Head, GWBPB - PTS - Trust & Estate Administration MY
CIMBMalaysia, Malaysia30+ days ago
Job descriptionOversee the administration of trust accounts, ensuring compliance with legal and regulatory requirements. Manage distributions from trusts in accordance with the terms of the trust documents and client wishes. Monitor trust assets and financial performance, ensuring that investment strategies align with client goals and risk tolerance, and coordinate with investment advisors as necessary. Ensure financial reports and statements are prepared for clients and beneficiaries, detailing the status and performance of trust assets. Manage conflict, mediate disputes, and work towards equitable resolutions while upholding the fiduciary duties of the trust. Lead and guide the team on the process of estate settlement, including asset distribution, payment of debts and taxes, and preparation of estate tax returns. Work closely with attorneys, accountants, and other professionals to ensure proper execution of estate plans. Ensure compliance with relevant laws, regulations, and internal policies governing trust and estate administration. Mitigate risks associated with fiduciary responsibilities through diligent oversight and adherence to best practices. Supervise a team of trust administrators and estate planners, providing guidance, training, and mentorship. Foster a collaborative and supportive work environment that encourages professional growth and excellence. Stay abreast of industry trends, legislative changes, and best practices in trust and estate administration. Implement improvements to operational processes and systems to enhance efficiency and client service.
Client Management
- Act as the primary point of contact for all key clients and their families regarding trust and estate matters.
- Build and maintain strong client relationships, understanding their needs and objectives related to trusts and estates.
- To effectively collaborate with all internal stakeholders (Private Banking Sale).
Trust Administration
Estate Administration
Risk Management and Compliance
Team Leadership and Development
Continuous Improvement
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Administration • Malaysia, Malaysia