Director - Trust

JOB # 107 LOCATION George Town, Grand Cayman, Cayman Islands
  • Anywhere

The Director of the team will help engage and motivate the team to be best in class in the industry, and there is great potential in the role to help set the company apart as industry leaders in the trust field; working in tandem with various internal teams, as well as external providers, to provide clients with the best service available. Duties:

  • Ensure that the Trusts are set up legally and are compliant with the Cayman Islands Monetary Authority;
  • Oversee and manage a team of Trust Administrators, supporting and collaborating with the team to ensure stability, growth, and success;
  • Identify any risks or gaps in processes and work with management and the team to enhance processes;
  • Support and help with any change management processes to be implemented on the team;
  • Manage with the team all risks related to Trust work that may result in any liability to the Company, and ensure the Trustee’s fiduciary responsibilities are followed;
  • Pay careful attention to any investments or disbursements that the Trust may make to ensure it is within the boundaries of the Deed;
  • Support annual audits and ensure audited financials are filed
  • Work with Head of Department on any additional projects or hiring within the Trust team;
  • Work with Head of Compliance to write and update policies and procedures documents governing all Cayman Trust work;
  • Collaborate with local intermediaries.

Requirements:

  • Qualified Accountant and/or Legal Degree and/or ICSA/STEP qualification;
  • At least 5 years’ experience within the trust administration field;
  • At least 3 years’ experience managing a team;
  • Cayman Unit Trust experience would be preferable;
  • Design and implement controls around appointment of other service providers to each trust and ongoing due diligence and oversight requirements on those providers;
  • Experience with trust and corporate structures and related statutory requirements and local legislation;
  • An understanding of anti-money laundering policies and guidelines.