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Senior Trust Officer

Company: Bank of Marin
Location: Novato
Posted on: May 12, 2022

Job Description:

Bank of Marin, voted by our employees as one of the "Best Places to Work" in the North Bay Business Journal, is looking for a Senior Trust Officer to join our Wealth Management and Trust team out of either our corporate office in Novato or our office in Ranch Cordova. -
The Senior Trust Officer will be responsible for maintaining relationships with clients and beneficiaries where the Bank has been retained to serve as Trustee. The Senior Trust Officer will independently administer trust accounts as assigned and perform duties as directed by the governing document and current pertinent law. The Senior Trust Officer will generate and close acceptable new business opportunities, with responsibility for achievement of assigned business development goals. As the Senior Trust Officer this position would be expected to provide guidance to Client Services Officer(s) and the Trust Officer(s).
Essential Job Functions:Senior Trust Officer (STO) will be expected to perform the duties described herein with minimal supervision: -

  • 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 carryout 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.
  • 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 allocation, investment vehicles, and modern portfolio theory.
  • Possess a basic understanding of individual and fiduciary tax laws and 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. -
  • Assist with and understand various operational tasksProfessional / Educational Experience:
    • Bachelors degree from accredit college or university required. JD, CTFA, AEP or similar designation preferred.
    • At least 8 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.
    • Ability to clearly communicate with others both verbally and in writing. -
    • Advanced skill level in Word and Excel. Intermediate PowerPoint skills.
      The Bank of Marin is a growing public company with career advancement opportunities. We offer competitive compensation and comprehensive benefit programs including medical, dental, vision, 401K, profit sharing and employee stock ownership plans, tuition reimbursement, and an employee volunteer program.Bank of Marin is an equal opportunity employer. -EOE AA M/F/Vet/Disability

Keywords: Bank of Marin, Novato , Senior Trust Officer, Accounting, Auditing , Novato, California

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