Assistant Manager, Private Wealth

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.

To manage a portfolio of private wealth relationships and day to day service delivery expectations and to provide assistance to the Trust Manager in the efficient management of a section. Typically, this will entail providing technical and managerial support to more junior staff.

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 clients’ exposure to risk and provide a quality service to clients.

• Have a detailed understanding of the principles and practices of offshore structures.
• Demonstrated ability to manage and maintain client relationships in accordance with KPIs and Praxis standards.
• Demonstrated ability to take responsibility for all work, and all work delegated to administration team, including the prioritisation of workload and ability to meet deadlines at all times.
• Liaise with other departments regarding accounting and taxation issues and with Operations Departmental Manager regarding operational issues.
• Have a broad understanding of tax issues and jurisdictions as they relate to client circumstances.
• Anticipate technical problems when dealing with client issues, and, where necessary, seek expert advice.
• Assist the junior members of the team with complex aspects of client relationship management, making decisions as appropriate including referring matters to the Trust Manager or other Senior Management.
• Develop a professional relationship with intermediaries and service providers in the conduct of client business.
• Assisting with the review of company and trust accounts and any other financial reports.

• Attend meetings with existing and prospective clients and intermediaries.
• Develop the existing client base by understanding client needs through effective listening and questioning. Seek out new business opportunities by developing good working relations with professional intermediaries.
• Have a general awareness of financial and economic developments globally.
• Identify areas of cross selling across the Group.

• Understand the legal and regulatory legislations in Jersey 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 legislation and the Praxis 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.

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

• Assist the Trust…