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Trust Officer

Trust Officer

First Option BankOverland Park, KS, US
16 days ago
Job type
  • Full-time
Job description

JOB SUMMARY :

The Trust Officer will be responsible for managing and administering trust accounts within the trust department First Option Bank. This role requires a deep understanding of fiduciary responsibilities, exceptional client relationship skills, and the ability to provide personalized service to a diverse client base including high-net-worth individuals, families, and institutions. The successful candidate will play a critical role in ensuring compliance, effective management of trust assets, and overall client satisfaction.

PRIMARY DUTIES :

1. Trust Administration :

  • Administer a portfolio of trust accounts, ensuring compliance with all legal and regulatory requirements.
  • Oversee the management of trust accounts, ensuring that all terms and conditions are upheld as per client agreements.
  • Coordinate with legal, tax, and accounting professionals to resolve complex trust issues as needed.

2. Client Relationship Management :

  • Serve as the primary contact for trust department clients, fostering strong, long-term relationships and delivering outstanding client service.
  • Conduct regular meetings with clients to review their accounts, discuss investment strategies, and adjust as necessary according to client goals and market conditions.
  • 3. Investment Oversight :

  • Collaborate with the portfolio management team to ensure that trust assets are invested in accordance with clients' objectives, risk tolerance, and applicable fiduciary standards.
  • Monitor investment performance and make recommendations for adjustments based on client needs and market environment.
  • 4. Compliance and Risk Management :

  • Ensure all trust activities comply with federal and state regulations, bank policies, and fiduciary standards.
  • Conduct regular audits of trust accounts and processes, addressing any compliance issues with timely corrective measures.
  • 5. Team Leadership and Support :

  • Participate in the training and development of team members on trust administration, compliance matters, and client relationship management.
  • 6. Business Development :

  • Identify opportunities for expanding trust services and acquiring new clients, participating in marketing initiatives and networking events.
  • Develop and deliver presentations on trust services to potential clients and related professionals (e.g., attorneys, accountants).
  • 7. Documentation and Reporting :

  • Prepare comprehensive documentation for trust accounts, including trust agreements, financial statements, and performance reports for clients and management.
  • Ensure timely and accurate reporting for trust clients, addressing any questions or concerns they may have regarding their accounts.
  • PHYSICAL DEMANDS :

    While performing the duties of this job, the employee is required to communicate effectively, verbally with others in person and on the telephone, sit, stand, walk, and use hands to finger and handle keyboard, telephone, paper, files, and other equipment and objects. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and / or move up to 40 pounds. This position requires the ability to review detailed documents and read computer screens. Limited travel will be required for attending training which is located off bank grounds.

    QUALIFICATIONS :

  • Required Bachelor's degree or equivalent work experience.
  • Master's degree or CFP / CFA / CTFA designation preferred.
  • Minimum of 5 years of experience in trust administration or wealth management, with a proven track record of managing fiduciary accounts.
  • In-depth knowledge of trust and estate planning, investment management, and relevant legal and regulatory requirements.
  • Strong analytical and problem-solving skills, with the ability to deliver solutions tailored to client needs.
  • Excellent interpersonal and communication skills, with a strong client service orientation.
  • Demonstrated leadership abilities, with experience mentoring and developing team members.
  • WORK DAYS / HOURS :

    Monday - Friday 8 am to 5 pm

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    Trust Officer • Overland Park, KS, US