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Years of Experience
Date Last Verified
Asset Management - Private Bank Trust Officer, VP Duties: 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). 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. Partner with client’s other advisors (attorney, accountant); highly respected by external professional advisor community. 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 role, the risks inherent in the structure and underlying assets, and the client’s expectations. Cross-selling of products/services; maintain and develop strategies for increasing business with current clients; professional advisor cultivation.
Qualification and Experience
Qualifications: Bachelor's Degree required; MBA or other advanced degree is a plus; JD Degree strongly preferred. 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. Solid Client Relationship Management experience. 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. Knowledge of internal procedures involving discretionary distributions, account maintenance, account opening/closing, AAR and ARP process, and management of overdrafts - is a plus. Address questions raised by beneficiaries, co-trustees and their advisors. Ability to work in a team-based environment. Must 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.
Req #: 170058222
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