Private Wealth Management Trust Support Administrator - JD, CTFA

Regions FinancialKnoxville, TN, US

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Private Wealth Management Trust Support Administrator

At Regions, the Private Wealth Management Trust Support Administrator will oversee the administration of Individually Managed Accounts (IMA), Individual Retirement Accounts (IRA), custody, trust, and estate, ensuring account administration follows the fiduciary procedures.

Primary Responsibilities

Conducts initial and annual administrative and compliance reviews for clients in conjunction with the assigned Trust or Wealth Advisor
Supplies Portfolio Manager with documentation of non-standard asset reviews for annual investment reviews
Leads the investment review exceptions clearance process
Remains abreast of industry trends to ensure prudent administration and investment management
Facilitates the non-discretionary distribution process, communicating with Trust or Wealth Advisors when necessary
Facilitates the discretionary distribution process with shared approval authority, communicating with Trust Advisors when necessary
Prepares all discretionary action requests for working group review, including but not limited to, account acceptance and termination, non-standard asset acceptance and retention, trust modifications, trust loan approvals and real estate improvements
Supports fee set up, and daily cash management
Completes Generation Skipping Tax (GST) worksheet and determines GST coding for new trust accounts
Supports Trust or Wealth Advisors' retention and expansion of trust and investment management clients
Takes responsibility for ensuring all accounts comply with applicable internal procedures
May take responsibility for providing guidance to less experienced administrators

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

Juris Doctor (JD), however this position will not be authorized to practice law on behalf of Regions Bank, and four (4) years of Trust Administration, Estate / Tax Law, Financial Planning, Investment or related experience

Or Master of Business Administration (MBA) and four (4) years of Trust Administration, Estate / Tax Law, Financial Planning, Investment or related experience

Or Certified Public Accountant (CPA), Certified Trust and Fiduciary Advisor (CTFA), Certified Financial Planner (CFP), or Accredited Investment Fiduciary (AIF) and four (4) years of Trust Administration, Estate / Tax Law, Financial Planning, Investment or related experience

Or Bachelor's degree in related field and five (5) years of Trust Administration, Estate / Tax Law, Financial Planning, Investment or related experience

Or High School Diploma / GED and nine (9) years of Trust Administration, Estate / Tax Law, Financial Planning, Investment or related experience

Skills and Competencies

Ability to create successful partnerships with Trust and Wealth Advisors and other key team members

Ability to learn additional systems as needed

Ability to research, analyze data, and derive facts

Ability to work under pressure and meet deadlines

Proficient in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

Proficient in FileNet, eSign, Adobe

Strong knowledge of risk management and fiduciary principles and processes

Strong knowledge of trust principles and regulatory and tax matters relating to the administration of trust accounts

Strong record-keeping skills

Strong verbal, written communication, and organizational skills

Strong work ethic and self-motivation

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include : experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target :

Minimum : $73,493.81 USD

Median : $98,733.50 USD

Incentive Pay Plans :

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation / Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Location Details

Location : Knoxville, Tennessee

Equal Opportunity Employer / including Disabled / Veterans

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Trust Administrator • Knoxville, TN, US