At a Glance
- Tasks: Administer client trust services and ensure compliance with regulations while improving processes.
- Company: Join a dynamic Trust Services Provider team focused on excellence and innovation.
- Benefits: Competitive salary, professional development, and supportive management.
- Other info: Opportunity for career growth in a collaborative and entrepreneurial environment.
- Why this job: Make a real impact in trust administration and enhance client experiences.
- Qualifications: 3 years of client-facing experience and a relevant Bachelor's Degree required.
The predicted salary is between 35000 - 45000 £ per year.
Experience: at least 3 years' client-facing trust and/or corporate services experience. Holding or studying towards a Diploma in International Trust Management (STEP).
We are looking for a Trust Administrator to work as part of our Trust Services Provider team. As part of our entrepreneurial team, you will play a key role in the proactive development and delivery of the highest standard client trust services, with the full support of senior management.
Our clients include a diverse range of trust structures and companies, and you will assist with their day-to-day administration, statutory and regulatory compliance, transactions and governance processes. You will also be actively encouraged to contribute towards the business by identifying improvements in processes, policies and procedures and any other service innovation changes that would further improve the client experience and ensure the highest standards of regulatory compliance and risk management for the business.
- Administration of a portfolio of trust structures in accordance with internal policies and procedures and Bermuda's statutory and regulatory requirements.
- Assisting the Trust Managing Director to analyse and interpret trust deeds and related documents with a focus on reviewing trust documents for legal, tax, administrative and investment issues.
- Maintaining current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the trustee’s fiduciary duties.
- Ensuring trust transactions are properly recorded and statutory registers for clients are correct and complete.
- Organising meetings, preparation of agendas, draft minutes and trustee resolutions and following up with the business in respect of action items to be completed.
- Attending to routine filings with Registrar of Companies, Bermuda Monetary Authority and other Bermuda government and regulatory bodies, as required.
- Assisting the team with requests and liaison with tax, accounting, legal advisors, investment managers and banks.
- Independently responding to email queries and proactively engaging in the business.
- Requesting and reviewing new and updated Client Due Diligence information from clients, as required, to ensure compliance with all applicable AML/ATF, sanctions and related requirements and general compliance duties.
- Maintaining awareness of operational risk, anti-money laundering and compliance risks, taking action to limit exposure to risk and identify issues to management.
The ideal candidate will:
- Have at least 3 years' client-facing trust and/or corporate services experience.
- Have a Bachelor's Degree in a relevant field.
- Be holding or studying towards a Diploma in International Trust Management (STEP).
- Be holding chartered status or studying towards graduate status from the Corporate Governance Institute (formerly ICSA) would be an advantage.
- Have excellent verbal and written communication skills; minute taking experience would be a definite advantage.
- Have attention to detail and excellent organisational skills.
- Have experience in the use of Viewpoint entity administration software or equivalent.
Trust Administrator (VA788) employer: Carey Olsen
As a Trust Administrator with our dynamic Trust Services Provider team, you will thrive in an environment that champions professional growth and innovation. We offer a supportive work culture where your contributions are valued, and you will have the opportunity to enhance your skills while working with a diverse range of clients in Bermuda's vibrant financial sector. Join us to be part of a forward-thinking organisation that prioritises excellence in client service and regulatory compliance.
StudySmarter Expert Advice🤫
We think this is how you could land Trust Administrator (VA788)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Carey Olsen. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Trust Administrator (VA788)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Carey Olsen.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Carey Olsen's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Carey Olsen
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Carey Olsen.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Carey Olsen will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Carey Olsen employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
