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
