Trust Officer
This position reports to the Vice President (VP), Trust Services, and is responsible for the management of a portfolio of complex trusts and companies.
Your responsibilities will include:
- Responsible for the management and administration of a portfolio of trusts
- Maximizing and strengthening the client relationships with beneficiaries and advisers in order to have appropriate knowledge to carry out the trust’s purposes and meet the needs of the beneficiaries
- Maintaining current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the firm’s fiduciary duties
- Ensuring that Trust provisions, Bank policies/procedures and relevant Legislation are adhered to at all times
- Proactively organizing and meeting principals and beneficiaries in person to discuss matters and refer complex issues to management and ensuring trusts and Bank policies are followed
- Analyzing and interpreting trust deeds and related documents with a focus on reviewing trust documents for legal, tax, administrative and investment issues
- Maintaining vigilant knowledge to efficiently mitigate the risks/consequences that may result from inefficient administration i.e. the late settlement of investment transactions, corporate actions, foreign currency exchanges or other risks to clients or the bank
- Authorizing and committing the trust Company on transactions
- Acting as a representative of the trust company to beneficiaries, advisers and colleagues
- Maintaining awareness of operational risk, anti-money laundering and compliance risks, taking action to limit exposure to risk and identify issues to management
- Any other reasonable duties as assigned by management
Your qualifications and skills include:
- Degree in finance or business or minimum five years’ relevant experience in financial services and trust administration
- STEP designation an asset or a commitment to complete the STEP programme within the first two years of employment
- Strong understanding of investments and financial services, with the ability to understand and interpret trust deeds, wills, bye-laws and all applicable/relevant legislation/guidelines relating to Trusts, Companies and Proceeds of Crime
- Good knowledge of Trust industry best practice, principles, policies and procedures
- Good knowledge and awareness of business risks and related controls
- Ability to work under pressure and multi-task with high attention to detail
- Excellent interpersonal and client verbal and written communication skills
- Excellent organizational skills and ability to work on own initiative
- Proficient in Microsoft Office Suite
Bermuda
Trust