The Trust Officer is responsible for the administration of assigned accounts. Our selected candidate will represent the company in business activities and contacts with customers, outside professionals and beneficiaries relating to these accounts. Also, the Trust Officer assures us of compliance with all policies and procedures governing trust functions and all applicable state regulations.
Key Skills for This Role
Microsoft Word
Full Job Posting
Location(s)
Las Vegas, NV
Hybrid Office arrangement.
Role Type: Full-time
Summary
The Trust Officer is responsible for the administration of assigned accounts. Our selected candidate will represent the company in business activities and contacts with customers, outside professionals and beneficiaries relating to these accounts. Also, the Trust Officer assures us of compliance with all policies and procedures governing trust functions and all applicable state regulations.
Responsibilities
Administer accounts in accordance with the governing instrument's terms and in a manner consistent with the needs of principals, beneficiaries, and remaindermen.
Contact or correspond with persons, agencies, and organizations that have an interest in any aspect of an account.
Maintain an awareness of new business opportunities and advise or consult with other officers on details of proposed plans and communicate information to marketing administrator for follow up.
Analyze the need of funds according to needs of beneficiary.
Coordinate and review the preparation for filing federal and state tax returns for trusts.
Establish and maintain client data.
Consult with trust’s attorney from administrative perspective on drafting legal documents specifying details, conditions, and duration of trust.
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
Review and approve discretionary payments for trusts and the beneficiaries request for disbursements.
Initiate and/or assist in the marshalling and funding of new accounts.
Interact frequently with subordinates, peers, and functional managers.
Comply with all company policies and procedures, state laws and regulations.
Comply with Bank Secrecy Act (“BSA”), OFAC Anti-Money Laundering (“AML”), and USA PATRIOT ACT policies and procedures, by properly verifying the identity of any person/business opening an account, maintain records of the information used to verify before opening an account.
Ensure that proper risk-rate customer as outlined in the Customer Identification Program.
Work to perform personnel functions including performance appraisals and disciplinary actions. Supervise the activities of employees including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training.
Report any customer suspected of suspicious activity immediately to the BSA/Compliance Officer.
Participate in required annual BSA/AML/OFAC and Compliance training.
Consistently report to work on time; adhere to scheduled breaks; attend all meetings and training as required of the position.
Understand business implications of decisions; display orientation to profitability; align work with strategic goals.
Responsible for timely preparation and approval of annual and initial trust reviews.
Responsible for preparation and submission of discretionary requests to TAC.
Stay current regarding regulatory rulings and enroll in CE courses if needed.
All other duties as assigned.
Education Requirements
Bachelor’s Degree Preferred, H.S. Diploma or GED certificate + Significant Practical Experience in the financial services industry specifically in Trust Administration will be considered.
Basic Requirements
Strong knowledge of related state trust compliance regulations, policies and procedures, products and services and other trust operational policies.
Proficiencies skills in and personal computer operation; word processing, spreadsheet (e.g., Microsoft Word, Excel etc.) programs.
Typing skills to meet production needs of the position.
Intermediate math skills: ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals; Ability to compute ratios, percent and to draw and interpret bar graphs.
Good oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Effective organizational and time management skills.
Ability to work with minimal or no supervision while performing duties.
Current driver’s license and a vehicle with appropriate insurance coverage if required to drive while performing assigned duties and responsibilities.
Demonstrates sensitivity to deadlines and ability to multi-task.
Capability to work independently and with a team.
Ability to delegate tasks when necessary.
Aptitude to deal with routine to difficult problems involving multiple facets and variables in non-standardized situations.
Preferred Requirements
Licenses Preferred: Certified Trust and Fiduciary Advisor (CTFA)
Osaic is an equal opportunity employer. We celebrate diversity in our workplace and we hire the most qualified candidates without regard for age, ethnicity, gender, gender identity or expression, language differences, nationality or national origin, family or marital status, physical, mental, and developmental abilities (or the perception of a disability), genetic information, race, religion or belief, sexual orientation, skin color, social or economic class, education, work and behavioral styles, political affiliation, military service, caste, or any other characteristic protected by law.
Applicants for employment in the US must have valid work authorization that does not now and/or will not in the future require sponsorship of a visa for employment authorization in the US by Osaic.
Osaic does not consider applications from candidates who do not meet the minimum qualifications stated in the job posting.
Osaic only accepts candidates from contracted recruiting firms and only for searches approved prior to submissions. Fees will not be paid for unsolicited submissions.
Private U.S. wealth-management firm supporting financial professionals and institutions with brokerage, advisory, technology, and back-office services.
