Director, Trust Administration

Trust Officer

We are seeking an experienced trust officer with 5+ years of trust administration experience to work in one of our downtown or suburban Chicago offices as a client-facing individual contributor on a high performing team. The Director of Trust Administration is responsible for overseeing the administration of fiduciary accounts. This role requires a deep understanding of trust administration, fiduciary regulations, and risk management, ensuring that all accounts are managed in strict adherence to applicable laws, regulations, and internal policies. While the primary focus is on technical trust administration, the Director will also support relationship management and business development opportunities to enhance client satisfaction and expand the bank's fiduciary services. Key responsibilities include:

Trust Administration & Compliance:

• Oversee the day-to-day administration of a portfolio of personal trusts, estates, and other fiduciary accounts.
• Ensure all trust accounts comply with the OCC's fiduciary standards, as well as state and federal trust laws.
• Serve as a subject matter expert in fiduciary administration, providing guidance on complex trust structures, regulatory issues, and best practices.
• Work closely with internal risk, legal, and compliance teams to mitigate fiduciary risk and address regulatory requirements.
• Oversee annual and periodic trust reviews to ensure proper administration and risk oversight.

Client Relationship Management:

• Serve as a trusted advisor to high-net-worth individuals and families, addressing their fiduciary needs with expertise and discretion.
• Proactively manage and strengthen existing client relationships, ensuring high levels of service and responsiveness.
• Coordinate with investment, tax, and estate planning professionals to provide holistic financial solutions tailored to clients' needs.

Business Development & Growth:

• Collaborate with internal wealth management, private banking, and estate planning teams to identify opportunities for expanding trust and fiduciary services.
• Assist in the onboarding of new trust accounts and ensure a seamless client experience.
• Represent the bank in industry conferences, client events, and professional networking opportunities to enhance visibility and attract new business.

Qualifications and experience include:

• Bachelor's degree in finance, law, business administration, or a related field; advanced degrees (JD, MBA) or industry certifications (CTFA, CFP, CPA) preferred.
• Minimum of 5 years of experience in trust administration within a regulated financial institution, preferably an OCC-regulated bank.
• Extensive knowledge of fiduciary laws, OCC regulations, and industry best practices.
• Strong analytical, problem-solving, and risk assessment skills.
• Excellent interpersonal and communication skills, with the ability to interact effectively with clients, attorneys, accountants, and internal stakeholders.
• Sense of humor, great communication skills, empathy, and "happy warrior" attitude.

Salary: $102,000.00 - $190,000.00

Pay Type: Salaried

The above represents BMO Financial Group's pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position. BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law. BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.