Private Wealth Trust Officer Senior

The Private Wealth Trust Advisor Senior is responsible for the oversight and management of personal trusts, estates, agencies, and investment management accounts. This role emphasizes managing client relationships and administering client accounts to create, expand, and service trust department relationships while effectively managing the risks associated with the administration of those accounts.

The Senior Advisor exercises discretion and independent judgment in matters of significance to the bank, making strategic decisions that impact operations and ensure compliance with regulatory requirements. They follow established policies to ensure effective administration of trusts and estates while providing input on best practices and tailored financial solutions to meet individual client objectives. Collaboration with internal teams is essential for navigating complex regulatory landscapes, and the Senior Advisor conducts regular reviews of client accounts, offering recommendations that align with changing client goals and market conditions.

Principal Duties & Responsibilities:

Exercise comprehensive oversight of fiduciary accounts, bearing full accountability for their administration; make informed, strategic decisions independently to ensure compliance with all applicable regulatory standards and best practices, thereby safeguarding the integrity and performance of fiduciary services.

• Serve as a recognized subject matter expert, providing authoritative guidance and expertise to clients and stakeholders regarding fiduciary matters, thereby enhancing the quality of service provided.

• Engage directly with clients and key stakeholders to facilitate the effective administration of accounts, addressing inquiries and resolving issues as they arise.

• Oversee the annual administrative reviews of trust accounts, meticulously verifying the accuracy of documentation, transactions, and compliance with governing trust agreements.

• Conduct thorough analyses of anticipated income to ensure the maintenance of adequate cash reserves for beneficiary distributions and associated expenses.

• Prepare and review gain/loss reports, manage tax payment obligations, and collaborate with external tax vendors and accountants to address tax-related issues efficiently.

• Collect and analyze data for account reconciliations, playing a critical role in upholding the financial integrity of fiduciary accounts and ensuring strict compliance with distribution requirements for various trust structures.

• Collaborate with colleagues to develop and implement customized investment strategies that align with client objectives and regulatory guidelines.

• Serve as a point of escalation for the resolution of client issues, ensuring that service quality is maintained and that client expectations are met.

• Work in conjunction with external advisors to enhance the trust's market presence and expand client relationships, contributing to business growth.

• Ensure adherence to all relevant bank policies, operational procedures, and regulatory requirements, thereby mitigating risk and promoting operational integrity.

• Maintain ongoing training and continuing education to remain current with industry standards, regulatory changes, and best practices, thereby ensuring the highest level of professional competency.

• 8-10 years of experience in trust administration, wealth management, or a related financial services role required.
• Demonstrated experience in managing personal trusts, estates, and investment management accounts, with a strong understanding of fiduciary responsibilities and regulatory requirements.

• Extensive knowledge of personal trusts, estates, custodial accounts, agencies, guardianships, retirement accounts, and fiduciary and federal regulations.

• Deep understanding of fiduciary responsibilities, trust and estate laws, and the ethical considerations involved in wealth management.

• Strong analytical skills to assess complex financial information and make informed decisions that enhance client outcomes.

• Excellent interpersonal skills to build and maintain relationships with clients, stakeholders, and team members, fostering trust and collaboration.

• Outstanding verbal and written communication skills to convey complex financial concepts clearly and effectively.

• Familiarity with investment strategies and financial products to develop tailored solutions aligned with client objectives.

• Knowledge of relevant banking and financial regulations to ensure compliance and mitigate risk in account management.

• Strong problem-solving ability to identify issues quickly and implement effective resolutions to meet client needs.

• Excellent organizational skills to manage multiple accounts, maintain accurate documentation, and ensure timely compliance with deadlines.

• Proficiency in financial software, trust administration systems, and standard office applications to streamline operations.

• Commitment to ongoing training and education to stay updated on industry trends, regulatory changes, and best practices.

Licences & Certifications:

• Completion of Trust Certificate and/or CTFA preferred.

• Bachelor's Degree in finance, business administration, accounting, or a related field.
• Master's Degree or professional designation (e.g., Certified Trust and Fiduciary Advisor (CTFA), Certified Financial Planner (CFP), or Chartered Financial Analyst (CFA))

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
• Please view Equal Employment Opportunity Posters provided by OFCCP here.
• The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
• Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.