Job Title: Trust & Investment Officer
Position Summary:
We are seeking an experienced and highly versatile Trust & Investment Officer to join our team. As a key member of our team, this position will work closely with customers, staff, and executive leadership to ensure that fiduciary accounts and financial operations are handled with the highest level of integrity, service, and compliance.
Trust Administration:
- Administer personal trusts, estates, powers of attorney, and agency accounts in accordance with governing documents.
- Serve as the primary point of contact and relationship manager for trust clients.
- Interpret wills, trust agreements, and legal documents, executing fiduciary responsibilities with accuracy.
- Open and fund new trust accounts; monitor for compliance and accuracy.
- Manage investment portfolios in line with fiduciary standards, including buy/sell decisions.
- Work with legal counsel on trust and estate matters.
- Coordinate with tax professionals to prepare and review fiduciary tax returns.
- Prepare and distribute trust distributions, annual reviews, and compliance documentation.
- Lead quarterly trust committee meetings, prepare materials and maintain minutes.
- Ensure compliance with regulatory requirements, including RC-T reporting.
Investment Administration:
- Oversee the bank’s investment portfolio, ensuring compliance with internal policies and regulatory guidance.
- Monitor the bank’s liquidity position, investment runoff, and cash flow.
- Manage relationships with correspondent banks, the FHLB, and the Federal Reserve; oversee borrowing and credit line management.
- Collaborate with the CFO and SVP to support Asset/Liability Management and rate-setting.
- Maintain working relationships with municipal clients and support deposit growth.
- Track market conditions and recommend deposit rates for CDs and other deposit accounts.
- Maintain and update investment policies; manage investment audits and exams.
- Work with third-party brokers and advisors to optimize portfolio returns.
Department Oversight:
- Supervise and mentor trust staff; ensure high performance and training.
- Foster a culture of integrity, customer service, and compliance.
- Lead and support efforts to modernize processes and improve department efficiency.
Qualifications:
- Bachelor’s degree in Finance, Accounting, Business, or related field required; advanced degree, or CTFA certification preferred.
- 5+ years of experience in trust administration and/or bank finance, preferably in a community bank setting.
- Solid understanding of fiduciary responsibilities, financial portfolio management, and regulatory compliance.
- Strong interpersonal skills with a customer-first mindset.
- Ability to manage multiple priorities in a collaborative, team-oriented environment.
- Proficient in trust and accounting systems, Microsoft Office, and bank reporting tools.