Trust Practitioner

3 months ago


Cape Town, South Africa Nedbank Full time

**Job Classification**
- Job Requisition - 136244
Closing Date - 25 October 2024
Location - Cape Town
Cluster - Nedbank Wealth - Wealth Management SA Business Unit
Please Note: Preference will be given to applicants from Underrepresented Groups
- Job Family- Sales and Services
- Career Stream- Fiduciary
- Leadership Pipeline- Manage Self: Technical
- FAIS Affected**Job Purpose**
- To deliver Trust services through individual professional contribution, influence, effort & self-management in line with the Nedbank and Nedgroup Trust business strategy.
To administer a portfolio of trusts, of varying nature and complexity for the purpose of generating fees and contributing to the Client Value Proposition of Money Experts that do good” as part of a full range of fiduciary services, to make Nedbank the great place to bank for our clients.

**Responsibilities**:

- Meet Income Financial Targets consistently, i.e., also be responsible for the financial viability analysis of each client, and that valid, accurate and complete fees are taken each month
- Ensure Costs are contained, and efficiencies implemented to reduce cost to business
- Meet all agreed client service and satisfaction objectives, measured through Client Surveys undertaken from time-to-time
- Monitor own monthly work output to ensure any deadlines set by external parties or internal deadlines or commitments are met. Including regulatory deadlines per client are met
- Ensure the client objectives and requirements are executed with care, skill and diligence as a Fiduciary representative of the trust and the Business
- Manage client accounts to ensure all liabilities are paid timeously, insurances are paid, assets are managed in line with the objective of the trust instrument
- Complaints: ensure all complaints are logged onto channel and responded within the defined SLA
- Ensure key client information on systems meets internal control requirements
- Planning clients with foresight to ensure unplanned for events can be dealt with mínimal disruption to client service delivery
- Build trusting and sound working relationships built with team members, managers, peers and cross-functional departments to deliver results to the common client
- Proactively build relations and networks to understand the bigger picture and deliver breakthrough results and experience for clients. Comply with risk standards defined, ensure self-monitoring and appropriate corrective action taken when risk matters are raised
- Understand and live the Nedbank Vision, Values and Goals and ascribe to the People Promise and the NEDBANK WAY
- Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced, and certifications obtained and/or maintained within specified time frames
- Performance against targets set for regulatory compliance, risk management/risk appetite, internal audit, Market conduct and culture program and other business process obligations
- Practice regular training to ensure knowledge about Laws, regulations and compliance is kept up to date and relevant
- Ensure that there is sufficient representation and attendance at Stakeholder & Industry discussions e.g. FISA membership, BASA discussions, etc.

**People Specification**
- Essential Qualifications - NQF Level- Matric / Grade 12 / National Senior Certificate
- Preferred Qualification- Fiduciary post-graduate diploma
Bachelor’s degree in law, Accounting or Tax- Essential Certifications- Preferred Certifications- Fiduciary Institue of South Africa or Financial Planning Institue.- Minimum Experience LevelAt least 5-8 years’ experience in the fiduciary business especially Trusts

**Technical / Professional Knowledge**
- Administrative procedures and systems
- Business writing skills
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Banking knowledge
- Banking procedures
- Cluster Specific Operational Knowledge
- Business principles
- Business terms and definitions
- Governance, Risk and Controls
- Behavioural Competencies- Customer Focus
- Applied Learning
- Work Standards
- Earning Trust
- Decision Making
- Quality Orientation
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_



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