Job Description
Qualifications Required:
Hold a relevant Category B professional qualification (ACCA/ICSA/STEP Diploma)
Key Responsibilities:
- To act as Category B Employee status under the TCB Codes of Practice pursuant to the Financial Services (Jersey) Law 1998, as amended; and to act as a part of the formal span of control for the Baccata Group of companies.
- To act as a signatory for Baccata Trustees Limited and its group affiliates as regulated by the JFSC.
- Manage a portfolio of clients of the Baccata Group and ensure those clients are administered in accordance with the terms of the trust deeds and/or corporate documents as applicable and professional legal/tax advice given.
- Attending client meetings and preparing file notes of the same.
- Liaising directly with clients and advisers, investment managers and bankers.
- Establish, build and manage strong relationships and networks with intermediaries and clients.
- Assist in the generation of new business enquiries.
- Supervise more junior team members and provide timely feedback on their performance.
- Undertake client file reviews.
- Preparation of minutes.
- Monitoring of clients’ cash requirements.
- Respond to and follow up client queries and communications.
- Regular review and responsibility for collection and chasing outstanding aged debts in liaison with the finance department.
- Provide guidance and support to the administrators of the team.
- Ensure that all clients are administered in accordance with the PPM and AML Manuals.
- Ensure that all action points arising from reviews and risk escalations are managed proactively.
- Liaise and attend meetings with other company functions necessary to perform duties and aid business and organisational development.
- Meets or substantially meets all the key skills and experience requirements listed below.
- Comply with internal policies and procedures as well as current legislation in respect of the current TCB Codes of Practice.
- Abide by Baccata Group policies and procedures, AML training as amended from time to time.
- To sit on one or more committees or sub-committees that may be introduced by the board to facilitate the good governance of the Baccata Group of Companies, such as Investment, Policy and Procedures, Risk, Finance, Business Development, IT.
- Action any tasks required by the Baccata board or committee of the board within the timeframe agreed by the board or committee.
- Represent the Baccata Group externally as required.
- Provide technical support to other staff members as required.
- Attend CPD training in accordance with regulatory requirements and ensure that the same is adequate and relevant to the role and this job description.
- Liaising with relevant departments of the Baccata Group (such as I.T./HR/Compliance) appropriately.
- Any other reasonable task we ask you to perform from time to time.
Key skills and experience requirements
- A minimum of 6 years’ experience working in a Private Client role within the Jersey trust industry, with a minimum of 3 years at an Assistant Manager/Manager level.
- Must have entitled to work status in Jersey (i.e. minimum 5 years in Jersey).
- Fully qualified to meet Category B requirements as described in the JFSC Codes of Practice for TCB.
- Excellent organisational, communication and networking skills.
- A good understanding of Jersey trust, company, foundation and limited partnerships law and other related legal and regulatory requirements as well as a working knowledge of relevant UK tax issues, financial markets and the world economy.
- A good awareness of risk issues in the context of fiduciary responsibilities.
- Motivated and driven with an ability to work under pressure to tight deadlines.
- A willingness to travel as business needs dictate.