About the Role
The Trust Officer is responsible for overseeing the administration of trusts within various companies. They work closely with multiple teams to manage the creation and operation of individual trusts, ensuring compliance with laws and regulations.
Key Responsibilities
* Manage bank, custodian, and brokerage accounts effectively.
* Oversee asset movements within the trust to maintain its stability.
* Maintain meticulous records and ensure adherence to laws and policies.
* Engage with auditors and regulatory bodies as needed to maintain transparency.
* Collaborate with legal, compliance, and client service teams to achieve common goals.
Trust Governance
* Maintain governance structures, minutes, and documentation of trustee decisions to ensure accountability.
* Ensure decisions are in the best interests of beneficiaries and document any potential conflicts of interest.
Tax Operations Oversight
* Review trust registration requirements and conduct tax due diligence to minimize liabilities.
* Ensure trusts maintain compliance for tax relief benefits to optimize their performance.
Plan Management
* Coordinate with the EPM team for data accuracy and reporting to make informed decisions.
* Oversee asset reporting, transaction reporting, and compliance with trust deed and regulations to avoid non-compliance.
Professional Development
* Devote time to personal development and training through fiduciary materials, seminars, and courses to enhance professional skills.
Requirements
* Bachelor's Degree required; MBA or advanced degree preferred for enhanced qualifications.
* Deep knowledge of fiduciary products, legal, tax, and regulatory requirements is essential.
* Experience in Employee Benefit Trust business, either at a fiduciary or law firm, is highly valued.