Trust Officer

Profile

Trust Officer
About Us
Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, **MEMBERS ONLY**SIGN UP NOW***. may be the perfect fit for you!
**MEMBERS ONLY**SIGN UP NOW***. is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been recognized by The
Washington Post
and the Baltimore Sun
as a Top Workplace, by Forbes
magazine as the #1 Bank in Maryland, as well as by American Banker
as a Best Bank to Work For. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.
To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making **MEMBERS ONLY**SIGN UP NOW***. a remarkable place to work and build a career.
About The Job
**MEMBERS ONLY**SIGN UP NOW***. is currently recruiting for a Trust Officer in the Trust Department.
If you are the chosen candidate, you will administer a book of estate and trust accounts, which includes the more technically demanding and those with a greater risk profile for which the bank has fiduciary responsibility.
Participate in policy issues presented to the Administrative Review Committee.
Provide assistance through financial planning to clients and client prospects Assist with efforts to develop new business and help clients by referring them to other areas of the Bank for services and products.
Areas of focus:
Account Administration - 25%
Effectively and efficiently manage and administer assigned Investment Management and Fiduciary accounts. Provide clients with information and assistance regarding investment management, taxes, remittances, bill payment, distributions, transfers and other matters as needed. In a timely and accurate manner process all receipt and disbursement transactions, obtaining proper authorization. Understand and administer fiduciary accounts in accordance with the terms of their governing documents. Coordinate with co-trustee(s) if necessary, and ensure proper documentation and authorization. Process requests for discretionary distributions up to assigned authority
level, ensuring thorough documentation exists. Submit discretionary distributions in excess of assigned authority level to ARC. Develop investment objectives for fiduciary accounts. Coordinate with portfolio manager as needed on accounts requiring investment transactions and actions. Collaborate and respond in an effective manner to outside professionals with regard to account administration. Work closely with SST staff and outside accountants to ensure proper tax reporting.
Relationship Management/Client Focus - 25%
Serve as relationship manager and fiduciary advisor for clients. As the primary administrative and/or fiduciary contact, cultivate customer relationships and resolve customer issues. Answer questions and resolve problems for clients, beneficiaries, and interested parties in an efficient, timely manner. Provide assistance with investment management, statements, taxes and remittances. Strive to obtain a complete picture of the client's financial situation so as to stand in trusted financial advisor'' position. Adhere to Client Experience principles. Seek to coordinate services, build relationships with clients and their children, and function as the clients' trusted advisor.

Risk Management - 15%
Administer a book of trust business in a manner which adheres to governing instruments, bank policy procedures and guidelines, regulation, and law, while reducing the bank's risk exposure in the administration of its fiduciary responsibilities. Recognize and proactively address risk and demonstrate sound decision-making skills. Complete annual administrative account reviews and meet all compliance requirements.

Skill Enhancement - 10%
Stay current on changes in trust, estate, and tax law. Maintain knowledge of current trends and changes in the industrywith regard to fiduciary matters(e.g. estate planning, probate, estate, gift and income tax planning, guardianships, special needs trusts, state-specific laws).

Business Development - 10%
Generate sources of new revenue by developing new trust and investment business and by securing additions to existing accounts. Maintain client retention numbers. Recommend and cross-sell appropriate bank products and services, beyond trust products and services.

Teamwork and Colleague Support-10%
Work collaboratively with assigned Trust Associate, other Trust Associates, Administrators, Portfolio Managers, Operations Staff, Management, and other colleagues. Emphasize teamwork, cooperation, and assistance to others. Treat others with civility and respect. Assume additional responsibilities in support of the division and colleagues. Volunteer and work with other team members on procedures, policies, and other projects. Adhere to Client Experience principles with all colleagues.

Process Efficiencies -5%
Embrace change and improvement. Actively participate in observing, identifying, and developing improvements in policies, procedures, processes, techniques, forms, etc. Seek methods of increasing performance efficiency and accuracy of job functions and departmental tasks.
Required Skills:
A
BA
in
pre-law,
paralegal
studies,
finance,
business,
or
related
field
is
required.
JD
and/or
other
advanced
degree
and/or
CFP
designation
strongly
preferred.
Job
requires
a
minimum
of
5
years
of
related
work
experience
to
include
a
strong
knowledge
of
the
trust
or financial planning field
and
an
emphasis
in
estate
and
trust
administration,
with
relevant
principles
and
issues.
In
addition,
3-5
years'
experience
in
a
financial
services
company,
preferably
with
a
financial
advisor/financial
planner
is
required
(this
can
be
concurrent
with
trust
related
experience).
Excellent
computer
skills
including
Microsoft
Office,
and
financial
planning
software.
Work
requires
regular
internal
and
external
contacts
to
carry
out
organizational
policies
and
programs.
Well-developed
interpersonal
skills
are
needed
to
develop
positive
rapport
with
colleagues
and
clients
Ability
to
express
ideas
effectively
in
writing
and
orally.
Ability
to
draft
business
correspondence,
prepare
reports
and
summarize
conclusions
and
interpret
policies.
Good
problem
solving
skills
are
required.
Problems
are
technically
or
administratively
varied
and
require
the
collection,
interpretation
and
analysis
of
data
from
diverse
sources.
**MEMBERS ONLY**SIGN UP NOW***. is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We maintain a drug-free workplace environment and perform pre-employment substance abuse testing.
**MEMBERS ONLY**SIGN UP NOW***. requires COVID-19 vaccination(s) as a condition of employment for all employees.
Submission of Covid-19 Vaccination Card is required if hired.
Accommodations may be available for those who are unable to be vaccinated for medical or religious reasons.
If you require a reasonable accommodation to apply for a position, please **** and select option 5. Requests are considered on a case-by-case basis.
**MEMBERS ONLY**SIGN UP NOW***. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, disability, gender identity, veteran status, or any other characteristic protected by law. We maintain a drug-free workplace.

Company info

Sign Up Now - FinancialServicesCrossing.com