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Busey · 1 day ago

Chief Fiduciary Officer

St Louis, MO

Full-time

Onsite

Director/Executive

$210K/yr - $275K/yr

15+ years exp

Busey is a financial services company, and they are seeking a Chief Fiduciary Officer to provide strategic oversight for all fiduciary activities within Busey Wealth Management. The role involves ensuring compliance with regulations, managing fiduciary risks, and overseeing investment management and trust administration processes.

BankingFinanceFinancial ServicesWealth Management

Responsibilities

Acts as key first line of defense within Busey Wealth Management, ensuring compliance with trust policies and procedures, enterprise risk management programs, as well as all applicable state and national banking and trust rules and regulations

Identifies and evaluates fiduciary risks across all products/solutions/processes and strategic growth initiatives. The position interfaces directly with others in WM and Busey Bank to ensure that appropriate fiduciary risk controls are identified and tested. Works with Internal Audit, Regulatory Compliance, Enterprise Risk Management, and external regulators (e.g., OCC, FRB, FDIC, SEC, State of North Carolina Commissioner of Banks, among others)

Represents WM and serves as an active member of numerous WM and enterprise-wide risk and compliance committees and councils. Makes presentations, when requested, to the Board of Directors, Operational Risk Committee, and the Executive Compliance Committee

Provides fiduciary oversight to the investment management and middle office/fulfillment groups in the execution of their duties, including pre- and post- account and asset acceptance reviews, annual administrative and Reg 9 investment reviews, prudent exercise of discretion, interpretation of the governing documents, account terminations, and the administration of each trust in accordance with applicable laws, regulations, and the terms of the governing documents

Participates in the evaluation and approval of solutions to resolve escalated fiduciary issues and evaluation of capabilities required to meet clients’ fiduciary administrative and investment needs

Engages with internal and external legal counsel as needed related to litigation items

Provides ongoing oversight and takes action to recommend elimination or adjustments to solutions, products, or processes, as appropriate

Interacts regularly with regulators, developing positive relationships and ensuring business processes and objectives are developed consistent with the FDIC guidance covering trust administration and investment management

Develops internal and external contacts to ensure changes in the personal and institutional trust and investment management industries are monitored, emerging risks are addressed, and market opportunities are identified, evaluated, and capitalized upon

Supervise, direct, develop, and evaluate direct reports, including development of training programs to enhance fiduciary knowledge and compliance awareness

Qualification

JD degree10+ years trust administrationFederalState lawsTrust business knowledgeMicrosoft OfficeOral communicationWritten communicationTime managementProject managementProblem-solvingDecision making