What are the responsibilities and job description for the Trust Officer position at Trident Trust?
The Role
The Trust Officer will assist with the training and oversight of a small team of Trust Administrator(s) and/or Trust Administrative Assistant(s), as assigned to their team. Trust Officers are responsible for knowing and following all company policies and procedures and using that information for participation in department meetings. This role will have no direct reports.
Duties
- Review, complete, and present discretionary requests to Trust Administration Committee.
- Review, complete, and approve daily transactions and follow-up to ensure accurate processing and escalate any issues to compliance/management.
- Ensure outside tax preparation procedures are followed and completed.
- Participate in conversations with Internal Auditors, SD Division of Banking, and other regulators, and examiners along with the preparation and review of any deliverables.
- Administer a portfolio of key clients including some complex structures.
- Administer a variety of asset classes held within entities.
- Ensure all projects are completed in a timely fashion.
- Ensure account files are kept up to date.
- Review and complete annual administration reviews, risk reviews, investment reviews, and other reviews as deemed necessary.
- Review and complete account closing/termination package.
- Review and complete forms for additions/revocations of assets.
- Responsible for all aspects of Trust Administration and ongoing relationship management.
- Assist with new business development and prepare acquired new account paperwork.
Minimum Skills and Knowledge
- Associate degree in business, legal, finance, accounting, or another relevant field.
- 3-5 years working in Trust Administration/management or combination of education and experience.
- Proficient in Microsoft Office Suite, Adobe, cloud-based software, and willingness to learn new programs.
Preferred Qualifications
- Bachelor’s or master’s degree in business, legal, finance, accounting, or another relevant field. Juris Doctorate is ideal.
- Experience with state and federal compliance laws and practices as related to trust accounts i.e., BSA/AML.
- Strong, professional, verbal, and written communication skills.
- Excellent organizational and time management skills with an innate attention to detail.
- Flexible and comfortable dealing with variable workload, frequently dealing with several ongoing matters, at the same time.
- Read, analyze, and interpret general business periodicals, professional journals, and technical procedures.
- A sound understanding of various asset classes.
- Ability to be self-directed and delegate, as appropriate.
In addition to the general essential duties and responsibilities, this role includes other duties as assigned. This job description is not intended to be all-inclusive, and the employee will also perform other reasonably related business duties. This job description does not constitute a written or implied contract of employment.
EQUAL EMPLOYMENT OPPORTUNITY
Trident Trust provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.