Wealth Management Officer
Wealth Management Officer
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Job Description:
The Wealth Management Officer is responsible for administration of trust and investment accounts in accordance with the terms of the governing instrument and state and federal laws. The Officer will develop trust and investment prospects as well as focus on the retention of existing business for the bank and Wealth Management Services (WMS).
Qualifications: The Wealth Management Officer will have a bachelors degree and 3-5 years of prior trust administration and/or investment services experience. The Officer will have strong communications skills to enable effective communication and interaction with fellow staff and the general public. The Officer will possess an understanding of laws and regulations governing the administration of trust and estate accounts. The Officer will have a good understanding of investments asset allocation and financial planning techniques. It is preferred but not required that this person has attained one or more of the following designations CTFA MBA CFP or J.D. or will attain one of the above-referenced certifications within a reasonable period after the Officers start with WMS.
Principal Responsibilities:
Administer accounts in accordance with the terms of the governing document and departmental policies and procedures. Monitor daily activity with reference to investments tax and personal objectives.
Maintain contact with clients beneficiaries and organizations regarding account performance financial planning tax and estate planning and other issues to ensure that the clients personal financial goals are being met the beneficiarys needs are being addressed and other retention services are provided. Pursue new business development activities that may be identified by such contacts.
Resolve problems and inquiries from principals beneficiaries and others in a timely and accurate fashion. Handle requests for distributions or planning and approving necessary expenditures for care and maintenance according to the trust document.
Actively participate in the sales and development of wealth management services and new trust and investment prospects in Brookings eastern South Dakota and west-central Minnesota. Develop referral sources from current clients by Bank staff and through professionals in the area.
Assist in the completion of all internal and external audit requests. Provide direct assistance to the manager for all regulatory compliance reviews (FDIC/State) as requested.
Keep abreast of legislation and regulatory developments to maintain technical skills and substantive knowledge necessary to render effective account administration.
Act in accordance with FBT policies and procedures as set forth in the employee handbook.
Adhere to compliance procedures and participate in required compliance training.
Compensation Grade
Salary Grade 6First Bank & Trust is an Equal Opportunity Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity or expression national origin disability or status as a protected veteran. Read our completeEqual Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
