Senior Trust Officer - SJ297

Compensation will be commensurate with successful candidates experience
Expiry date:
Reference no:

Bermuda Commercial Bank Limited (‘BCB’) is recruiting a qualified, customer focused and results orientated individual to fulfil the role of Senior Trust Officer for its trust services subsidiary.

Reporting to the General Manager, the Senior Trust Officer will assume responsibility for the day to day management of a complex portfolio of local and/or foreign trust relationships and the administration of underlying companies.

Role and Responsibilities
•    Ability to deputise for the General Manager as needed;
•    Manage a complex portfolio of international and domestic trusts and their underlying companies with the ability to analyse and interpret trust deeds, company bye-laws and related documents ;
•    Maintain client corporate records according to the statutory and regulatory requirements set out by the Bermuda Companies Act 1981 and other relevant legislation;
•    Maintain awareness of operational risk and adhere to  controls reducing the risks associated with the trust operations;
•    Ensure on-going review of financial activity and position of the trust funds and liaise with accountants in the preparation of financial statements and regular investment reviews;
•    Ensure the portfolio is maintained in accordance with AML and ATF policies and have knowledge of the requirements under legislation;
•    Liaise with local and foreign banks, brokerage firms, lawyers, accountants, advisors and investment managers;
•    Conduct Fiduciary File reviews; and
•    Any other matters that may arise in the day to day management and administration of a trust portfolio.

•    5 years’ experience in a similar role, including management or supervisory experience;
•    STEP or equivalent designation;
•    Certification in Corporate Secretarial Practice I and II, or a relevant certificate from the Institute of Chartered Secretaries and Administrators would be advantageous;
•    Strong technical knowledge in  international and domestic trust law and the understanding of relevant legislation and guidelines relating to trusts, companies and proceeds of crime;
•    Excellent working knowledge of the legislation, regulatory framework and statutory regulations relating to the administration of companies;
•    Advanced understanding of the regulatory and tax environments relating to CRS and FATCA;
•    Knowledge of fiduciary obligations, business structure and corporate practices;
•    A sound understanding of Bookkeeping and Trust accounting.
•    Proficient use of Microsoft Office Suite and familiarity with ViewPoint database applications;
•    Must possess strong organizational skills.  Initiative and ability to work under pressure and multi-task with attention to detail

Compensation will be commensurate with successful candidates experience and will include base salary and a discretionary performance related bonus.  References will be requested and verified.  Background checks will be conducted on short listed applicants.   

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