Trust Relationship Officer

BRITISH AND MALAYAN TRUSTEES LIMITED; High Street; On-site; GBP 32,000 - 45,000; Full time

Job summary

BRITISH AND MALAYAN TRUSTEES LIMITED is seeking a Trust Administrator to manage daily administration for a portfolio of Trust accounts and support onboarding and AML/KYC processes. You will draft resolutions and letters of wishes, coordinate asset transfers, and liaise with lawyers, tax advisors and bankers.

The role requires 2-4 years of relevant experience, an accounting-related degree, and STEP qualification or progress toward it, with a strong client-service mindset and attention to detail.

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.

Responsibilities

• Manage day-to-day administration of a portfolio of Trust accounts.
• Assist onboarding of new clients and AML/KYC documentation review.
• Assist in drafting trust documents such as trust resolutions and letter of wishes.
• Assist in asset transfers into the Trust, including opening bank accounts.
• Liaise with intermediaries such as lawyers, tax advisors and bankers when necessary.
• Assist in direct distribution of funds to Beneficiaries per the Trust Deed.
• undertake periodic review of Trust and Estates under administration.
• Manage and administer the existing book of trust clients and develop the relationship by providing exemplary services.
• Attend risks derived from annual reviews on the trust structures.
• Perform any other ad hoc assignments.
• Raise awareness to management of AML or KYC issues promptly

Skills

Trust administration

Client relationship

Attention to detail

Written and verbal communication

Team-player

Under pressure

Independent working

Education

Accounting degree

STEP qualification

Job description

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