Trust Officer

Employment Type

: Full-Time


: Miscellaneous

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Your Opportunity

The Trust Officer is responsible for creating and maintaining relationships with registered investment advisors, trust beneficiaries, and other interested parties for an assigned book of business. The Trust Officer assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations in the context of their responsibilities.

What you’re good at

  • Ensure each trust account is administered in accordance with applicable laws, regulations, and the terms of its governing instrument.
  • Maintain high client service levels through prompt research and response to registered investment advisors and trust beneficiaries.
  • Present discretionary memorandums for review and approval of the Discretionary Distributions Committee.
  • Document directed distributions for the administrative file and for the Trust Administrative Committee.
  • Provide notice of termination for terminating trusts to the Trust Advisory Committee and process related termination efforts in accordance with Administrative procedure.
  • Manage volume of new accounts through completion of the post acceptance administrative review process.
  • Ensure proper receipt of and accounting for miscellaneous assets in established trust accounts.
  • Respond to initial inquiries from Schwab advisors, third party contacts, and private individuals regarding both current and future trust prospects.
  • Perform Post Acceptance and Annual administrative account reviews for assigned accounts.
  • Participate in special projects as needed.
  • Provide support to the Senior Trust Officer and Managing Director.
  • Provide training and support to junior staff.
  • What you have

  • 5+ years experience in personal trust administration
  • Bachelor’s degree or higher, CTFA preferred, or equivalent work experience
  • Solid understanding of the principles of trust administration and practical experience in administering trusts governed by Delaware law, a plus
  • Superior organizational skills and the ability to handle multiple priorities without sacrificing quality or accuracy
  • Excellent interpersonal and communications skills and the ability to deal effectively with a variety of people
  • Highly motivated and a self starter

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