Senior Associate, Wealth Management Operations (Private Trust Accounting), at DBS Bank

, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

22 Jul, 26

Salary

0.0

Posted On

24 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Reporting, Trust Accounting, Tax Reporting, Financial Analysis, Excel, Statutory Audit, Financial Controls, Risk Management, Process Simplification, Process Automation, Stakeholder Management, Client Onboarding, Trust Administration, Navision, e-Storage

Industry

Banking

Description

Business Function Private Trust Operations at DBS performs a variety of functions, encompassing new client onboarding, ongoing administration for existing trusts, and financial management responsibilities. Key systems utilized in this role include Navision for client management and e-Storage for document management. At DBS, we are deeply committed to fostering and reinforcing our strong PRIDE! culture, achieved through a strategic focus on continuous staff capability development, empowerment, productivity enhancement, collaborative teamwork, innovative technology adoption, proactive operational risk management, and strong partnerships to deliver exceptional RED service to our valued customers. Responsibilities: Prepare/review financial statements in accordance with Singapore Financial Reporting Standard and/or established accounting standards and corporate policies. Prepare and review financial statements and bank statements of operating entities within complex trust structure. Perform and coordinate tax reporting activities to ensure accurate and timely reporting and compliance with the requirements. Implement financial controls and monitor effectiveness of controls in processes. Assess and communicate information regarding business risks with stakeholders across the organization. Identify and implement process simplification, standardization and automatization of financial and tax reporting to improve effectiveness and efficiency. Independently handle complex issues with minimal supervision, while escalating only the most complex issues to appropriate staff. Requirements Bachelor’s degree in Accounting/ Finance or CA/ CPA equivalent qualification. At least 5 years of experience in managing full set financial statements, reporting and statutory audit of a large entity or group of companies independently. Preferably with 4 years of experience in Big Four accounting firms in Singapore. A solid understanding of the current local tax regime, including specific knowledge of regulations such as 13U and 13O. Strong financial analysis capabilities combined with advanced proficiency in Excel. Trust knowledge and work experience in Trust Companies will be preferred. Experience participating in moderately complex accounting activities across countries/multisite. Experience in group accounting or working with companies in a group. Ability to communicate, influence and build trust with partners at multiple levels in the organization. Work location is in Jurong East Location: DBS Asia Gateway Job: Operations Schedule: Regular Employee Status: Full time DBS is more than a bank — we're shaping the future of finance and communities. With innovation at our core and impact in our DNA, we go beyond banking to build careers, relationships, and a better world. DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets and is committed to building lasting relationships with customers. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities.

Responsibilities

The role involves preparing and reviewing financial statements for complex trust structures while ensuring compliance with Singapore Financial Reporting Standards and tax regulations. Additionally, the associate will implement financial controls, manage business risks, and drive process improvements through automation and standardization.