Trust Officer

Description

Title: Trust Officer

Job Summary:

The Bank Trust Officer will provide clients with expert advice on trust and estate matters, creating and overseeing trusts under the terms of the governing trust documents. This position will be responsible for the efficient administration of 30-40 current fiduciary accounts where the bank is acting as trustee, personal representative, guardian or agent. The Officer will administer accounts in a manner that ensures compliance with legal requirements and bank policies and procedures. Shares responsibility for soliciting, developing, managing and retaining client relationships for Personal Trust. Public speaking and marketing skills are essential and there will be limited travel to our seven different bank branches in central and eastern Oklahoma.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Duties/Responsibilities:

• Assists clients with formation of new trust accounts, providing advice concerning types of trusts and arrangements that are best suited for the situation. 
• Collaborates with client’s attorney to draft legal documents specifying trust and estate provisions, duration, and other matters.
• Collaborates with the bank’s investment analysts to choose appropriate investments based on long-term financial goals and the best interests of the beneficiaries; ensures that fiduciary judgment is followed in investment of the trust.
• Facilitates the process of transferring funds and assets to corpus of trust. 
• Collects income or proceeds from sales of assets and deposits funds in trust accounts. 
• Facilitates payment of debts, liquidation of liabilities, and disbursement of funds as needed by the beneficiaries and conditions of the trust.
• Prepares and reports financial accountings for grantor, beneficiaries, executors, and/or courts as required by specific provisions of a trust agreement.
• Prepares, files, and pays, or oversees preparation and payment of applicable state and federal taxes for the trust.
• Promotes the bank’s trust services to clients, community members, and business associates.  
• Acts as personal financial advisor when specified by the guidelines of the trust agreement.
• Performs other related duties as assigned. 

Supervisory Responsibilities

• Acts as resource by demonstrating extensive knowledge and enthusiasm about banking solutions and management objective.
• Supports team customers development by focusing on their innate talents and developing those into areas of strengths.
• Listens to and advocates for team customers to ensure their engagement needs are met.
• Supports team customer performance by establishing annual goals, setting clear expectations, and providing continual coaching.
• Creates a culture of accountability that celebrates progress as often as outcomes.
• Builds relationships that create trust and allow two-way dialogue.

Requirements

Required Skills/Abilities:

• Ability to exhibit our core values; Integrity, Enthusiasm, Accountability, Excellence, Customer First, Professionalism, and Respect.
• Identify and report risks that could impede the reputation, safety, security, or financial success of the bank. 
• Verbal and written communication skills including interpersonal skills
• Sales and customer service skills.
• Organizational skills and attention to detail.
• Strong analytical and problem-solving skills 
• Strong supervisory and leadership skills.
• Proficiency and expertise with personal computers and Microsoft applications (Outlook, Word, Excel, Access, and PowerPoint) or similar software. Knowledge of or ability to use Bank software and systems a plus.

Education and Experience:

• Bachelor’s degree from an accredited institution.
• Ability to interpret legal documents with knowledge of fiduciary services a plus.