose effective structuring solutions
- The ability to assess fiduciary risk to make appropriate business decisions
- Experience with cross-border tax and planning issues
- Knowledge of investment and credit products and services
- Proficiency in MS Office Applications; adaptive to new systems and technologies
- Excellent written and oral communication skills
- Ability to work in a team environment with minimum supervision
Preferred qualifications, capabilities, and skills:
- Proficiency in Mandarin language is preferred as the team engages with clients located across the region in Hong Kong and China.