Citi ICG Markets - Head of Trustee Services and Resident Manager in Singapore, Singapore
Primary Location: Singapore,Singapore,Singapore
Education: Bachelor's Degree
Job Function: Product Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 17047946
The role is for the Head of Trustee Services in Singapore. He/she will be responsible for managing and monitoring all trustee and fiduciary business conducted through trustee services in Singapore. In addition, he/she will work closely with Regional Trustee Services product managers to define and execute the Asia Pacific fund fiduciary services strategy.
Develop trustee solutions for mutual funds and exchange traded funds in Singapore and Asia Pacific
Ensure that we have a robust operation in performing fund compliance monitoring that is in compliant to regulatory requirement in various countries
Manage relationship with regulators in Asia Pacific, notably Singapore
Perform product documentation review on client on boarding, e.g. trust deed, custody agreement etc.
Assist APAC Trustee & Fiduciary Services Head to set up and implement a robust monitoring and reporting of fiduciary services sales pipeline, revenue and product profitability
Ensure the implement fiduciary deal review process and monitor and manage product deviations is implemented in Asia-Pacific
Highlight any fiduciary business risk to senior management and in the quarterly fiduciary meeting
Support business growth and development fiduciary product expertise especially in the area of new product or client segments
Conduct fiduciary training to team and other internal Citi teams
Provide coaching and development opportunity to staff
Work with independent risk on global fiduciary business review, manage product risk and product P&L
Work with all external (fund managers, professional firms, regulatory agencies, etc.) and internal stakeholders, including product and O&T, to ensure the smooth and proper running of the trustee business, e.g. monitoring of fund compliance, resolution of breaches, meeting all required reporting on a timely basis, organize and present in FOC / ROC, etc.
Stay abreast of market and regulatory developments in the fiduciary and fund services industry and analyse the opportunities and challenges of these developments on the business.
Ensure the conduct of the fiduciary and fund services business is conducted in accordance with all relevant internal policies and external rules and regulation.
Conduct annual due diligence and monitor performance of all agents (internal and external) in compliance with applicable policies and guideline