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MASCO Code
2619-03
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Trust Officer
Trust Officer manages and administers trust, estate, agency and related fiduciary accounts in accordance with applicable laws, regulations and governing trust instruments. The role involves reviewing and approving trust accounts, overseeing asset management and distribution, ensuring compliance with fiduciary obligations, and coordinating with beneficiaries, legal representatives and relevant parties. They act as custodians of clients’ estates and trust arrangements, safeguarding assets and ensuring accurate and ethical financial administration.
Tasks
Set up and administer trust and estate accounts in accordance with trust documents and procedures.
Interpret and carry out instructions stated in wills, trust deeds, and estate documents.
Ensure the proper allocation, investment monitoring, and disbursement of trust assets.
Liaise with beneficiaries, legal advisers, and investment professionals on trust and estate matters.
Conduct and review annual reviews of trust, estate, and insurance accounts.
Monitor account performance and ensure compliance with relevant laws and internal policies.
Prepare legal, financial, and regulatory reports related to trust and estate administration.
Advise clients on trust structures and fiduciary responsibilities.
Skills
Basic
Active listening and accurate written documentation for reporting.
Analytical thinking for investment and risk assessment.
Attention to detail for reviewing documents and ensuring compliance.
High integrity and ethical judgment in handling fiduciary responsibilities.
Strong communication and interpersonal skills to engage with clients and beneficiaries.
Specific
Ability to advise clients on estate and wealth planning processes.
Ability to analyse financial and legal information for fiduciary decision-making.
Ability to interpret and implement legal instruments, including wills, trust deeds, and estate documents.
Competency in regulatory compliance and risk management in fiduciary services.
Competency in trust account administration and operational procedures.
Competency in trust asset allocation and investment monitoring under trust mandates.
Knowledge in Malaysian trust law and fiduciary regulations.
Knowledge in taxation laws and estate planning strategies relevant to trust administration.
Proficiency in trust accounting systems and reporting tools.
Additional Info
QUALIFICATION
Bachelor’s degree or equivalent
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