Fiduciary Specialist at Nedbank

Job Purpose
To provide fiduciary advisory technical expertise, as part of comprehensive wealth advice and financial planning, across Nedbank Wealth Management (South Africa), in support of wealth managers, financial planners, international and portfolio management specialists, private bankers, structured lenders and other areas of our business

Job Responsibilities

• Provision of day-to-day fiduciary advisory technical support to wealth managers, financial planners, international and portfolio management specialists, private bankers, structured lenders, and other areas of our business eg Nedgroup Trust (Pty) Ltd and Nedgroup Trust Limited/(Channel Islands) in support of acquisitions, servicing and retention of clients and risk mitigation.
• Embed estate planning, as part of a comprehensive wealth advisory and financial planning process, in support of the advice-led business approach, by scaling the provision of these services across client segments and in so doing enable retention, cross-sell, upsell and/or increase margins and mitigation of risks
• Provide fiduciary advisory technical expertise directly to primay ultra-high-net-worth clients (+R100m absolute balances); high-net-worth +R10- R100m absolute balances) and professional clients. To do so you must be able to:
• Prepare detailed estate planning reports, including inter alia, reviewing and advising on the South African and International estate and tax planning consequences relevant to any exising South African and international estate planning "tools" and assets; analyse clients' unique needs and circumstances; make appropriate recommendations with respect ot South African and International estate and tax planning "tools" and techniques that can be used to meet clients'  unique needs.
• Provide South African and international wealth structuring advice, which includes inter alia:

1. Consultation in connection with, and taking instructions fo, the drafting of wills (dealing with South African and international assets, and where applicable, facilitating the drafting of wills in foreign jurisdictions to deal with international assets
2. Drafting South African trust deeds i.e inter vivos and charitable trusts and othere philanthropic structures in South Africa, in accordance with relevant legislation, regulations and best practice.
3. Review of existing South Africna and international trust structures and provision of recommendations to ensure the viability thereof in accordance with relevant legislation, case law, regulations and best practice.
4. Drafting relevant legal contract, e.g. loan agreements
5. Facilitating the establishment (or transfer) of new international trusts, investment/property holding companies, and any other relevant international structures.
6. Comprehensively explaining the estate and tax planning considerations of the different legal ownership options (local and international wealth structures).
7. Provision of exchange control advice

People Specification
Center of Excellence (CoE) work: Contribute to initiatives that improve quality of advice and embed estate planning across all client segments and improve client retention and cross-sell:

• Training: Upskill client facing people through regular training sessions to improve the quality of fiduciary related advice and to deliver th eidentified scalable client segment estate planning solutions.
• Communications and client webinars: Producing internal and external communications (legislative changes, thought leadership etc)
• Advice planning processes and supporting material: Design processes, house views, guidance docs etc

Actively participate in the Fiduciary Specialist Forum by:

1. Providing updates with respect to legislative and regulatory developments and case law impacting fiduciary-related matters
2. Contributing towards ensuring the document library (templates) is kept up to date, e.g. estate planning reports, trust deed templates and loan agreements
3. Creating house views on fiduciary-related matters

Ensure national compliance and risk management processes and procedures are in place and ensure adherence therewith.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Degree - preferably Law Degree
• Postgraduate Diploma in Financial Planning
• Higher Diploma in Tax

Essential Certifications / Preferred Certifications

• Admitted legal practitioner
• Registered tax practitioner (SAIT or FPI)
• CFP®
• FPSA®
• FAIS

Type of Exposure

• Working with a group to identify alternative solutions to work situations.
• Influencing stakeholders to obtain buy-in for concepts and ideas.
• Sharing information in different ways to increase others' understanding
• Communicating complex written information.
• Challenging the status quo with a view to improving the environment or people's understanding
• Identifying trends
• Communicating standards to others
• Conducting gap analysis
• Coordinating and securing buy-in from internal stakeholders.
• Providing professional advice/opinion

Minimum Experience Level

• Minimum:  Seven years working experience in the wealth management or private wealth environment advising on estate and tax planning, legal ownership options and wealth structuring, local and international trusts, and other fiduciary advisory services.
• Preferred:  Ten years working experience in the wealth management or private wealth environment advising on estate and tax planning, legal ownership options and wealth structuring, local and international trusts, and other fiduciary advisory services.

PLEASE NOTE THIS ROLE IS BASED IN KZN - APPLICANTS ARE THEREFORE REQUIRED TO RESIDE IN KZN 

Technical / Professional Knowledge

• Cluster Specific Operational Knowledge
• Relevant regulatory knowledge
• Principles of project management
• Business terms and definitions
• Relevant software and systems knowledge
• Communication Strategies
• Data analysis
• Research methodology
• Governance, Risk and Controls
• Principles of financial management

Behavioural Competencies

• Advancing Sales Discussions
• High-Impact Communication
• Technical/Professional Knowledge and Skills
• Coaching
• Influencing
• Decision Making