VP, Senior Trust Manager, Private Banking, Consumer Banking Group - Singapore - DBS Bank

    DBS Bank
    DBS Bank Singapore

    12 hours ago

    Banking / Loans
    Description
    Business Function

    DBS Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset classes and employ the best strategies and product vehicles to cater to each client's needs. Coupled with partnerships within the DBS network and with global institutions, we strive to build long-term relationships with our Private Banking clients in Asia by providing them with high quality, timely and extensive wealth management, investment and financial solutions.

    DBS Fiduciary Services - Private Trust offers professional trustee services to clients of DBS Private Bank and Treasures Private Clients in the establishment and management of their private trusts. We strive to protect, manage and distribute the trust assets for our clients and their families through generations and to exercise our trustee's responsibilities in the best interests of the beneficiaries. We have a team of dedicated, experienced trust administrators who provide high-quality, timely and professional services to our clients in the management of their private trusts.

    As a Trust Manager with Asia's best bank, you will be administering and managing a portfolio of about 60 bespoke private trust structures. You will partner the Private Trust Operations in the performance and delivery of the trust administration services to the clients. You will also work closely with the relationship managers in DBS Private Bank and Treasures Private Clients who will generally manage the clients' relationship with DBS on a holistic basis.

    Responsibilities
    • 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 companies
    • Review trust deed, legal and tax opinions to understand the requirements for the proper administration of the complex / customised private trust structures and ensure that the private trust structures are properly administered in compliance with these requirements
    • Review asset injections and ensure that the source of funds have been properly verified and satisfy the AML/CFT due diligence requirements
    • Attend 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 satisfied
    • Attend to clients' requests for variations to letter of wishes and preparing the revised letter of wishes
    • Attend to clients' requests for change of beneficiaries and preparing the supplemental deeds
    • Periodic review of trust records to ensure that they are accurate and up-to-date
    • Periodic review of trust structures to ensure that all AML/CFT ongoing monitoring due diligence requirements are satisfied
    • Review of annual financial statements for the private trusts and private investment companies prepared by Private Trust Operations to ensure that they are accurate and in order
    • Meet clients to conduct trust reviews and to identify if any action needs to be taken to address any change in clients' needs
    • Attend to any ad-hoc transaction request from clients in relation to their private trust structures and assets, assess and identify solutions and issues, liaise with professionals (lawyers, accountants, tax agents, etc) to obtain the necessary advice and legal documentation, review contractual documents and financial statements/accounts, follow-up with clients and relationship managers to explain and implement the necessary actions to be taken, and to bring the transaction to satisfactory completion
    • Assess and ensure proper discharge of the trustee's fiduciary duty in the management and administration of the private trust structures
    • Assess and ensure that all legal/regulatory requirements and AML/CFT due diligence requirements are satisfied in relation to the private trust structures
    • Highlight issues, deficiencies, suspicious AML or other non-compliance issues to relevant parties and management
    • Keep abreast of legal and regulatory developments that impact on the private trust structures and ensure compliance with all controls and processes
    • Coach 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 structures

    Requirements
    • A bachelor degree (preferably in Accountancy or Law) with at least 8-10 years of working experience in private trust administration area, preferably managing complex / customised private trust structures such as family office, pre-IPO and private trust company structures, and managing non-bankable trust assets such as operating companies and private equity funds
    • Familiarity with legal and regulatory requirements relating to a trustee's responsibilities
    • STEP certification in International Trust Management
    • The ability to be client centric while balancing business needs and controls
    • Excellent interpersonal skills to manage relationships with clients and relationship managers
    • The ability to review contractual documents and financial statements/accounts and assess the impact on the private trust structures

    Apply Now

    We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

    Primary Location

    Singapore-DBS Asia Central

    Job

    Client Management

    Schedule

    Regular

    Job Type

    Full-time

    Job Posting

    Jan 19, 2026, 4:00:00 PM

  • What You'll Be Doing · You'll spend most of your time trying to simplify very complex products and ideas. It may be an uphill battle, but it's worth it. If you succeed, your designs will be experienced by millions and solve real-life problems. We say that, if you can work in a ba ...

