Learn how you could earn up to $500 simply by referring your friend to Baraud. Learn More

Assistant Trust Officer – Risk & Compliance

Title Assistant Trust Officer - Risk & Compliance
Categories Banking & Financial Services, Trust
Salary USD$65k
Location George Town
Job Information

The successful applicant is primarily responsible for performing reviews of existing clients, proposed new clients prior to acceptance and compiling evidence of work.

  • Primary duty of this role is trust administration.
  • For new business, review take-on documentation to ensure compliance with the relevant policies and procedures manuals.
  • Assess new business risks, and report the recommendations to the Manager.
  • Establish and maintain a good working knowledge of the compliance-related requirements for both new and existing business,
  • Assist the STO in maintaining the Policies and Procedures manuals. Contribute to this process by being jointly responsible for the manual/s within your assigned area of expertise.
  • Establish and maintain a good working knowledge of the Qualified Intermediary process.
  • For existing business, perform reviews of customer records and account documentation to ensure obligations are being performed, documentation meets standards, system records are complete and up-to-date, and procedures are carried out as determined by the appropriate manuals.
  • Maintain a good working knowledge of applicable laws and regulations including Trust & Companies Law, PCCL, Company Management Law, Mutual Funds Law, Qualified Intermediary Agreement.
  • Conduct special and ad-hoc exercises relating to client compliance matters and other associated issues.

Requirements:

  • University degree – law preferably.
  • Professional qualification (STEP preferred, ICA or ACAMS).
  • Min 5 years in trust administration.
  • Knowledge in trustee/directorship responsibilities, banking practices and general accounting principles.
  • Ability to read and understand Trust, AML policies and all areas of wealth management.

Please note this role is to commence temporarily and has a view to permanency for the successful applicant.

Job Type temporary
Apply to Email aengus@baraud.com