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Bank of Marin · 1 month ago

Senior Trust Officer

Novato, CA

Full-time

Onsite

Mid, Senior Level

$113K/yr - $158K/yr

7+ years exp

Bank of Marin is a recognized workplace in the North Bay Business Journal, seeking a Senior Trust Officer for their Wealth Management and Trust team. The role involves managing trust relationships, generating new business opportunities, and overseeing trust account administration while complying with relevant laws and regulations.

BankingConsultingWealth Management

Responsibilities

Manage trust relationships including the opening, administering and closing of trust accounts

Independently prepare for and conduct new business meetings with prospective clients

Review and interpret the terms of governing documents and carry out such terms in accordance with state, local and federal laws

Prepare distribution plans and evaluate discretionary distribution requests against the trust document, applicable laws, and internal policies and procedures

Create and maintain professional rapport and working relationship with trust beneficiaries, clients, and COIs as needed to sustain account relationships

Complete all regulatory reporting required of trust accounts including administrative and Reg 9 reviews

Collaborate with COIs and other professionals, including estate planning attorneys, CPAs, and investment managers, to develop new business opportunities and in furtherance of current clients’ estate, tax, or succession planning goals

Proficient in asset allocations, investment vehicles, and modern portfolio theory

Possess a basic understanding of individual & fiduciary tax laws

Understand fiduciary accounting principles including the UPAIA

Engage with COIs in the community to increase knowledge of the Bank which may include such activities as joining relevant professional organizations and volunteering at local non-profits

Identify and report to management potential risks to the department and assist in risk mitigation

May directly supervise other trust officers and client services officers

Qualification

Trust administrationTaxation lawsInvestment managementFiduciary accountingClient relationship managementRisk mitigationProfessional networkingDrafting correspondenceSoftware proficiencyCommunication skillsTeam leadershipProblem-solvingTime managementSelf-starterCollaboration

Required

Bachelor's degree from accredited college or university

7-10 years of experience or the equivalent combination of education and experience, in the area of trust administration with a demonstrated track record of skills and abilities

Proficiency dealing independently with clients while providing service or resolving service problems

Thorough understanding of trust, taxation and probate laws

Understanding concepts of modern portfolio theory, asset allocation, risk tolerance, time horizon and other concepts relative to establishing Investment Policies for clients' situations

Able to prioritize work

Able to credibly interact with other professionals (eg., attorney's and CPA's)

Experience with trust accounting and accounting programs/software

Ability to draft original correspondence

Advanced skill level in Word and Excel

Intermediate PowerPoint skills

Self-starter requiring minimal supervision