Advice Specialist: Fiduciary at Nedbank

Job Description

• 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

• Provide specialist (fiduciary) advisory support to advisers and other business units within WM SA business units in support of acquisitions, servicing and retention of clients and risk mitigation.
• Design, build and embed estate planning and international wealth structuring capabilities as part of holistic financial planning and wealth advice across client segments to enable retention, cross-sell, up-sell and/or increase margins and mitigation of risks. 
• Up skill advisors into client segment estate planning and structuring solutions by undertaking regular training sessions.
• Take ownership of thought leadership initiatives such as preparing and presenting at client webinars, prepare client communications on Legislative changes etc to improve quality of advice.
• Provide input to advice planning processes and supporting material to enhance service delivery.
• Provide specialist (fiduciary) advisory expertise to primarily UHNW clients (+R100 m absolute balances), HNW (+R10 - R100m absolute balances), HI and Private clients.
• Prepare detailed estate planning reports, including inter alia, reviewing and advising on the South African and international estate planning tools and best practice.
• Make appropriate recommendations with respect to South African and international estate 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 conducting consultations and taking instructions for drafting of wills (dealing with SA and international assets), and where applicable, facilitating the drafting of wills in foreign jurisdictions to deal with international assets.

Job Responsibilities Continue

• Draft South African trust deeds i.e. inter vivos and charitable trusts and other philanthropic structures in South Africa, in accordance with relevant legislation, regulations and best practice.
• Review existing South African and international trust structures and provision of recommendations to ensure the viability thereof in accordance with relevant legislation, case law, regulations, and best practice.
• Draft relevant legal contracts, e.g. loan agreements.
• Facilitate the establishment (or transfer) of new international trusts, investment/property holding companies, and any other relevant international structures.
• Explain the estate and tax planning considerations of the different legal ownership options (local and international wealth structures/legal ownership options).
• Providing updates with respect to legislative and regulatory developments and case law impacting fiduciary/advice matters by participating in Advice specialist forums.
• Contribute towards ensuring the document library (templates) are kept updated e.g. estate planning reports, trust deed templates and loan agreements.
• Creating house views on specialist advice/fiduciary matters.
• Ensure national compliance and risk management processes and procedures are in place and adhered to.

People Specification

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Law Degree, Postgraduate Diploma in Financial Planning, Tax qualification - Higher Diploma

Essential Certifications
Preferred Certifications

• Registered tax practitioner and FAIS

Minimum Experience Level

• 7 - 10 years

Technical / Professional Knowledge

• Relevant Software and system Knowledge
• Occupational assessment report writing
• Relevant regulatory knowledge
• Principles of project management
• Knowledge of commercial property market & property finance
• Data analysis
• Research methodology
• Principles of Financial Management

Behavioural Competencies

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