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Osaic · 1 day ago

Trust Officer

Henderson, NV

Full-time

Hybrid

Mid, Senior Level

Osaic is a company that provides trust services, and they are seeking a Trust Officer to manage assigned accounts and ensure compliance with regulations. The role involves interacting with clients and professionals, administering accounts, and overseeing compliance with policies and procedures.

Business DevelopmentFinancial ServicesWealth Management

No H1B

Responsibilities

Administer accounts in accordance with the governing instrument's terms and in a manner consistent with the needs of principals, beneficiaries, and remaindermen

Contact or correspond with persons, agencies, and organizations that have an interest in any aspect of an account

Maintain an awareness of new business opportunities and advise or consult with other officers on details of proposed plans and communicate information to marketing administrator for follow up

Analyze the need of funds according to needs of beneficiary

Coordinate and review the preparation for filing federal and state tax returns for trusts

Establish and maintain client data

Consult with trust’s attorney from administrative perspective on drafting legal documents specifying details, conditions, and duration of trust

Review and approve discretionary payments for trusts and the beneficiaries request for disbursements

Initiate and/or assist in the marshalling and funding of new accounts

Interact frequently with subordinates, peers, and functional managers

Comply with all company policies and procedures, state laws and regulations

Comply with Bank Secrecy Act (“BSA”), OFAC Anti-Money Laundering (“AML”), and USA PATRIOT ACT policies and procedures, by properly verifying the identity of any person/business opening an account, maintain records of the information used to verify before opening an account

Ensure that proper risk-rate customer as outlined in the Customer Identification Program

Work to perform personnel functions including performance appraisals and disciplinary actions. Supervise the activities of employees including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training

Report any customer suspected of suspicious activity immediately to the BSA/Compliance Officer

Participate in required annual BSA/AML/OFAC and Compliance training

Consistently report to work on time; adhere to scheduled breaks; attend all meetings and training as required of the position

Understand business implications of decisions; display orientation to profitability; align work with strategic goals

Responsible for timely preparation and approval of annual and initial trust reviews

Responsible for preparation and submission of discretionary requests to TAC

Stay current regarding regulatory rulings and enroll in CE courses if needed

All other duties as assigned

Qualification

Trust AdministrationState Trust ComplianceFinancial Services ExperienceMicrosoft ExcelMicrosoft WordCertified TrustFiduciary AdvisorDelegationSensitivity to DeadlinesMulti-taskingTyping SkillsMath SkillsCommunication SkillsOrganizational SkillsTime ManagementProblem SolvingTeamworkIndependent Work

Required

Bachelor's Degree Preferred, H.S. Diploma or GED certificate + Significant Practical Experience in the financial services industry specifically in Trust Administration will be considered

Strong knowledge of related state trust compliance regulations, policies and procedures, products and services and other trust operational policies

Proficiencies skills in and personal computer operation; word processing, spreadsheet (e.g., Microsoft Word, Excel etc.) programs

Typing skills to meet production needs of the position

Intermediate math skills: ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals; Ability to compute ratios, percent and to draw and interpret bar graphs

Good oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees

Ability to define problems, collect data, establish facts, and draw valid conclusions

Effective organizational and time management skills

Ability to work with minimal or no supervision while performing duties

Current driver's license and a vehicle with appropriate insurance coverage if required to drive while performing assigned duties and responsibilities

Demonstrates sensitivity to deadlines and ability to multi-task

Capability to work independently and with a team

Ability to delegate tasks when necessary

Aptitude to deal with routine to difficult problems involving multiple facets and variables in non-standardized situations