Position Summary: The Corporate Trust Officer performs essential Corporate Trust functions and executes documentation requirements to ensure accounts are administered correctly and efficiently, and fields inquiries from corporate customers and bondholders concerning various aspects of the Corporate Trust documents and holdings. Note: This position allows for a potential career path and advancement to have the same functions and responsibilities as the Vice President role overtime. Essential Functions:
- Performs Corporate Trust functions and executes documentation requirements to ensure accounts are administered correctly and efficiently. This includes payment of debt, investment of assets, and monitoring compliance with covenants.
- Foster internal partnerships allowing for better marketing opportunities to new clients thereby generating new revenues in addition to maintaining existing accounts.
- Participates in the development and implementation of approved policies, procedures and programs of the Corporate Trust department.
- Completes final review and verification of annual compliance reviews as required by Corporate Trust policies and procedures.
- Actively participates in business development via direct marketing locally, out-state and out of state.
- Fields inquiries from corporate customers and bondholders concerning various aspects of the Corporate Trust department with respect to bond issues, custody and safekeeping business.
- Formulates and designs management reports to monitor accounts, account profitability and new business potential and maintains all reports on an established schedule.
- Reviews, negotiates, and renders comments on new account documents to meet acceptance requirements according to Corporate Trust policies.
- Analyzes current and potential problems and makes recommendations and/or decisions to mitigate risk and potential loss. Notifies counsel when appropriate.
- Participates in the investment of funds deposited and held for various trust accounts in accordance with governing documents.
- Participates in the budgeting, planning, and fee collection processes for the department.
- Understands and adheres to all bank policies, laws and regulations applicable to their role. Completes compliance training; follows internal processes and controls as required.
- Reports all compliance issues, violations of law or regulations in accordance with the steps defined in bank policies.
- Performs other job-related duties or special projects as assigned.
- Regular and reliable attendance is an essential function of this position.
Qualifications:
- Bachelor's Degree in Business Administration, Accounting, Finance, or comparable Corporate Trust experience required.
- Five years banking experience preferred.
- Certified Corporate Trust Specialist Designation preferred and/or willing to acquire.
- Proficient in Microsoft Word, Excel and in working with other financial software.
Preferred Talents:
- Highly accurate and detailed
- Effective Communicator
- Independent and decisive
- Customer focused and positive
- Achiever and motivator
- Analytical and problem solver
Working Environment: Majority of work indoor - may be exposed to some outdoor elements or hazards. Some sedentary work and occasional lifting and/or carrying up to 25 pounds. Some travel required. This role is eligible for hybrid work from home opportunity under the work from home guidelines upon completion of onboarding. PLEASE VIEW THE APPLICANT TERMS & CONDITIONS BEFORE PROCEEDING WITH YOUR APPLICATION. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)