Periodic Review Specialist, BOS Trustee (Manager)

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

• Perform periodic reviews on trust client accounts in accordance with scheduled cycles pegged to risk ratings – AML requirement
• Review source of wealth background of private bank clients, corroborate the declared net worth independently and assess supporting documentation (e.g. financial statements) in line with regulatory requirements
• Carry out name screening in accordance with bank standards whether as part of periodic reviews, onboarding, investigations or ad-hoc requests. Conduct assessment on potential hits, follow compliance guidance and procedures.
• Complete the periodic review checklist, and assessment for trust relationship manager and team head sign-off. In this process, address comments as necessary.