Trust Officer

Trust Officer Opportunity in Trust Services

Premier Trust Trust Officer

Location : 2270 Corporate Circle Suite 200, Henderson, NV 89074

Schedule : Osaic has returned to the office on a hybrid schedule requiring a minimum of 4 days weekly in the office. Applicants must be willing to work this schedule

Role Type : Full-time

Salary : $70,000 - $80,000 per year + annual bonus

Actual compensation offered will be determined individually, based on a number of job-related factors, including location, skills, experience, and education. Our competitive salaries are just one component of Osaic's total compensation package. Additional benefits include : health, vision, dental insurance, 401k, vacation and sick time, volunteer days and much more. To view more details of what you can look forward to, visit our careers page.

Summary : The Trust Officer is responsible for the administration of assigned accounts. Our selected candidate will represent the company in business activities and contacts with customers, outside professionals and beneficiaries relating to these accounts. Also, the Trust Officer assures us of compliance with all policies and procedures governing trust functions and all applicable state regulations.

Responsibilities :

• Administer accounts in accordance with the governing instrument's terms and in a manner consistent with the needs of principals, beneficiaries, and remaindermen.
• Contact or correspond with persons, agencies, and organizations that have an interest in any aspect of an account.
• Maintain an awareness of new business opportunities and advise or consult with other officers on details of proposed plans and communicate information to marketing administrator for follow up.
• Analyze the need of funds according to needs of beneficiary.
• Coordinate and review the preparation for filing federal and state tax returns for trusts.
• Establish and maintain client data.
• Consult with trust's attorney from administrative perspective on drafting legal documents specifying details, conditions, and duration of trust.
• Review and approve discretionary payments for trusts and the beneficiaries request for disbursements.
• Initiate and / or assist in the marshalling and funding of new accounts.
• Interact frequently with subordinates, peers, and functional managers.
• Comply with all company policies and procedures, state laws and regulations.
• Comply with Bank Secrecy Act ("BSA"), OFAC Anti-Money Laundering ("AML"), and USA PATRIOT ACT policies and procedures, by properly verifying the identity of any person / business opening an account, maintain records of the information used to verify before opening an account.
• Ensure that proper risk-rate customer as outlined in the Customer Identification Program.
• Work to perform personnel functions including performance appraisals and disciplinary actions. Supervise the activities of employees including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training.
• Report any customer suspected of suspicious activity immediately to the BSA / Compliance Officer.
• Participate in required annual BSA / AML / OFAC and Compliance training.
• Consistently report to work on time; adhere to scheduled breaks; attend all meetings and training as required of the position.
• Understand business implications of decisions; display orientation to profitability; align work with strategic goals.
• Responsible for timely preparation and approval of annual and initial trust reviews.
• Responsible for preparation and submission of discretionary requests to TAC.
• Stay current regarding regulatory rulings and enroll in CE courses if needed.

Education Requirements :

Basic Requirements :

Preferred Requirements :