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VP/AVP, Trust Manager, Private Banking, Consumer Banking Group Job Opening In Singapore, Singapore – Now Hiring DBS Bank

VP/AVP, Trust Manager, Private Banking, Consumer Banking Group

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Job description

Overview
VP/AVP, Trust Manager, Private Banking, Consumer Banking Group at DBS Bank.

The role administers and manages a portfolio of about 60 bespoke private trust structures, partnering Private Trust Operations and working closely with relationship managers to deliver client-centric trust administration services.


DBS Private Banking offers a one-stop, full-service touch-point for total banking requirements with high-quality, timely wealth management and financial solutions.

DBS Fiduciary Services – Private Trust provides trustee services to DBS Private Bank and Treasures Private Clients, focusing on protecting, managing and distributing trust assets across generations in the clients’ best interests.


Responsibilities
Review and ensure new trust application documents meet onboarding requirements for establishment of new private trust structures and private investment companies
Review trust deeds, legal and tax opinions to ensure proper administration of complex/customised trust structures and ensure compliance with requirements
Review asset injections and verify source of funds to satisfy AML/CFT due diligence
Attend to distributions to beneficiaries and discharge fiduciary duty while satisfying AML/CFT due diligence
Attend to requests for variations to letters of wishes and preparing revised letters of wishes
Attend to changes of beneficiaries and prepare supplemental deeds
Periodically review trust records for accuracy and currency
Periodically review trust structures to ensure AML/CFT ongoing monitoring is satisfied
Review annual financial statements for private trusts and private investment companies for accuracy
Meet clients to conduct trust reviews and identify actions needed to address changing client needs
Handle ad-hoc transaction requests, liaise with professionals, assess and implement actions to bring transactions to completion
Assess and ensure proper discharge of the trustee’s fiduciary duty in management and administration
Ensure all legal/regulatory and AML/CFT due diligence requirements are satisfied
Highlight issues and non-compliance to relevant parties and management
Stay informed of legal and regulatory developments impacting private trust structures and ensure compliance
Coach and guide junior trust managers and Private Trust Operations officers
Requirements
Bachelor degree (preferably in Accountancy or Law) with 8–10 years’ experience in private trust administration, including complex/customised private trusts and non-bankable assets (e.g., operating companies, private equity funds)
Familiarity with legal and regulatory requirements relating to a trustee’s responsibilities
STEP certification in International Trust Management
Client-centric mindset with the ability to balance business needs and controls
Excellent interpersonal skills to manage relationships with clients and relationship managers
Ability to review contractual documents and financial statements for impact on private trust structures
Enthusiasm for learning and professional growth
Job Details
Primary Location:
Singapore-DBS Asia Central
Job:
Client Management
Schedule:
Regular
Job Type:
Full-time
Job Posting:
Sep 4, 2025, 5:30:00 AM
EEO/Referrals:
Referrals increase your chances of interviewing at DBS Bank by 2x
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Required Skill Profession

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