Trust Operations Officer directs the work of Trust Operations team in large and complex trust operations. Ensures that transactions are balanced and documented according to policies and procedures. Being a Trust Operations Officer oversees the input and maintenance of data in accounting systems and report generation. Coordinates the processing of dividends and disbursements. Additionally, Trust Operations Officer may require a bachelor's degree. Typically reports to a manager. The Trust Operations Officer manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Trust Operations Officer typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
POSITION SUMMARY:
This role will serve as the primary point of contact Trust Company and the role will be responsible for advising on regulatory compliance matters, ensuring the trust company is appropriately implemented and to generally promote a strong compliance culture. The role will report to the Board of Directors, this position is a management and compliance position.
REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
· Bachelor’s degree or equivalent work experience
· Minimum of 2 years of relevant regulatory compliance experience supporting Trust/Wealth Management areas, with progressive responsibility
· Strong technical understanding of applicable banking laws, regulations, and regulatory guidance as they apply to banking products, services and processes state fiduciary laws/regulations
· A solid understanding of compliance risk management principles. AML, and regulatory expectations
· The ability to analyze compliance requirements and develop recommended solutions
· Experience working with regulators and auditors
· Strong verbal, written and presentation communication skills; Ability to communicate effectively
· Ability to build and maintain strong working relationships with clients, teammates and stakeholders
· A strong work ethic and ability to multi-task
DUTIES/RESPONSIBILITIES:
· From an advisory perspective, responsibilities include, but are not limited to, serving as the regulatory compliance person
· Day-to-day compliance questions;
· Assessing the impact of, and helping define action plans for, implementing regulatory changes;
· Reviewing compliance related policies and procedures;
· Addressing compliance issues.
· Other responsibilities related to the Compliance Program include:
· Working with the line of business to complete and maintain current compliance risk assessments;
· Monitoring compliance risks and the effectiveness of key compliance controls;
· Assisting the Compliance Testing team in defining testing scope and validating potential issues;
· Evaluating compliance issues and complaints; and
· Produce compliance reports, as assigned, and reviewing them Board of Directors
· Assist and mentor other personnel
The position responsibilities outlined above are in no way to be construed as all encompassing. Other duties, responsibilities and qualifications may be required and/or assigned as necessary.
Job Type: Full-time
Pay: $100,000.00 plus
Job Type: Full-time
Pay: $100,000.00 - $120,000.00 per year
Benefits:
Schedule:
Experience:
Education:
Work Location: In person
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