AVP - Risk Team Leader - Trust Administration Team - Bank

AVP - Risk Team Leader - Trust Administration Team - Bank

The candidate should be only form Mumbai

Prior exp in Trustiship company will be preferred

Job Role

Fiduciary 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