Trust Compliance Officer

About American State Bank

For over 50 years, we have been committed to providing our customers with high-quality products and exceptional customer service. Our goal is to make sure our customers have adequate tools to successfully manage their financial health. We are family owned and family oriented. You have a life outside of work, so we encourage flexibility to make sure you have a healthy work-life balance. We employ a large group of individuals who are living examples of our professional, yet fun culture. We are invested our communities and take great pride in the different ways we can volunteer and show our support.

The Opportunity

The Trust Compliance Officer will be responsible for ensuring adherence to legal and regulatory requirements within the trust department. This includes overseeing audits, maintaining compliance records, and providing tax-related support.

COUNT ON TO:

• Analyze and comply with government and security laws and regulations.
• Make recommendations to management regarding changes in regulations.
• Act as a resource to all the Investment & Trust employees with compliance and operational questions.
• Assist with management studies or other duties assigned.
• Complete necessary compliance testing, due diligence & operational reports and report findings.
• Assist in developing, writing, and interpreting policies, procedures and practices as they relate to operations.
• Disseminates compliance related information to all affected employees in the Investment & Trust department.
• Coordinates with internal and external auditors
• Read, analyze, and interpret operations and compliance procedures and regulations.
• Write reports, business correspondence, and procedural manuals.
• Effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Define problems, collect data, establish facts and draw value conclusions.
• Apply knowledge of software applications, spread sheet software and word processing software
• Interpret an extensive variety of technical instructions and deal with several abstract and concrete variables

KNOWLEDGE AND SKILLS:

• Bachelor’s degree (B.A.) from a four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
• A solid understanding of financial markets, investment vehicles, and fiduciary services is crucial.
• Knowledge of trust laws, regulations, and tax implications is essential.
• Proficiency in audit processes, risk assessment, and internal controls. Ability to ensure compliance with legal and regulatory requirements.
• Familiarity with tax laws related to trusts, estates, and investments. Ability to provide tax support to the operations department and review tax documents for dissemination.
• Strong skills in financial accounting, bookkeeping, and maintaining accurate records. Attention to detail is vital.
• Effective communication with clients, colleagues, and external auditors. Ability to explain complex financial concepts clearly.
• Trust professionals must adhere to high ethical standards, as they handle sensitive financial matters. Integrity and confidentiality are paramount.

Benefits

Healthcare (medical, vision, dental)

Competitive Compensation

Community Involvement Incentives

Flexible work hours

Paid Vacation & Sick leave

Paid Holidays

401(k) with matching contribution

Team Building Activities

Apparel Reimbursement

Our Values

Integrity

Dedicated

Community

Caring

Innovative