AVP - Risk Team Leader - Trust Administration Team - Bank
The candidate should be only form Mumbai
Prior exp in Trustiship company will be preferred
Job RoleFiduciary responsibility :
- Sending annual mailers to clients on insider information rule and ensuring that no transaction is violating the insider information rule on a post-facto basis
- Yearly risk search on all the Trust clients, settlors and beneficiaries
- Ensure processes are prepared, updated and implemented
- Vigilance on immovable properties of the Trusts
- Updating master sheets and ready reckoner information for the trusts on a required basis
- Ensuring client complaints are resolved on a timely basis
- Checking of fiduciary compliances e.g.
- Checking distributions are made on a timely basis to beneficiaries
- Review of respective trust investments with investment advisors
- Ensuring fees charged are as per the agreed terms for all the Trust clients by the service providers
- Ensuring confirmations of taxes paid by clients for revocable trusts on an annual basis
Risk & Technology- Review of the risk register on a periodic basis and getting the required actions implemented
- Preparing and implementing the RCSA (Risk Control Self-Assessment) checklist for the Trust Administration Team
- Updating the ICAAP document/Risk documents for Estate Planning Business
- Ensure periodic review of client database from a risk perspective
- Implement technology solutions in co-ordination with BSG teams to automate the work and bring inefficiency
Audit- Coordinating with auditors for their requirements - internal, GST, IFC etc.
- Co-ordinate with the internal team & internal audit team to ensure closure of audit issues for allocated areas
Job Requirements:- CA/MBA with ~10 yrs experience. Others can apply subject to higher experience
- Background in risk and exposure to tech solutions will be an added advantage
- Solution-oriented with strong communication skills
- Temperament to work in teams
- Ability to interact and coordinate with multiple stakeholders including other businesses, teams and individuals within the organization across levels
- Preferably have experience and knowledge of taxation, GST, TDS