Wealth Management & Private Banking Officer

Description

County National Bank (CNB) is an independent, locally-owned, community bank that is successful and growing whose mission is to "sustain its deep commitment to the community and its traditions of excellence in all aspects of banking, and provide outstanding client service and solid financial performance."

We invite you to share in our mission and vision as a community banker, making a difference in your community while experiencing excellent benefits and career opportunities.

CNB is looking for a qualified, motivated, and client- and team-focused individual to join our team as a Wealth Management & Private Banking Officer for our location in Portage, Michigan.

JOB SUMMARY

This position combines the skills of a Wealth Advisor and a Private Banker. The individual in this position will have extensive interaction with high-net-worth bank clients and prospects requiring tact and persuasiveness in presenting the bank's position. This position is responsible for developing new business, growing the departments assets under management, and the development of personal and business account relationships with professionals and their businesses. Additionally, the position is responsible for administering accounts of simple to complex in scope, where the Bank acts in the capacity of Trustee under will or inter vivos trust agreements, personal representative, guardians of the assets of minors, or legally incapacitated or decedent estates under appointment of the court, agent under a custody, safekeeping or investment management arrangements. The individual in this position will have regular interaction with bank clients and prospects in social settings requiring sophistication to represent the bank positively within the communities we serve. This individual will actively refer clients to all CNB Partners.

DUTIES

Wealth Advisor

• Develops new business relationships - meets with clients; develops investment plans, assists them in estate planning; sells trust services; answers questions relating to tax, investment, and account management; and listens to what clients are expressing as needs / concerns.
• Administers trust accounts (where the bank acts as trustee or as agent) in accordance with the governing document and within the policies of the bank and state laws. To ensure that each account is accomplishing the goals and priorities set by the creator; meets with the account beneficiaries to communicate account goals, and answer any questions they may have; reassures each account beneficiary that he / she is important and his / her needs are being met. Meet with account legal and / or tax representatives.
• Carries out all duties of a guardian of real and / or personal property of minors of legally declared incompetents in accordance with the directions of the court and concerned governmental agencies and within departmental procedure and policies. Supervises annual court accountings in accordance with court required procedures. Assist in preparation of tax forms, when required.
• Handles correspondence and maintains liaison between the bank and principals of corporate trusts and other agreements.
• Administers real estate properties separate and apart from trust accounts which may be under direct account responsibility, maintains adequate insurance and payment of taxes on same and assures liaison between property (asset of trust) and the tenant and any other related responsibilities, including possible sale and / or rentals.
• Remains up-to-date on legal and legislative changes which may have an impact on trust or probate administration.

Private Banking

General

Requirements

SKILLS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORKING CONDITIONS

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the work environment will include :

PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to :