The Senior Team Manager is responsible for developing and maintaining relationships with registered investment advisors, trust beneficiaries, and other interested parties for an assigned book of business consisting of large family relationships and key investment advisor relationships. In addition, the Senior Team Manager is responsible for the management of a Personal Trust Administrative Team. The Senior Team Manager assures compliance with all Bank policies and procedures, as well as all appl... more details
Senior Team Manager, Senior Trust Officer
Job LocationsUS-DE-Wilmington
Requisition ID
2024-100473
Posted Date
18 hours ago(5/30/2024 2:04 PM)
Category
Financial Planning/Advice
Salary Range
USD $150000.00 - $180000.00 / Year
Application deadline
6/13/2024
Position Type
Full time
Your Opportunity
The Senior Team Manager is responsible for developing and maintaining relationships with registered investment advisors, trust beneficiaries, and other interested parties for an assigned book of business consisting of large family relationships and key investment advisor relationships. In addition, the Senior Team Manager is responsible for the management of a Personal Trust Administrative Team. The Senior Team Manager assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations in the context of their responsibilities.
Essential Duties include:
Manage, mentor, and coach a team of Trust Officers and Senior Trust Officers to ensure trust accounts are administered in accordance with applicable laws and regulations and procedures.
Personally administer an assigned book of complex and/or high touch personal trust accounts.
Interpret legal documents to ensure that each trust either in their assigned book of accounts or in the book assigned to their team members is administered in accordance with the terms of each governing instruments.
Maintain high client service levels through prompt research and response to registered investment advisors and trust beneficiaries for their assigned trusts and for escalation from members of their team.
Prepare and present discretionary memorandums for review and approval of the Discretionary Distributions Committee as well as mentor team members in their preparation and presentation.
Prepare Distribution Memorandum and/or other directed distribution documentation for review by the appropriate authorizing parties as well as mentor team members in their preparation.
Ensure proper administration and accounting for special asset inventory in their assigned book of accounts as well as mentor team members in their administration and accounting efforts.
Coordinate efforts with Schwab business partners for purposes of client research and service as well as recommending needed system and procedural enhancements.
Respond to initial inquiries from Schwab advisors, third party contacts, and private individuals regarding both current and future trust prospects on their assigned book of accounts or upon escalation from their team members.
Perform Post Acceptance and Annual administrative account reviews for assigned accounts.
Participate in special projects as needed.
Provide training and support to the Administrative Team in coordination with the Director.
What you have
Required Qualifications:
10+ years experience in personal trust administration
Bachelors degree or equivalent work experience
Preferred Qualifications:
CTFA
5+ years of people leader experience
Experience with directed trusts
Strong knowledge of the principles of trust administration and practical experience in administering trusts governed by Delaware and Nevada law
Superior organizational skills and the ability to handle multiple priorities without sacrificing quality or accuracy
Excellent interpersonal and communication skills and the ability to deal effectively with a variety of people
Highly motivated and a self starter
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Why work for us?
Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future.
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