Senior Trust Administrator

Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Job Description

This role is for assisting in day-to-day administration of trusts and company structures of different levels of complexity and in new business acceptance and review process.

Responsibilities

- Process documents for trust restructuring, revocation and deed of amendments etc.
- Process payments and distribution of trust assets
- Process documents for trust termination, change of trustee, change of beneficiaries and related matters
- Process documents for financial transactions conducted by the trust
- Process bank account opening and other related documents
- Monitor and chase outstanding documents/information
- Update database and imaging system
- Deal with telephone enquiries/email enquiries
- Maintain effective communication with other Merrill Lynch departments
- Comply with the policies, procedures, laws, rules and regulations applicable to the trustee
- Assist in the process of review and acceptance of new business
- Assist in conducting due diligence exercise on new and existing clients
- Take follow-up action arising from investment reviews and fiduciary reviews
- Assist in office administration
- Communicate and coordinate with internal and external working parties

Requirements

- A recognized degree in Accounting, Law, Business Administration or any relevant discipline
- At least 3 years' relevant experience in private trust administration services or tax advisory services or financial services industry
- Preferably starting the course of the Diploma in International Trust Management granted by the Society of Trust and Estate Practitioners
- Excellent interpersonal and communication skills
- Good computer skills
- Driven, energetic and self-motivated
- Excellent command in English and Chinese (Mandarin), both written and oral
- Ability to work independently
- Knowledge of banking and securities products/instruments, and investment
- Some knowledge of general principles of law, trust law and/or company law
- Some experience in managing offshore companies and/or trusts
- Excellent organizational and interpersonal skills
- A good team-player
- Willing to work outside office hours if needed