Description
Summary
The Senior Personal Trust Officer Administers complex trust accounts in accordance with the terms of the trust document and all applicable laws.
Essential Duties & Responsibilities
- Communicate and maintain relationships with FAs, attorneys, and CPAs regarding client needs.
- Serve as a team lead by working to field questions from other Trust Officers and Trust Associates; train new administrative employees and act as a resource for other Trust Officers; work with managers on department efficiency and development.
- Review trusts to ensure compliance with regulatory guidelines and fiduciary responsibility and ensure files are complete for annual audit by federal and state examiners under Regulation 9 laws and guidelines.
- Review the trust for the dispositive provisions and notify remaindermen; coordinate, monitor and execute post-death provisions with appropriate areas of trust company.
- Review estate assets and coordinate the disposition with the attorney, personal representative and remaindermen and secure decedent's real property and tangible personal property by visiting site, when applicable.
- Review Court Accountings and file with the appropriate Court or Court Referee.
- Approve, coordinate and supervise the establishment of the account with the trust company including, coordination and monitoring of transferred assets, correct statement recipients, collecting cost basis information, approving account on system, approving fee schedule set-up, etc. Review daily account activity.
- Review work of assigned Trust Associate for accuracy and discuss any issues with Trust Associate and keep manager apprised of performance.
Qualifications
- Understand and comply with all regulations, including 12CFR9, Community Reinvestment Act, Bank Secrecy Act, Fair Credit Reporting Act, etc.
- Ability to use logic and reasoning to identify complex problems; review related information and develop options and implement solutions.
- Ability to assess liability and react appropriately and promptly.
- Knowledge of principles and processes for providing customer and personal services.
- Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Ability to lead a group of professional level employees.
Education & Experience
- Bachelor's degree in business or equivalent experience required.
- 7+ years' experience in in Personal Trust Administration or Estate Planning required, 10+ years' experience required.
Licenses & Credentials
- CTFA or CFP preferred.
Systems & Technology
- Proficient in Microsoft Word, Excel, PowerPoint, Outlook
About Stifel
Stifel is a more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let's talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel's bank and trust companies are affirmative action and equal opportunity employers. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law. If you would like more information regarding Equal Employment Opportunity rights and protections, please review the following posters: Know Your Rights and Pay Transparency.
Stifel is an Equal Opportunity Employer.
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