Trust Manager - PJ259

London, UK
Expiry date:
Reference no:

About the bank
C. Hoare & Co. is the United Kingdom’s oldest private bank. It has a unique brand, history and structure. It is owned by the Partners, who are all family members, and who carry unlimited liability. This has been the case since the bank was founded by Richard Hoare in 1672. The Partners are committed to perpetuating a profitable family business. The bank has strong values of empathy, honesty, excellence and social responsibility and is dedicated to offering a select group of customers a truly personalised experience.

Overall objectives of the job:
To administer Trusts & Estates and promote Messrs Hoare Trustees services generally.

The role is subject to the Conduct Rules set by the FCA/PRA. You are required to familiarise yourself with, and comply with, the Conduct Rules and their successors and complete such ongoing training and competence requirements as required by the FCA/PRA and the bank from time to time

Qualifications Required:

  • Must have a minimum of 5 GCSE’s grade A-C (including Maths and English) or equivalent qualification.
  • Must have a minimum of 2 A levels grades A-D or equivalent qualification
  • Membership of the Society of Trusts and Estate Practitioners (S.T.E.P) and relevant qualifications.

Qualifications Desired:
Educated to degree level or equivalent.

Background and experience necessary:

  • Practical in-depth experience in all Trustee matters, proven track record as a Trust Manager;
  • Investment knowledge in line with FCA/STEP requirements;
  • Ability to convey clear interpretations and explanations of technical matters to beneficiaries, trustees and other colleagues;
  • Job holder must have extensive knowledge of legislation and tax regulation affecting Trusts and Estates, ideally Private Banking experience.
  • Attend appropriate conferences plus relevant reading to achieve minimum 25 hours annual CPD and develop relevant knowledge and skills.
  • Planning and Organisational ability
  • IT literate-Word, outlook, excel and PowerPoint.

Principal duties and responsibilities:
The administration of Settlements in accordance with the terms of the trust deed and the law. Liaise with the HMRC solicitors and other Agents as required Completion of tax returns and when appropriate distribution of trust assets to the beneficiaries, dealing with Capital Gains Tax and Inheritance Tax and tax certificates as required but excluding investment reviews

The administration of Charitable Trusts including the payment of grants, the preparation and audit of annual accounts and submission of annual returns to the Charity Commissioners.

The administration of deceased's Estates as executors or administrators of wills, codicils or on intestacy. Dealing with the collection of and distribution of the assets, all taxation aspects. Ensuring that all debts, taxation and legacies are properly discharged and residue is distributed. Preparing accounts, tax certificates and revenue returns.

Overseeing half-yearly and ad hoc investment reviews of the portfolios as provided by investment advisers and dealing as required.

Assist with staff training as appropriate with specific responsibility for staff who reports directly; conduct individual staff appraisals as agreed including setting goals, targets and identification of training needs.

Ensuring an efficient and error free service to both external and internal customers, keep errors , complaints file , reporting as and when appropriate;

Ensure all risks are managed appropriately and escalated when required.

Staff reporting to this position: none

Contact/relationship with others (external and internal):

  • External customers and professional including Accountants, Lawyers and other Private Bankers;
  • HMRC – regulatory Body
  • FCA- For complaints and Investments matters
  • Internal –All departments and Partners and family members.

This job description is not intended to be exhaustive in every respect and employees are expected to undertake any and all other reasonable and related tasks allocated to them.
C. Hoare & Co. is an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.

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