Trust Advisor Job Description
Trust advisor
provides advice in areas of personal trust, estate and tax planning, private banking and investments.
Trust Advisor Duties & Responsibilities
To write an effective trust advisor job description, begin by listing detailed duties, responsibilities and expectations. We have included trust advisor job description templates that you can modify and use.
Sample responsibilities for this position include:
Monitoring jurisdictional legal and tax changes that impact trustee reporting obligations
Directly contribute to the development of colleagues
Motivate and influence client team members appropriately
Builds and maintains knowledge of NT fiduciary standards and practices, applies fiduciary knowledge and judgment to fiduciary relationships
Cultivates relationships with referral sources and external professional advisors to build the business
Coordinating jurisdictional trustee reporting across structures and client base
Working in partnership with business support partners to analyse and identify the impact of regulatory change (and other related risks) on the business and developing strategies to implement appropriate business procedure change
Leading the business to design, draft and communicate procedures to ensure new regulatory requirements are incorporated into BAU processes and governance
Delivering training to the business on arising procedural changes
Leading / managing remediation projects arising from regulatory or procedural change
Trust Advisor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Trust Advisor
List any licenses or certifications required by the position: CTFA, CIPP, CPWA, MBA, JD, EU, US
Education for Trust Advisor
Typically a job would require a certain level of education.
Employers hiring for the trust advisor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Administration, MBA, Business, Legal, Finance, Interpretation, Communication, Management, Law, Accounting
Skills for Trust Advisor
Desired skills for trust advisor include:
Trust principles and regulatory and tax matters relating to the administration of trust accounts
Personal trust products and services
Fiduciary services
Private banking
Investment and other U.S. Bancorp products and services
Banking and trust systems
Estate planning
Fiduciary and tax laws
Seminars
Tax
Desired experience for trust advisor includes:
Has obtained or is working toward an advanced degree or license/certification
Familiarity working with Aboriginal communities
Ability to communicate with internal and external contacts and COI’s about trusts, investments, financial reporting, trusts, and taxation issues including economic conditions
Demonstrated appreciation for complex relationships and conflict resolution
Ability to communicate advanced or specific technical matters to clients in an appropriate fashion
University Degree in Law preferred
Trust Advisor Examples
1
Trust Advisor Job Description
Job Description Example
Our company is hiring for a trust advisor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for trust advisor
- Providing high level fiduciary support, advice, counsel, and coaching to Trust Officers and Managers concerning administration of accounts within Trust Administration Units
- Developing the confidence of the Support partners and Trust Officers so to become a Trusted Advisor
- Supports Estate & Trust Services staff (ETS), Canadian Wealth Management (CWM) partners, Estate and Trust Advisor (ETA’s) sales force and Canadian Banking (CB) partners with Will & Power of Attorney acquisition activity
- Self sources new Will and Power of Attorney appointments and other new business opportunities through established relationships with Centres of Influence
- Provides advice on will planning issues, ensures that new documents meet internal policy standards and ensures that policies related to wills are followed
- Develops strong working relationships with key internal partners ETS, CWM, ETA’s, CB and external Centres of Influence in order to enhance the profile of Estate & Trust Services
- On occasion, acts as a resource for ETS by providing advice on specific estate and trust legal issues
- Keeps current with legislative changes related to estate & trust issues within the applicable governing jurisdiction
- Provides timely and effective client service for existing clients relative to their Wills and Powers of Attorney documents
- Provides superior client service for existing clients and partners in order to ensure retention of appointments
Qualifications for trust advisor
- 7 years of fiduciary experience with a very strong foundation in trust/estate administration or related field
- Excellent written, verbal, and electronic communication skills with demonstrated presentation skills
- Ability to build and maintain internal and external business network
- Ability to travel on a regular basis in local area
- Reports to the Market Executive or City Executive
- Series 7, 63 and 65 (or Series 7 and 66) required (may gain licenses after start)
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Trust Advisor Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of trust advisor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trust advisor
- Works with the Account Review Committee to receive instructions for Asset Management and Trust system edits and updates
- You will identify client needs and provide solutions through the sale of E&T Services
- By ensuring client strategic objectives are met, you will review and document a client action plan for each unique situation
- You will also be responsible for executing nationally consistent activities to promote and raise awareness of E&T service products
- You will maintain an ongoing pipeline of new business opportunities
- Finally, using your ability to partner successfully with internal and external clients you will endeavor to meet and exceed key objectives
- Meets with clients regularly to discuss account performance and asset allocation based on their financial goals, investment expectations and risk tolerance
- Act as trusted advisor to, and advocate for, clients and prospects
- Implement strategies to developing the market
- Assume a leadership role in your area of expertise
Qualifications for trust advisor
- Sound knowledge of estates, trusts, protection plans and will planning
- Demonstrated listening and analytical skills
- Ability to work effectively with others and form professional business partnerships with colleagues
- Execllent business development skills
