Fiduciary Specialist

  • Aquarius Recruitment Specialists
  • Cape Town, Western Cape, South Africa
  • Mar 13, 2018
Permanent Banking Investment Legal

Job Description

To provide technical expertise in terms of fiduciary services within the company, in support of the Wealth Managers and directly, to HNW and UHNW clients as part of a holistic wealth management proposition.

Key Duties:

1. Prepare high-level estate and tax planning reports for HNW and UHNW individuals who are clients of the company. The individual must possess the required skills to be able to review existing estate planning tools of clients, analyse clients' unique needs and circumstances, and make appropriate recommendations with respect to estate and tax planning tools and techniques that can be used to meet clients' unique needs and cater for clients' unique circumstances.

2. Provide South African and international structuring advice, which includes the following:

• Consultation in connection and taking instructions for, the drafting of a will and possible creation of a testamentary trust.
• Drafting and establishing South African trust deeds, i.e. inter vivos trusts and charitable trusts and other philanthropic structures in South Africa in accordance with relevant legislation, regulations and best practice.
• Drafting relevant legal contracts, e.g. sales agreements and loan agreements.
• Facilitating the establishment of offshore trusts, investment/property holding companies, and international pension and savings-related arrangements.
• Provision of comprehensive explanations as to the tax consequences that flow from any of the above as well as any other product offered by the company.
• Provision of exchange control advice.
• Review of existing trusts.

3. Become a member of the Fiduciary Specialist Forum. Active participation will be required to achieve the purpose for which this forum has been established. The individual will have to do the following:

• Provide updates with respect to legislative and regulatory developments.
• Create house views on fiduciary-related matters.
• Contribute towards ensuring the document library is kept up to date, e.g. estate planning reports, trust deeds and loan agreements.
• Proactively develop fiduciary-related solutions for the company’s clients.
• Contribute articles on estate and tax planning, trusts, wills and international for Fiduciary Focus – a newsletter that is distributed to clients to create awareness of our fiduciary capabilities.

4. Arrange regular training sessions with wealth managers and other client-facing people.

5. Build strong collaborative relationships with other group divisions in the region.

6. Make sure national compliance and risk management processes and procedures are in place and ensure adherence therewith.

7. Ensure commercially viable delivery of the above functions.

Essential Qualifications:
• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees
• Preferred Qualification: LLB Degree or Post Graduate Degree or Diploma in Law/Taxation.

• Admitted legal practitioner
• Registered tax practitioner (SAIT)
• CFP®

• Conducting root cause analysis
• Working with a group to identify alternative solutions to work situations.
• Analysing situations or data that requires an evaluation of multiple factors
• Interacting with diverse people
• Building and maintaining effective relationships externally and internally
• Developing ways to minimise risks
• Analysing and interpreting qualitative and quantitative data
• Drafting reports
• Interacting with various levels of management
• Managing conflict situations
• Managing multiple projects
• Influencing stakeholders to obtain buy-in for concepts and ideas.
• Answering customer questions
• Sharing information in different ways to increase others' understanding
• Brainstorming ways of improving a product or situation
• Communicating complex written information.
• Communicating complex information orally.
• Challenging the status quo with a view to improving the environment or people's understanding
• Identifying trends
• Checking accuracy of reports and records.
• Communicating standards to others
• Conducting gap analysis
• Conducting a needs analysis
• Comparing two or more sets of information
• Coordinating and securing buy-in from internal stakeholders.
• Preparing and delivering presentations.
• Writing business proposals
• Providing professional advice/opinion
• Using different approaches in new work situations

Technical/ Profession Knowledge:
• Microsoft Office
• Cluster Specific Operational Knowledge
• Business writing skills
• Relevant regulatory knowledge
• Principles of project management
• Industry trends
• Business principles
• Business Acumen
• Business terms and definitions
• Relevant software and systems knowledge
• Communication Strategies
• Banking knowledge
• Data analysis
• Banking procedures
• Decision-making process
• Research methodology
• Governance, Risk and Controls
• Principles of financial management

Minimum five years' working experience in the private-wealth environment in estate planning, provision of structuring advice and fiduciary advisory.

Key Competencies:
• Advancing Sales Discussions
• High-Impact Communication
• Technical/Professional Knowledge and Skills
• Coaching
• Influencing
• Decision Making
Must be a EE Candidate

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