• Trust Consultant, Group Wealth Management Jobs in Malaysia - 1010441

    Malayan Banking Berhad (Maybank)
  • 6 - 8 Years
  • Malaysia - Kuala Lumpur
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  • Posted above 1 month
  • Job Views: 21
  • Job Applicants: Less than 10

Job Description

Review and ensure that the new trust application documents are in order and meet all on-boarding requirements, prior to our acceptance and establishment of new private trust structures and private investment companiesMonitor trust deed, legal and tax opinions to understand the requirements for the proper administration of the private trust structures and ensure that the private trust structures are properly administered in compliance with these requirementsAttend to requests for distribution to beneficiaries and ensure proper discharge of our fiduciary duty as a trustee in exercise of discretion to make a distribution and all AML/CFT due diligence requirements are satisfiedPeriodic review of trust structures to ensure that all AML/CFT ongoing monitoring due diligence requirements are satisfiedMeet clients to conduct trust reviews and to identify if any action needs to be taken to address any change in clients' needsAssess and ensure that all legal/regulatory requirements and AML/CFT due diligence requirements are satisfied in relation to the private trust structuresHighlight issues, deficiencies, suspicious AML or other non-compliance issues to relevant parties and managementCoach and guide the junior trust managers and Private Trust Operations officers in the proper discharge of the trustee's fiduciary duty in the management and administration of the private trust structuresKeep abreast of legal and regulatory developments that impact on the private trust structures and ensure compliance with all controls and processes
Requirements
Degree holder, preferably in Law or AccountingSTEP certification or its equivalent would be an advantageProfessional experience in private client industry with a minimum of 6 years similar experienceThe ability to review contractual documents and financial statements/accounts and assess the impact on the private trust structuresFamiliarity with the changes in legal and regulatory requirements relating to trust and estate planning on onshore and offshore

Profile Summary

Type:Company Job

Role:Manager

Industry:Banking/Financial Services

Salary:Not Disclosed

Deadline:02nd Mar 2020

Company Profile

Maybank was incorporated on 31 May 1960 and commenced operations on 12 September 1960. On 17 February 1962, the bank was listed on the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia). Today, it is the largest financial services group in Malaysia. Its extensive products and services include commercial banking, investment banking, Islamic banking, offshore banking, leasing and hire purchase, insurance, factoring, trustee services, asset management, stock broking, nominee services, venture capital and Internet banking.

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