VP/Trust Officer
Either Quincy or Peoria, IL locations
The VP/Trust Officer is responsible for providing superior trust administration and counsel to clients and their beneficiaries; collaborates effectively and provides insights and solutions to attract, retain, and grow clients to transition personal and family wealth. The VP/Trust Officer manages trust & agency accounts in conformity with law, regulation, and policy. The VP/Trust Officer directly supervises the trust department.
DUTIES & RESPONSIBILITIES
- Manages the trust department to ensures tasks are completed timely, efficiently, and in conformity with law, regulation, and policy
- Develops and maintains new and existing client relationships both internally and externally
- Serves as primary point of contact for trust clients & their advisors; oversees and manages client trust & agency accounts; and builds and maintains relationships with the client’s financial team by participating in relationship reviews, and delivering fiduciary solutions and advising on fiduciary concerns/li>
- Maintains compliance with all internal policies and procedures, as well as with regulatory & legal requirements/li>
- Ensures safety & soundness of client estate planning and trust documents/li>
- Oversees the management of the administration functions for clients, such as payments, tax filings, disbursements, IRAs, ILIT’s, and other related administrative account functions/li>
- Assist other department members in the management/maintenance of estates, and facilitates sales of property if necessary/li>
- Oversees trust & estate terminations/li>
- Manages, serves as a member, & facilitates trust committee meetings/li>
- Stays abreast of trust and estate regulations, guidelines and practices/li>
- Promotes the Bank within the community by actively participating in events and volunteering in the community/li>
- Performs other duties as assigned
EDUCATION &/OR WORK EXPERIENCE REQUIREMENTS
A bachelor’s degree in finance, accounting, or business; supervisory experience; AND a minimum of five years’ experience working in a trust department or trust services field is required.
MENTAL & PHYSICAL REQUIREMENTS
Ability to sit/stand/kneel/bend/for extended periods of time and lift up to 20 lbs occasionally, developed interpersonal abilities, ability to work under high pressure while remaining composed, strong communication skills – both oral and written.
COMPETENCIES
Familiarity with intermediate concepts, practices and procedures within the Trust field; strong trust advisory focus, proficiency in Microsoft Office products is required; and familiarity with advanced principles of taxes and banking is helpful. Customer service, presentation skills, attention to detail, time management, ability to prioritize and organize, and problem solving/analysis are critical.
Any resumes that come in can be forwarded to
HR@StateStreetBank.com.