Job Description
Who we are looking for
This is a mid level management role within the Trust Service Business Unit of State Street Trust (SG) Limited. The position interacts with all levels of professionals both internally and externally and with senior level executives of State Street. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of managing robust trustee monitoring programs covering a range of trust administration services.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
The following aspects of this role are indicative only and in no way limits the organisation in allocating additional and or alternative accountabilities (specific tasks, projects or related activities) to the employee, within the scope of the employee’s level of competence, experience, knowledge and qualification.
What you will be responsible for
As a Trust Manager , you will
- Carry out regular fund review and monitoring programs and report findings based on the established internal policies and guidelines
- Monitor fund’s compliance with the relevant investment restriction and borrowing power limits, ensure breaches are promptly logged and resolution actions are properly tracked and recorded
- Review fund’s constitutive documents, including prospectuses, trust deeds and operating procedures, and highlight any issues from a trustee operational perspective
- Work closely with the fund manager and internal stakeholders in custody, fund accounting, transfer agency and analytics in the process of conducting oversight duties of the fund
- Manage the account opening process and timelines with financial institutions
- Assist the Chair of oversight committee and acting as the secretary to prepare or collate the meeting pack, taking minutes of meetings and follow up on outstanding actions
- Serve as the Resident Manager of the trust company, if necessary
- Assist in projects as required and contribute to the business objectives of the trust department
What we value
These skills will help you succeed in this role
- Detail-oriented mindset
- A sense of accountability and strong governance mindset
- Ability to keep abreast of relevant regulatory and fund industry developments
- Excellent ability to multi-task and strong administrative, organizational, planning and co-ordination skills
- An aptitude for influencing and effectively communicating ideas to team members, senior management, and clients
- Proactive and ability to work independently and as part of a team
- A polished, professional outlook and manner
Education & Preferred Qualifications
- Candidate must have at least 4 years of solid experience in administering collective investment schemes, especially in fund compliance and trust administration
- Deep understanding of fund related regulations and guidelines, in particular the Code on Collective Investment Schemes
- Good working knowledge of MS Office suite including Word, Excel and PowerPoint
- Strong written & verbal communication skills
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers