Trustee & Compliance Officer
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Job Location:
Monthly Salary:
Posted on:
3 hours ago
Vacancies:
1 Vacancy
Job Summary
About the job Trustee & Compliance Officer
JOB KEY FUNCTIONS
The Trust Officer (Compliance) has primary responsibility to:
- Oversee and ensure the proper administration of Financial Covenants and obligations of Issuers (the Clients)
- Ensure that supporting documentation for all Clients are aligned with our internal AML and KYC Policy and Procedures
- Liaison with Clients and process requests for consideration by the investors and to organize and host all meetings as required by the terms of the Trust Deed
- Keep the record of meetings and resolutions made by the investors
- To keep abreast of all requirements of the Client under the Trust Deed and miscellaneous documents and maintain a record of performance and action
- Promptly report to the Manager likely or actual breaches by the Client of its obligations under the Trustee
- Promptly report to the investors financial covenant documents and miscellaneous reports required to be delivered to them within the prescribed period set out in the legal documents
- Maintain a register of all pledges and compliance requirements through our internal software system
- Maintain the Register of beneficial owners for all clients
- Issue Notices Demand Letters Compliance Requests and within established timeframes.
- Ensure compliance with Trust and Corporate Services Act and its Regulations in the performance of Trustee Services and correspondence with Clients and the investors
Responsibilities and Duties:
- To maintain the Operating Standards annexed hereto
- Liaison with the Trustee Paying Officer to confirm any extension in maturity dates or pre-payments or actions determined to be taken by the investors
- Preparing letters to the Client upon failure to fund account within the prescribed timeline and advising the investors
- Monitoring the performance and compliance of the Client against the executed legal documents signed
- Preparation of risk assessment to determine the risk profile of the Clients and monitoring the risk profile
- Corresponding with the investors promptly within the prescribed operational timelines
- Create and maintain a physical and electronic file folder of correspondence in line with the institutions policy and procedures
- Any other duties that may be assigned by the Supervisor or higher level Manager
Education/Experience
- First degree in Accounting Business and Management Studies Law or its equivalent
- A minimum of three (3) years experience in Trustee Operations or Compliance and Regulatory Operations
- Certification in AML/CPF/TF highly recommended
- Professional training and certification in Compliance Ethics or Corporate Governance
- Professional training and/or certification in Securities Management and Securitization
Specialised Techniques/Learned Disciplines
- Strong Planning & Organization Skills
- Well developed communication skills (both orally and written)
- Strong analytical and conceptual skills
- Ability to deal effectively with people at all levels
- Must be able to work well with others
- Time Management Skills
- Excellent Computer Skills (Spreadsheet & Word Processing)
Specific Knowledge
- In-depth knowledge of financial covenant calculations and interpretation
- Working knowledge of the regulatory framework of the Trustee Services Industry
- Working knowledge of Trustee Act and Trust and Corporate Service Act and regulations
- Functional knowledge of the duties of a Trustee Officer
- Sound knowledge of the operations of Capital Markets
- In-depth Proceeds of Crime Anti-Money Laundering and Terrorism Prevention Acts and Regulations
- Working knowledge of the proper interpretation of legal documents and instruments
- Working knowledge of registration of security documents at different entities i.e. National Security Interest in Personal Property Companies Office National Land Agency and others
Key Skills
- Compliance Management
- Risk Management
- Financial Services
- PCI
- Banking
- Cost Accounting Standards
- Quality Systems
- Research Experience
- NIST Standards
- Securities Law
- SOX
- ISO 27000
