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Financial ServicesISCO 2412

Personal trust officer

A personal trust officer is a person who monitors and administers personal trusts. The officer interprets the trust and testamentary documents correctly, works with financial advisers to establish the investment objective that will meet the aims of the trust, coordinates the purchase and the sale of securities on behalf of those responsible for managing the account, and carries out regular reviews of the clients' financial statements.

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Rate 5 of the 12 essential skills of this occupation (European ESCO data). No account needed.

review investment portfolios

obtain financial information

maintain trusts

examine trusts

monitor title procedures

About personal trust officer

The document is the authority for everything. A trust is created by a deed or a will, and what the officer may and may not do with the assets is written there. The officer analyses the trust funds and works from property law.

Investment follows the instrument. The officer coordinates the dealing in securities, works from a knowledge of securities and of actuarial science, gathers the financial information, and establishes the clients' needs, which in a trust means the needs of beneficiaries who may have conflicting interests and different time horizons.

Two obligations run alongside. The officer monitors the title procedures, and works from tax regulations, which also apply to trusts. The role is administrative in form and fiduciary in substance: the officer holds other people's property to someone else's instructions.

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (12)

securitiessecuritiesThe financial instruments traded in financial markets representing both the right of property over the owner and at the same time, the obligation of payment over the issuer. The aim of securities whic...property lawproperty lawThe law and legislation that regulates all the different ways to handle property, such as the types of property, how to handle property disputes and property contract rules.investment analysisinvestment analysisThe methods and tools for analysis of an investment compared to its potential return. Identification and calculation of profitability ratio and financial indicators in relation to associated risks to ...actuarial scienceactuarial scienceThe rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.tax legislationtax legislationTax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.review investment portfoliosreview investment portfoliosMeet with clients to review or update an investment portfolio and provide financial advice on investments.obtain financial informationobtain financial informationGather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.communicate with beneficiariescommunicate with beneficiariesCommunicate with individuals or organisations who are entitled to receive benefits in the form of funds or other rights in order to obtain information on the procedures, to ensure that beneficiaries r...maintain trustsmaintain trustsHandle the money meant for investing into a trust and ensure it is placed into the trust, as well as ensure that the due outgoing payments are made to the beneficiaries compliant with the terms of the...examine trustsexamine trustsExamine documents relating to relationships between settlors and trustees in which the trustee holds property for the beneficiaries of the trust, in order to ensure the property is properly controlled...monitor title proceduresmonitor title proceduresMonitor the bundle of rights of a property and investigate all the parties involved in the current procedure, such as the transfer of a deed in the transfer of ownership of a property or the provision...identify clients' needsidentify clients' needsIdentify the areas in which the client may require aid and investigate the possibilities for meeting those needs.
Optional (18) — show
financial productsfinancial productsThe different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.accounting techniquesaccounting techniquesThe techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.collect property financial informationcollect property financial informationCollect information concerning the previous transactions involving the property, such as the prices at which the property had been previously sold and the costs that went into renovations and repairs,...maintain relationship with customersmaintain relationship with customersBuild a lasting and meaningful relationship with customers in order to ensure satisfaction and fidelity by providing accurate and friendly advice and support, by delivering quality products and servic...prepare tax returns formsprepare tax returns formsTotalise all the deductible tax collected during the quarter or fiscal year in order to fill tax return forms and claim it back to the governmental authorities for declaring taxation liability. Keep t...protect client interestsprotect client interestsProtect the interests and needs of a client by taking necessary actions, and researching all possibilities, to ensure that the client obtains their favoured outcome.research taxation proceduresresearch taxation proceduresResearch the procedures which regulate taxation activities such as the procedures involved in the calculation of tax for organisations or individuals, the taxation handling and inspection process, and...develop investment portfoliodevelop investment portfolioCreate an investment portfolio for a customer that includes an insurance policy or multiple policies to cover specific risks, such as financial risks, assistance, reinsurance, industrial risks or natu...prepare financial statementsprepare financial statementsCollect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting of five p...provide support in financial calculationprovide support in financial calculationProvide colleagues, clients or other parties with financial support for complex files or calculations.register deedsregister deedsRegister authenticated legal documents concerning the passing, affirmation, or confirmation of interests, rights, or properties with the appropriate authority or government in order to officiate the p...advise on financial mattersadvise on financial mattersConsult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.conduct financial auditsconduct financial auditsEvaluate and monitor the financial health, the operations and financial movements expressed in the financial statements of the company. Revise the financial records to ensure stewardship and governabi...promote financial productspromote financial productsInform existing or potential customers about the various financial goods and services that are offered by the company.apply technical communication skillsapply technical communication skillsExplain technical details to non-technical customers, stakeholders, or any other interested parties in a clear and concise manner.analyse financial riskanalyse financial riskIdentify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.handle financial disputeshandle financial disputesHandle disputes between individuals or organisations, either public or corporate, which deal with financial matters, accounts, and taxation.handle financial transactionshandle financial transactionsAdminister currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.

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Frequently asked questions

What does a personal trust officer do?

Personal trust officers monitor and administer personal trusts. They interpret trust and testamentary documentation accordingly, interact with financial advisors to define the investment goal for the achievement of trust objectives, coordinate the purchase and sale of securities with account executives and review clients' accounts regularly.

What skills does a personal trust officer need?

A personal trust officer needs 12 essential skills, including securities, property law, investment analysis, actuarial science, tax legislation.

Will AI replace personal trust officer jobs?

The AI disruption score for personal trust officer is 74/100 (high risk). Skills most exposed to automation: prepare financial statements, accounting techniques, prepare tax returns forms. Most resilient: protect client interests, maintain relationship with customers, identify clients' needs.

AI Replacement Risk

74/ 100
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Quick Facts

SectorFinancial Services
ISCO GroupBusiness and administration professionals
Essential Skills12

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