Chief Trust Officer

Marshall County, WV - USA

Monthly Salary: $ 180000 - 180000

Experience Required: 5years

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

T Bank N.A. has partnered with SmartHR in their search for a Chief Trust Officer. T Bank is a national bank and trust that is part of Tectonic Financial a Texas-based financial services group. T Bank prides themselves in fostering a collaborative environment where employees can contribute to delivering exceptional value driving client success and advancing their mission to redefine banking.

Overview of Position

The Chief Trust Officer is a senior level position responsible for developing implementing and administering all aspects of the Banks Trust Department. This position plans organizes and controls the Trust Departments day-to-day administrative operational and compliance activities; and collaborates with the Executive Vice President the CFO and the Bank President in the overall administration for the Bank.

This role will require an in-office presence within our Dallas Texas office. Upon the completion of training the role may offer remote flexibility up to two days per week.

Responsibilities:

Manage the delivery of services provided to Trust clients and their advisors
Assist the Bank President in administration and management of a group of Common Investment Funds in which clients of the Trust Department invest both qualified plan and personal trust funds
Administer and manage Trust accounts including both trustee- and participant-directed plan accounts and related services including oversight of high-growth participant directed recordkeeping team
Periodic review of investments as required and review and approval of new and closing accounts as well as distribution requests for compliance with applicable laws and regulations including ERISA
Ensure that policies and procedures are current and followed maintaining department policy manuals for Compliance Committee
Identify opportunities for process improvements and system enhancements across Trust Department aimed at improving the efficiency and accuracy of operations teams within Department
Prepare and analyze reports on Department activities performance metrics and compliance status
Interface with management compliance and financial planners of affiliated advisor as needed in serving Trust Department clients
Chair the Trust Review Committee including preparation and review of materials conducting meetings and drafting/reviewing committee minutes
Interface with federal regulators during in-office exams or via telephone/online meetings and respond to document requests in preparation for periodic regulatory examinations
Interface with CFO and review and manage department revenue and expenditures
Oversee processes to prepare data for the Common Trust Fund financial audits; work with auditing firm in finalizing procedures and final audit report
Plan prepare and manage with tax accounting firm for tax preparation for personal Trust clients including preparation of Forms 1099-INT -DIV -B -Misc and Form K-1 data
Serve as a Trustee for the company retirement plan and participate in Committee meetings quarterly

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

Education and Experience:

10 years of Trust experience including employee benefits and qualified plans personal investments and operations requirements
Bachelors degree in business administration Finance Banking or related field required masters degree preferred
Common Fund experience and good working knowledge
Successful history of team management; interfacing with high net worth clients directors and other civic leaders required
Software skills: Trust account systems Microsoft Office (advanced Word Excel and Power Point/Publisher skills) digital imaging and storage systems
Trust tax knowledge; Experience in working with FIS/TrustDesk and FIS/Relius Recordkeeping Solutions

Required Skills:

10 years of Trust experience including employee benefits and qualified plans personal investments and operations requirements Common Fund experience and good working knowledge Successful history of team management; interfacing with high net worth clients directors and other civic leaders required Software skills: Trust account systems Microsoft Office (advanced Word Excel and Power Point/Publisher skills) digital imaging and storage systems Trust tax knowledge; Experience in working with FIS/TrustDesk and FIS/Relius Recordkeeping Solutions

Required Education:

Bachelors degree in business administration Finance Banking or related field required masters degree preferred

Overview of Position

This role will require an in-office presence within our Dallas Texas office. Upon the completion of training the role may offer remote flexibility up to two days per week.

Responsibilities:

Manage the delivery of services provided to Trust clients and their advisors
Assist the Bank President in administration and management of a group of Common Investment Funds in which clients of the Trust Department invest both qualified plan and personal trust funds
Administer and manage Trust accounts including both trustee- and participant-directed plan accounts and related services including oversight of high-growth participant directed recordkeeping team
Periodic review of investments as required and review and approval of new and closing accounts as well as distribution requests for compliance with applicable laws and regulations including ERISA
Ensure that policies and procedures are current and followed maintaining department policy manuals for Compliance Committee
Identify opportunities for process improvements and system enhancements across Trust Department aimed at improving the efficiency and accuracy of operations teams within Department
Prepare and analyze reports on Department activities performance metrics and compliance status
Interface with management compliance and financial planners of affiliated advisor as needed in serving Trust Department clients
Chair the Trust Review Committee including preparation and review of materials conducting meetings and drafting/reviewing committee minutes
Interface with federal regulators during in-office exams or via telephone/online meetings and respond to document requests in preparation for periodic regulatory examinations
Interface with CFO and review and manage department revenue and expenditures
Oversee processes to prepare data for the Common Trust Fund financial audits; work with auditing firm in finalizing procedures and final audit report
Plan prepare and manage with tax accounting firm for tax preparation for personal Trust clients including preparation of Forms 1099-INT -DIV -B -Misc and Form K-1 data
Serve as a Trustee for the company retirement plan and participate in Committee meetings quarterly

Education and Experience:

10 years of Trust experience including employee benefits and qualified plans personal investments and operations requirements
Bachelors degree in business administration Finance Banking or related field required masters degree preferred
Common Fund experience and good working knowledge
Successful history of team management; interfacing with high net worth clients directors and other civic leaders required
Software skills: Trust account systems Microsoft Office (advanced Word Excel and Power Point/Publisher skills) digital imaging and storage systems
Trust tax knowledge; Experience in working with FIS/TrustDesk and FIS/Relius Recordkeeping Solutions