Assistant Trust Officer, Citi Private Bank - Hybrid

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Citi Global Wealth (CGW) brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices. The strategies we create help our clients maintain liquidity while maximizing yields, transact in foreign currency and across borders, and manage fluctuating expenses or cash flow. We are uniquely suited to helping our clients meet their banking needs across regions through our global network.

Citibank serves as a trusted advisor to our retail, mortgage, small business and wealth management clients at every stage of their financial journey. We’re currently looking for a high caliber professional to join our team as Assistant Trust Officer based in Singapore. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions and manage your financial well-being to help plan for your future.

The Trust Fiduciary Assistant Trust Officer is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team.

Responsibilities:

• Manage an existing book of trust and estate accounts: types of accounts include revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, various types of charitable trusts, estate accounts, and agency accounts, both discretionary and directed.
• Initiate investment management of the accounts by coordinating with Private Bankers and Investment Counselors and utilizing both internal and external investment managers.
• Knowledge and understanding of special assets such as promissory notes, operating agreements, LLC’s, LP’s, loan holds, life insurance policies, real estate interests and oil and gas interests.
• Work with both internal and external tax preparers to complete and file tax returns for the various types of accounts.
• Review discretionary distribution requests, including collection of financial and tax documentation from the client.
• Review and update information for each account for the annual administrative review.
• Assess the client’s overall estate and tax planning needs.
• Compliance with legal requirements and internal procedures in relation to account activity.
• Communicate effectively with the client and/or the client’s attorney on all trust and estate matters.
• Appropriately assess risk when business decisions are made.

Qualifications:

• 0-2 years relevant experience
• Experience in estate or trust management and administration.
• Strong knowledge and proven technical proficiency in legal, investment and tax issues relative to trust and/or estate management and administration.
• Proven strong communication skills.

Education:

• Bachelor's/University degree or equivalent experience

Job Family Group: Private Client Product Services

Job Family: Trust Fiduciary Services

Time Type: Full time

Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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