Trust Relationship Officer

Job Description & Requirements

Role:

· Manage the day-to-day administration of a portfolio of Trust accounts, reporting to the Head of Trust Administration

Responsibilities:

· To assist with the on-boarding of new clients and obtain the requisite AML/KYC documentation, review of Source of Funds & Source of Wealth information.

· To assist in drafting trust documents such as trust resolutions and letter of wishes.

· To assist in the Asset(s) transfer into the Trust setup, including opening bank accounts.

· To assist in the collection of earnings, dividends or sale of assets, placement of proceeds in the Trust account.

· To liaise with intermediaries relating to the trust structures such as lawyers, tax advisors and bankers when necessary.

· To assist in the direct distribution of funds to Beneficiaries, in accordance with the Trust Deed.

· To undertake Periodic Review of Trust and Estates under administration.

· To manage and administer the existing book of trust clients and develop the relationship by providing exemplary services.

· To attend any risks derived from annual reviews on the trust structures.

· Perform any other ad hoc assignments.

· To raise awareness to management of any AML or KYC issues relating to our existing trust structures promptly

Skills and qualifications:

· 2- 4 years of proven Trust and Company administration experience

· Relevant Degree/ Diploma holder (Accounting preferred)

· STEP qualified or part qualified /pursuing

· Clear track record of ability to garner client’s confidence & understands the needs of clients when structuring a Trust setup.

· Team-player with outstanding interpersonal skills

· Conscientious, with good attention to detail

· Outstanding written and verbal communication skills

· Proven ability to work under pressure to meet deadlines

· Independent and positive working attitude

Key performance indicators:

· No overdue of periodic reviews of the trust cases being assigned to

· Reply to client’s requests or queries promptly within 2 working days

· Ensure vigilance & awareness of KYC/AML procedures

· Timely new client onboarding with the compliance department