Trust Officer

ADP, Inc.; Montecito (CA); On-site; USD 118,000 - 158,000; Full time

Benefits offered by this job

401K matching

Bank gatherings

Associate engagement activities

Job summary

Montecito Bank & Trust is seeking a full-time Trust Officer in Montecito, CA to join the Wealth Management team. You will apply deep knowledge of trust and estate matters, investment management, and financial planning to serve high-net-worth clients and their families.

Work is onsite with a focus on fiduciary duties, complex account administration, real estate assets, and cross-functional collaboration with relationship managers and legal/compliance partners.

Qualifications

• 5-8 years of experience in financial services and trust administration.
• CTFA or CFP designation preferred.
• Experience overseeing trust-related real estate assets preferred.

Responsibilities

• Manage revocable, irrevocable, testamentary, charitable remainder, and other trusts according to governing documents.
• Identify and address wealth management issues, underwrite new accounts, administer, terminate and distribute complex accounts.
• Oversee management of trust real estate including inspections, insurance, taxes, and property management.
• Support Senior Trust Officers and Fiduciary Trust Manager as needed.
• Ensure compliance with applicable laws and bank policies.

Skills

Financial services experience

Trust administration

Education

CTFA or CFP designation

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Trust Officer

Regular Full-Time Montecito, CA, US

2 days ago Requisition ID: 1807

Salary Range: $118,166.22 To $158,000.00 Annually

Join Montecito Bank & Trust as aTrust Officer!

As the largest locally owned community Bank on the Central Coast, Montecito Bank & Trust is committed to our founding principle: to make the communities we serve better places to live and work. We are always looking for talented professionals who are passionate about personalized service, community involvement, and innovation. By joining our team, we are dedicated to your career development and wellbeing, in and out of the workplace.

About the Role

Montecito Bank & Trust is seeking a full-time Trust Officer to join the team in our Wealth Management department. As a Trust Officer, you will deliver a World Class Experience by applying deep knowledge and skills in the area of trust and estate matters, investment management, wealth transition, and financial planning to serve high-net-worth and ultra-high-net-worth clients. May partner with a Relationship Manager or perform the role of Relationship manager in serving clients. Contributes to growth of the wealth management business by participating in and initiating new client acquisition through leveraging fiduciary skills and knowledge in the marketplace. Responsible for identifying and addressing wealth management issues with clients, underwriting/accepting new accounts, administering, terminating and distributing complex accounts. Proactively engages with clients in wealth planning related conversations; collaborates with partners to develop and propose solutions. May have a strategic business segment focus (i.e. charitable management, Estate Management Services, and Legacy Trust). Provides analysis of client’s total financial situation and offers creative thinking to arrive at workable solutions. Communicates directly with clients, business partners and Centers of Influence including external resources i.e. accountants, attorneys, who are related to the client relationship as part of day-to-day administration. Responsible for corporate regulatory and compliance standards. You will be located in Montecito, CA with a fully onsite work schedule.

What We’re Looking For

• 5-8 years of financial services industry experience required.
• 5-8 years of experience in trust administration preferred.
• Currently holds or is eligible for the CTFA or CFP designation preferred.
• Overseeing management of Trust Real Estate assets preferred.

Your Responsibilities

The essential functions of this role include, but are not limited to:

• Responsible for management of revocable trusts, irrevocable trusts, testamentary trusts, probates, charitable remainder trusts, life insurance trusts, guardianships, and death administration as directed in the governing document.
• Responsible for identifying and addressing wealth management issues with clients, underwriting/accepting new accounts, administering, terminating and distributing complex accounts.
• Responsible for overseeing the management of trust real estate in adherence to policies and procedures including but not limited to property inspections, appraisals, insurance, property taxes, property management through third party sources.
• Provides support for Senior Trust Officers and Fiduciary Trust Manager as needed.
• Identifies legal and regulatory risks to non-compliance, red flags to trust and estates administration, custodian and agency accounts and refers risk issues to appropriate legal or compliance experts.
• Prepare Reg 9 and Administrative Reviews for accounts in assigned portfolios; may serve on Trust Audit Committee.
• Adhere to all relevant policies, procedures, and regulations including, but not limited to, privacy and information security policies, Bank policies, federal and state laws, and bank regulatory guidance.
• Other duties as assigned.
• Workplace Culture that Values YOU
• Competitive Pay
• 401K Matching/Retirement Planning
• Bank Gatherings, Events, & Associate Engagement Activities

Individual pay is based on a multitude of factors, including candidate’s experience, knowledge, skills, and abilities needed to perform in the position and pay equity.

Montecito Bank & Trust is an equal opportunity employer. Montecito Bank & Trust is committed to providing equal employment opportunity in our application process to all protected groups, including protected veterans and individuals with disabilities.

Employment eligibility is contingent on completing the DHS Employment Eligibility Verification (I-9) form and presenting acceptable documentation upon hire verifying your identity and right to work in the United States. The Bank does not sponsor visas, green cards, CPT, OPT, or other work authorizations.