Take a step in the right direction.
At Butterfield, we provide full-service community banking and specialised international financial services. Operating in multiple jurisdictions, we focus on results, value relationships, and celebrate success. If this sounds like your kind of company, then consider this opportunity to become part of a collaborative team of professionals at a world-leading, independent offshore bank and trust company.
Trust Officer
Reporting to the Vice President, Trust Services, this position 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 client relationships with beneficiaries and advisors in order to have the appropriate knowledge to carry out the trust’s purpose 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 organization’s fiduciary duties.
- Maintaining current information on advisors in accordance with regulatory guidelines and policy.
- Ensuring that Trust provisions, Bank policies/procedures and relevant Legislation are adhered to at all times.
- Proactively organizing and meeting principals and beneficiaries virtually or in person to discuss matters; referring complex issues to management to ensure that Trust provisions and Bank policies are followed at all times.
- Analyzing and interpreting trust deeds and related documents with a focus on reviewing trust documents for legal, tax, administrative and investment issues.
- Taking an active role in effectively solving client concerns and advising management of impending issues in a timely manner.
- 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 in accordance with the authority limits.
- Acting as a representative of the Trust company to beneficiaries, advisors and colleagues.
- Maintaining effective communications with the managers, staff and professional advisors of clients as required.
- 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.
- Proven ability to identify potential risks in file administration/process and approach issues in a methodical manner, communicating findings clearly and professionally.
- STEP designation an asset or a commitment to complete the STEP program 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, and policies & 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 organisational skills and ability to work on own initiative.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Access).
About the team
Trust is a tradition at Butterfield, in every sense of the word. As the Bank’s fiduciary services subsidiary, Butterfield Trust offers trust, estate, company management and custody services. Across the Group, the Butterfield Trust team assists with the formation and administration of trusts, companies and partnerships for both private and corporate clients designing solutions that meet our clients’ requirements.
Why Butterfield?
With more than 1,300 financial services professionals across 10 international jurisdictions, the Butterfield experience is enhanced by robust learning and development opportunities, comprehensive benefits, and preferred rates on a variety of proprietary financial services. Guided by our core values—approachable, collaborative, empowered and impactful—we provide a respectful environment where the diversity of our employees and the talents and experiences they bring are celebrated and valued. With a 160‐year tradition of service excellence, we empower individuals to achieve their goals and make a positive impact on our business, our clients and our communities.
Does this sound like you?
All applications should be forwarded via e-mail to [email protected].