Skills Personal Trust Officer near Edmonton (AB)

National Occupational Classification update

We have updated this page to reflect the transition to the 2021 version of the National Occupational Classification (NOC). This means that the occupation "personal trust officer" was moved from the group Other financial officers (NOC 1114) to the group Other financial officers (NOC 11109).

Find out what skills you typically need to work as a personal trust officer in Canada. These skills are applicable to all Other financial officers (NOC 11109).

Tasks

  • Identify clients' financial goals and objectives
  • Supervise staff
  • Analyze clients' financial records
  • Develop financial plans for clients
  • Make recommendations concerning cash management, insurance coverage, investment planning, retirement and estate planning
  • Arrange for sale of financial products and investments
  • Review and examine financial services and institutions to ensure compliance with governing legislation and regulation
  • Investigate possible unethical conduct or breeches of securities or commodity futures law
  • Underwrite new issues of stocks and bonds
  • Negotiate with corporations and government to determine the type and terms of new securities issue
  • Prepare offering prospectus for new issues of stocks and bonds
  • Negotiate mortgage loans and make application for mortgage to lenders or lending institutions on behalf of client
  • Administer estate, personal, charitable, corporate and other types of trusts, direct trust account investments, receive and record investment income and disburse trust funds

Skills and Knowledge Checklist

The following skills and knowledge are usually required in this occupation.

    Skills

  • Analysis Help -
    • Projecting Outcomes
    • Researching and Investigating
    • Planning
    • Analyzing Information

    Analysis

    Examining and evaluating information.
    • Projecting Outcomes

      Estimating the results of an action or a series of actions.

    • Researching and Investigating

      Conducting studies to increase knowledge and understanding and examining facts to find cause or support for ideas.

    • Planning

      Determining phases and steps, defining activities and tasks and establishing schedules to complete objectives on time and within budget.

    • Analyzing Information

      Examining data or facts to determine appropriate actions or recommendations.

  • Service and Care Help -
    • Serving Others

    Service and Care

    Taking care of the needs of people and animals.
    • Serving Others

      Assisting the public by answering questions, making recommendations, and providing information or support in response to requests.

    Operating and Repairing Equipment, Machinery and Vehicles

    Working with and/or repairing vehicles, machinery or stationary equipment.

    Management

    Taking charge of the direction and resources of an organization.
  • Communication Help -
    • Negotiating and Adjudicating
    • Liaising and Networking
    • Advising and Consulting

    Communication

    Using communication skills to share information, advise and influence.
    • Negotiating and Adjudicating

      Exchanging ideas while analyzing issues and interests at stake, and enabling opposing sides to resolve disputes and reach agreement.

    • Liaising and Networking

      Developing alliances, contacts or partnerships, and exchanging information with others.

    • Advising and Consulting

      Providing guidance and advice to enable decision-making about tasks, situations, and processes.

    Information Handling

    Creating and using systems for the storage and retrieval of knowledge and data.

    Handling Goods and Materials

    Working with goods and materials manually or with machines.

    Creative Expression

    Using various materials and formats to create work that is intended to be artistically satisfying, entertaining, instructive or functional.

    Building

    Working with materials to construct, renovate and maintain structures.

    Working with Technological Equipment and Machinery

    Working with technical equipment, instruments, machinery and other systems.

    Knowledge

    Social Sciences and Arts

    Knowledge related to culture, origins and patterns of human activity, and the development and expression of thought.

    Mathematics and Science

    Knowledge related to specialized areas of research such as measurement, living organisms, physical substances, and properties and relationships of quantity, space, and matter.

    Manufacturing and Production

    Knowledge related to the delivery of a series of operations in large-scale production or processing of goods or crops, according to safety and quality standards.
  • Law and Public Safety Help -
    • Law, Government, and Jurisprudence

    Law and Public Safety

    Knowledge related to the provision and enforcement of laws and regulations that safeguard the effective functioning of a democratic society.
    • Law, Government, and Jurisprudence

      Knowledge of the legal system, laws, legal codes, court procedures and precedents, and of government regulations, executive orders and the functioning of government.

  • Business, Finance and Management Help -
    • Business Administration
    • Finance
    • Economics
    • Accounting
    • Sales
    • Client Service

    Business, Finance and Management

    Knowledge related to organization and control of business activities.
    • Business Administration

      Knowledge of the principles and practices of managing businesses.

    • Finance

      Knowledge of principles and practices of financial management, monitoring and accountability frameworks, reporting procedures, banking, and markets.

    • Economics

      Knowledge of economic theories, principles and methods of analysis including simulation and forecasting techniques.

    • Accounting

      Knowledge of accounting principles and practices including the recording, analysis and reporting of financial information.

    • Sales

      Knowledge of principles and practices for displaying, promoting and selling products or services.

    • Client Service

      Knowledge of principles and practices of providing service to clients to maintain and build organizational success.

    Engineering and Technology

    Knowledge related to the design, building, use or repair of machinery, equipment, systems, and structures.

    Education and Training

    Knowledge related to the theory and practice of teaching, and the methods used in the design, delivery and evaluation of the provision of knowledge or information.

    Communications and Transportation

    Knowledge related to the provision and transmission of systems of communication and entertainment and the delivery of consumer goods or services.

    Health Services

    Knowledge related to the provision of medical science and technology for the physical and mental well-being of others.
Labour Market Information Survey
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