Praxis is an independent, leading provider of bespoke private wealth, corporate administration and yacht services to companies, individuals and families across the world.

Our expertise and experience is driven by recruiting and retaining the brightest and best, and creating a culture that allows people to thrive. Our independence encourages an open culture where every voice is valued. We care about creating an environment that hears, supports and shares openly with all our people.

Teamwork and collaboration are at the heart of our approach, and we nurture an environment of openness and respect where everyone feels valued.

Be heard. Be part of the Praxis Group.

Our private wealth and corporate services teams work with our clients and their advisers, delivering an efficient, informed and personal service. We operate a fast-paced and rewarding environment with opportunities to service a variety of international clients across all asset classes.

Job summary:

To undertake the day-to-day administration of a portfolio of client company and trust structures.

From time to time to undertake specific additional tasks as advised. Work with the rest of the Fiduciary management team to improve profitability, limit both Praxis' and client’s exposure to risk and provide a quality service to clients.

Job accountabilities include:

Client Relationship Management:

• Day-to-day administration of a portfolio of client cases and assisting the senior members of the team with transactions.
• Have a broad understanding of the principles and practices of offshore trusts, companies, and related structures.
• Ensure mutual understanding of client and Praxis’ expectations and commitments at outset and throughout the relationship.
• Develop long term, profitable business relationships with clients maintaining regular contact and ensuring client confidentiality is respected.
• Liaison with investment advisors, asset managers and other third parties regarding client affairs, as necessary.
• Understand the principles of managing financial assets and how the performance of stock and currency markets impacts on client portfolios.
• Have an understanding of tax issues and jurisdictions as they relate to client circumstances.
• Anticipate technical problems when dealing with client issues, think laterally and creatively to find solutions and, where necessary, seek expert advice.
• Where appropriate, identify and communicate improvements that enhance service to clients and/or profitability to Praxis.
• Develop a rapport with professional intermediaries and service providers in relation to the conduct of client business.

Business Development:

• Meet with existing intermediaries.
• Develop the existing client base by understanding client needs through effective listening and questioning.
• Assist in developing new business opportunities by developing good working relations with professional intermediaries.
• Keep up to date with changes in the market that have the potential to impact on offshore structures.
• Keep abreast of product and service developments that may enhance and add value to existing and potential client relationships.
• Have a general awareness of financial and economic developments globally.

Risk Management:

• Understand and apply local legislation relating to drug trafficking, money laundering, terrorist financing and any other legislation that impacts on the conduct of fiduciary business within the jurisdiction.
• Report complaints, operational risks, suspicions etc in accordance with local procedures.
• Ensure that risk issues are reported to the Directors and Compliance as appropriate.
• Understand, apply and adhere to Praxis’ risk management policies and procedures and, where appropriate, be proactive in identifying and proposing improvements.
• Assess and manage risk situations to avert potential risk issues for both clients and Praxis and to ensure that the assets of both are protected.
• Ensure that client complaints are dealt with in a timely manner and at the right level.

Corporate Governance:

• Actively champion Praxis’ values by promoting a culture of professionalism, teamwork and leadership.
• Have an understanding of Praxis’ vision and the direction in which the Group is heading.
• Understand how the role of each individual contributes to Praxis’ vision.
• Understand and acknowledge the need for change.

Financial Management:

• Will be expected to achieve pre-determined utilisation targets (set as part of the annual budget process and notified to the individual via the appraisal/objective setting process).
• Balance the client’s needs with the Group’s commercial expectations both in developing strategies for clients and in the day-to-day management of their affairs.
• Work to achieve the Group’s financial benchmarks.
• Regularly review work in progress, deficits, aged debtors and bad debt write offs on client portfolio.

Required skills:

Key areas are as follows (note that the Trust Officer is expected to demonstrate these skills or, in the minority, show potential to acquire them):

• Good knowledge of offshore fiduciary services.
• A proven track record in handling offshore fiduciary issues.
• A proven track record in client relationships,
• Good interpersonal skills for dealing with intermediaries and clients.
• Excellent time management and organisation.
• Sound judgement.
• Good understanding of financial markets and finances in general.
• Excellent communication skills.
• Knowledge of compliance issues and the regulatory framework within which Praxis operates.
• The holder of this position should have a minimum of 2 years’ experience in fiduciary services and be in the process of studying towards a relevant industry qualification.

Additional Information:

In addition, all our team members are expected to be committed to our core values:

• We inspire

• We listen

• We trust

• We succeed together

To apply:

We encourage you to apply well in advance of the deadline and if you are successful, we will meet with you as soon as possible

Our Commitment to Diversity:

We want you to bring your full self to work and maximise your potential. Praxis Group is a place where everyone can thrive, whatever their gender, ethnicity, disability, sexual orientation, and socio-economic background.