What are the responsibilities and job description for the Trust Administrator position at JTC Group?
EMPLOYMENT TYPE: Permanent
DEPARTMENT: Private Client
DIVISION: Private Client Services
WORKPLACE STRUCTURE: Hybrid
Role Overview
PURPOSE OF JOB
JTC Trust Company (South Dakota) Ltd. is a public trust company located in downtown Sioux Falls, South Dakota focusing on providing trust and fiduciary services to private and corporate clients, particularly those in the Americas and Asia with a US element to their estate and wealth planning needs. JTC Trust Company (South Dakota) Ltd. is part of JTC Group, a publicly listed company providing trust and fund management services with 37 offices around the globe.
The Trust Administrator is responsible for managing and administering trust structures and ensuring compliance with legal and fiduciary obligations while maintaining strong relationships with our clients, their advisors, and our trusted partners.
Main Responsibilities And Duties
JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.
DEPARTMENT: Private Client
DIVISION: Private Client Services
WORKPLACE STRUCTURE: Hybrid
Role Overview
PURPOSE OF JOB
JTC Trust Company (South Dakota) Ltd. is a public trust company located in downtown Sioux Falls, South Dakota focusing on providing trust and fiduciary services to private and corporate clients, particularly those in the Americas and Asia with a US element to their estate and wealth planning needs. JTC Trust Company (South Dakota) Ltd. is part of JTC Group, a publicly listed company providing trust and fund management services with 37 offices around the globe.
The Trust Administrator is responsible for managing and administering trust structures and ensuring compliance with legal and fiduciary obligations while maintaining strong relationships with our clients, their advisors, and our trusted partners.
Main Responsibilities And Duties
- Administer and manage trust accounts and underlying entities, ensuring compliance with fiduciary and corporate laws, policies, and regulations.
- Serve as the primary point of contact for clients and their advisors providing exceptional service and addressing inquiries.
- Develop and implement trust strategies tailored to clients' financial and estate planning needs.
- Review trust documents, interpret terms, and ensure adherence to the grantor’s intent.
- Review corporate documents for underlying entities in the trust structure and ensure compliance with constitutional and local jurisdictional requirements.
- Coordinate with legal, tax, and investment professionals to ensure all necessary filing requirements are fulfilled.
- Monitor contributions, distributions, and account activities, ensuring compliance with trust provisions.
- Adhere to Risk & Associated Compliance procedures in relation to regulatory requirements and AML legislation.
- Adhere to CPD requirements in accordance with qualification level and in-house procedures.
- Adhere to the JTC core values and expected behaviours.
- Any other duties as deemed necessary by Management.
- Bachelor’s degree in Finance, Business, Law, or a related field strongly preferred
- STEP, CTFA, CFP, or CPA designation, or work towards certification, is a plus
- 1-3 years of experience in trust administration, estate planning, banking, or wealth management.
- Excellent client relationship management skills with a focus on confidentiality and trust.
- Strong analytical, problem-solving, and organizational skills.
- Effective communication and interpersonal skills.
- Ability to work collaboratively with other departments and external stakeholders.
- Ability to analyze legal documents and financial data and make informed decisions.
- Attention to Detail: Precision in handling financial transactions and preparing reports.
JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.