Estate & Tax Planning Attorney​/Trusts and Estates - General Attorney in Woodlands, Singapore

Position: Estate & Tax Planning Attorney / Trusts and Estates - General Attorney in Woodlands, Singapore [...]
Estate & Tax Planning Attorney / Trusts and Estates - General Attorney in Woodlands, Singapore (General)

Job Title:

AVP/VP, Private Trust Business Development Manager, Private Banking, Consumer Banking Group.

Job Responsibilities:

General Summary

Analyse trust documents for legal, tax, administrative, and investment issues and coordinate the delivery of services.

Make recommendations on how the Trustee shall exercise discretionary powers as a trustee.

Maintain comprehensive knowledge of trust law and trust administration, applying it to client-specific planning exercises and trust administration.

Collaborate with Group Legal & Compliance and external lawyers and professional advisors to resolve tax and legal issues.

Understand internal procedures involving discretionary/reserved powers distributions, trust administration, bank account opening/closing, and investments.

Address inquiries from beneficiaries, power holders, protectors, and their advisors.

Work independently and within a team-based environment.

Ensure consistent application of all Trustee and Bank policies and procedures, representing at relevant governance and oversight committees.

Partner with client's other advisors, including attorneys and accountants.

New Business Acceptance

Address inquiries from Wealth Planners and Relationship Managers about pipelines and proposed trust structures.

Maintain and update the template library of onboarding documents and guidelines.

Review legal/tax opinions and amendments to trust deeds and other template documents, liaising with Wealth Planners and professional advisors on proposed amendments.

Highlight key points of the trust structure, customized documents, and legal/tax opinions to Trust Managers and Trust Operations for proper execution and administration.

Maintain a Register of Pipelines and prepare regular updates and reports on the progress of prospects to management.

Attend new trust handover meetings to clarify customized structures and highlight any special administration or accounting requirements.

Support Trust Administration

Maintain trust administration templates and draft amendments for customized transactions and structures as necessary.

Provide guidance to Trust Managers and Trust Operations on structures requiring special handling for legal, regulatory, accounting, or tax matters, liaising with professional advisors as necessary.

Liaise with Legal & Compliance and external lawyers, guiding Trust Managers on necessary action steps for complaints, litigation, and disputes.

Coordinate ad-hoc projects to remediate structures pursuant to changes in the legal, regulatory, and tax landscape.

Assist in coordinating and supporting the trust company’s governance functions, including semi-annual board meetings, regular sub-committee meetings, taking minutes, and maintaining terms of reference.

Knowledge Centre

Monitor and analyze changes to legal, regulatory, and tax changes impacting trust structures and trust administration.

Liaise with Group Legal & Compliance and/or external lawyers and professional advisors to obtain necessary professional advice and finalize action steps for new business and existing trusts.

Train and educate Trust Managers and Trust Operations on these changes and their impact on trust administration processes.

Maintain a library of technical resources, including legal advice and training slides.

Education and Experience Information

A bachelor's degree in Law.

At least 4 to 8 years of post-qualification experience with law firms in private wealth or trust practice or for financial institutions engaged in wealth management/private banking business.

Strong drafting and analytical skills, organized and motivated.

Strong risk awareness and sound risk management skills.

Able to work in a team as well as independently.

Confident and able to deal with all levels of management throughout the bank.

Able to demonstrate clear commercial application of legal and regulatory knowledge, balancing legal or regulatory risks against commercial needs.

Salary Information:
The company offers a competitive salary and benefits package, along with professional advantages in a dynamic environment that supports development and recognizes achievements.

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