- University degree in law or administration and/or financial planning designation (IQPF) an asset
- Excellent written & verbal communication skills with demonstrated presentation skills
3
Trust Advisor Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of trust advisor. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trust advisor
- Solve problems and encourage the various parties to work together, become involved and implement concrete measures to achieve their goals
- Establish and maintain partnerships with all involved parties in the sector’s activities, specifically by motivating others to achieve common goals
- Stay on the cutting edge and be a leader in your field of expertise with a view to ensuring the evolution of processes, systems and work methods
- Act as an expert advisor to management and make recommendations that enabling the entire organization to achieve its strategic goals
- Performance of monthly/quarterly risk analysis reviews
- Assist CCO in addressing day-to-day department responsibilities including responding to Trust Administrator’s inquiries/requests for general guidance regarding business line policies & procedures, and regulatory issues
- Draft quarterly compliance report – summarizing testing results, best execution analysis, examination and audit summary, regulatory updates, summary of any customer complaints
- Draft quarterly compliance update for distribution to all CTC personnel
- Manage regulatory examinations, including document gathering and facilitating meetings between CTC staff and examiners
- Gather, analyze, and interpret proposed new/revised state or federal laws and regulations and disseminate appropriate information to CTC business lines
Qualifications for trust advisor
- Ability to work effectively with others and perceived as trusted advisor with clients and co-workers
- Jurist doctorate
- CTFA or CFP
- Organizational and management skills (e
- Ability to demonstrate and apply understanding of legal and regulatory parameters
- Ability to understand and follow standard processes for escalation of issues requiring legal counsel
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Trust Advisor Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of trust advisor. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for trust advisor
- Advanced knowledge of trust administration and fiduciary services generally, with proficient understanding of applicable laws, rules and regulations
- Review corrective actions in response to violations or deficiencies noted in Compliance Management System (CMS) reviews/tests, audit reports, FRB/State examinations
- Assist CCO in completion of other general department projects/duties
- Attend CTC committee meetings
- Manage Compliance department’s functional responsibilities, which include customer complaints, regulatory reporting, marketing reviews, new product/service reviews, risk committees, and other assigned responsibilities
- May supervise direct reports in day to day support activities
- Internal and external consultations and analyses to support identification of priorities for TC and investment grant operations to be financed with the SIP
- Coordinate activities regarding high profile dialogues in the four priority countries (Mexico, Peru, Brazil and Colombia)
- Communicate priorities defined for technical assistance to relevant teams across the IDB and BEIS
- Facilitating and supporting the development and execution of the IDB TC packages to be agreed by the IDB, the Inter-American Investment Corporation (IDB Invest) and BEIS during the annual strategy review meetings and other ad hoc meetings
Qualifications for trust advisor
- Ability to keep abreast of legal and regulatory changes
- Demonstrates a sound understanding of legal issues associated with the use, storage, and sharing of information and incorporates that understanding into all activities
- Can build constructive and effective relationships
- Can successfully implement change effectively
- Law Degree and called to the Bar in one Canadian province or territory
- Advanced knowledge of common law related to wills, estates and trusts
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Trust Advisor Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of trust advisor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for trust advisor
- Acting as a focal point for any internal or donor-generated ad-hoc requests for SIP to support additional IDB TC and Investment Grant operations, in coordination with the Office of Outreach and Partnerships (ORP) and the Inter‑American Investment Corporation (IDB Invest)
- Working closely with IDB Invest, in particular the Blended Finance Technical Advisor, to facilitate effective implementation of technical assistance activities of IDB Invest, particularly those associated with specific blended finance investments working with the Grants and Co-financing Management Unit, ORP and IDB Invest to fulfilling the reporting and evaluation requirements for the SIP
- Engaging with BEIS on a regular basis to update on progress in the design and implementation of technical assistance activities supported by the SIP, and discuss any emerging issues that may have a material impact on implementation of the SIP
- Preparing and participating in the bi-annual and annual meetings with BEIS, and implementing actions agreed with BEIS in relation to the technical assistance component of the SIP
- Contribute and/or writing internal monitoring and evaluation reports required under the SIP
- Oversee preparation of lessons learned related to SIP TC activities within and outside BEIS and IDB, including technical input for the design of project level communication products
- Participate in all relevant team meetings and activities
- Minimum 5-7 years of related experience for HNW and UHNW clients
- Enthusiastic, high-energy self-starter
- Highly responsive with an acute attention to detail
Qualifications for trust advisor
- Experience in will, estate, and trust law, financial planning, trust and estate administration, and relevant taxation, environmental, family and insurance issues
- Projects a positive & professional image to service partners and external business associates
- Committed to continuous learning and expanding knowledge on both people management and technical skills
- May be required to travel on occasion
- One of the Professional Designations such as TEP, MTI, MBA, CA, LL.B or D.D.N are considered an asset
- Demonstrates high degree of confidence in dealing with High Net Worth clients