Purpose of the role:
You will open new/extension custodian and bank accounts, both externally and entering details into applications used for Trust Admin and terminating custodian and bank accounts both externally and entering the closure in the applications used for Trust Admin.
Responsibilities:
- Asset settlement and custody reviews of custodians and banks
- Accounts and closures document preparation and review in preparation for signing
- Records management and trust system maintenance with reference and static and referential data
- Assist in business unit’s compliance with applicable laws, regulations, regulatory requirements and Group policies and procedures, including but not limited to those related to Anti-Money Laundering laws and regulations, Bank Secrecy Act and others such as FATCA/CRS
- Assist in establishing and maintaining processes that meet policies and procedures relative to the department’s function
- Coordinate and participate in testing of system updates, enhancements, conversions, and process improvements for any change to procedures
- Perform and coordinate section related projects as required
Skills required:
- Minimum 3 years of relevant clerical office experience
- Good technical knowledge of trust company administration processes
- Good understanding of the key risks associated with services provided
- Strong analytical skills