    Singapore

    12 hours ago

  • Work in company

    AVP, Product Designer, Group Design, Consumer Banking Group

    Only for registered members

    You'll spend most of your time trying to simplify very complex products and ideas. · You may be an uphill battle, but it's worth it. If you succeed, your designs will be experienced by millions and solve real-life problems. · We say that, if you can work in a bank, you can work a ...

    Singapore

    1 month ago

  • Work in company

    AVP, Product Designer, Group Design, Consumer Banking Group

    Only for registered members

    You'll spend most of your time trying to simplify very complex products and ideas. It may be an uphill battle, but it's worth it. · ...

    Singapore

    5 days ago

  • Work in company

    AVP, UX Researcher, Group Design, Consumer Banking Group

    Only for registered members

    As AVP UX Researcher you will keep us on our toes reminding us to look away from screens back at reality where customers live. You will generate sharp actionable insights that go beyond reports to inspire colleagues to see through customer eyes. ...

    Singapore

    4 weeks ago

  • As the leading bank in Asia DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. · We have a team of dedicated experienced investment advisors who identify opportunities in the various asset classes and employ the best strat ...

    Singapore

    1 month ago

  • +Job summary · As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. · +ResponsibilitiesProvide advisory and investment services in private banking to deliver professional and high value service t ...

    Singapore

    1 month ago

  • What You'll Be Doing · As a Core Researcher in the team, you will keep us on our toes. Remind us to look away from the comfort of our screens and back at the reality—where our customers live. You will keep asking, 'Why are we doing this again?'. And not be satisfied with the answ ...

    Singapore

    12 hours ago

  • Work in company

    Implementation Manager, Group Transaction Banking

    Only for registered members

    We invite you to build the bank of the future. Innovate the way we deliver financial services. · ...

    Singapore Full time

    5 days ago

  • Business Fuction · DBS Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset c ...

    Singapore

    12 hours ago

  • Work in company

    VP, Equity Advisory, Private Banking, Consumer Banking Group

    Only for registered members

    We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset classes and employ the best strategies and product vehicles to cater to each client's needs. · ...

    Singapore

    3 weeks ago

  • Work in company

    AVP, Portfolio Manager, Private Banking, Consumer Banking Group

    Only for registered members

    The CIO Discretionary Portfolio Management team is looking to add a portfolio manager who will be responsible for managing discretionary multi-manager portfolios. · ...

    Singapore

    1 month ago

  • We are seeking an experienced Application Developer to join our Institutional Banking Group Technology team. The successful candidate will design, develop and maintain high-quality software applications to support the bank's corporate banking operations. · Design, develop and mai ...

    Singapore

    2 weeks ago

  • The Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. · ...

    Singapore Full time

    2 weeks ago

  • Business Function · DBS' Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset ...

    Singapore

    12 hours ago

  • Work in company

    VP, Product Insights, Group Transaction Banking

    Only for registered members

    +Job summary · About UOB is a leading bank in Asia with a global network of more than 500 branches and offices. · +ResponsibilitiesAssist to set up a Product Insights Centre of Excellence (CoE) across transaction banking products. · Manage strategic projects from planning to exec ...

    Singapore

    1 month ago

  • Work in company

    VP, Business Development, Group Commercial Banking

    Only for registered members

    About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific Europe and North America. · In Asia we operate through our head office in Singapore and banking subsi ...

    Singapore

    1 month ago

  • We are seeking a highly motivated and experienced individual to take on a multifaceted role within our Corporate Bank Technology division. · This role requires a strong blend of technical acumen, business understanding, project leadership, and people management skills to drive st ...

    Singapore

    1 month ago

  • As a Trust Manager with Asia's best bank, you will administer and manage a portfolio of about 60 bespoke private trust structures. · ...

    Singapore

    1 month ago

  • We have a team of dedicated investment advisors who identify opportunities in various asset classes. We strive to build long-term relationships with our Private Banking clients by providing high-quality wealth management solutions.This is an opportunity to join a strategically im ...

    Singapore

    1 month ago

  • Business Function · DBS' Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset ...

    Singapore

    12 hours ago

Jobs
>
Singapore