Job Details

Wealth Management - Private Bank Trust Officer, Vice President

Company name

Organization Type

In-House

Job Type

Attorney

Years of Experience

Min 7 yrs required

Location

Newark, DE

Date Last Verified

Sep 21,2017

Posted on

Jul 11,2017
Practice Area
Tax >> Tax - General
Trusts and Estates >> Trusts and Estates
Finance >> Finance - Banking
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Wealth Management - Private Bank Trust Officer, Vice President The candidate will analyze trust documents for legal, tax, administrative and investment issues and coordinate delivery of services. Make recommendations regarding how the Bank shall exercise discretionary powers it has as trustee. Oversee investment decisions, including working with investors to ensure that the trust's investment objective is appropriate for the needs of the trust and applicable fiduciary law and that the trust is invested in accordance with its investment guidelines (Mandate). Comprehensive knowledge of trust law, gifting techniques, income, transfer, and generation skipping taxation, with ability to apply that knowledge to client specific planning exercises and account administration. Work with Tax Officers and trust counsel to resolve tax issues. Address questions raised by beneficiaries, co-trustees and their advisors. Develop relationships with beneficiaries and advisors in order to have appropriate knowledge to carry out the grantor’s purposes and meet the needs of the beneficiaries. Trust Officers have responsibility to maintain current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the firm’s fiduciary duties and to provide superior client service. Develop, retain and deepen trust account relationships. Partnering with Wealth Advisors with respect to the vetting and pricing of new trust business, including developing a full understanding of the purposes of the trust, the nature of firm role, the risks inherent in the structure and underlying assets, and the client’s expectations. Must have Bachelors Degree. Should preferably have MBA or other advanced degree. JD degree is strongly preferred. Must have 7 years of relevant experience focused in the Trust business; either at a corporate fiduciary or a law firm. In-depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships is needed. Solid Client Relationship Management experience is must.

Additional info

Ref: 170072716

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