KPB Trust Officer

KeyBank•Albany, NY

4d•$71,000 - $122,000•Hybrid

About The Position

Fulfills fiduciary responsibilities of KeyBank as a corporate fiduciary for the administration and post-death settlement of fiduciary accounts by providing expert trust and estate administration and counsel to High Net Worth clients and their beneficiaries. Actively manages trust administration and settlement, in accordance with established policies and procedures, to a high professional standard. Retains and deepens profitable client relationships within assigned revenue base. Actively produces new revenue both as a team member and individually to meet production goals.

Requirements

Undergraduate degree or equivalent experience, accounting or finance preferred
A minimum of 5 years client advisory experience to ultra-affluent, business owners; tax or legal services to clients regarding trust and fiduciary matters, and in trust administration or fiduciary advisory services or equivalent work experience
Demonstrated fiduciary experience
Experience working with high-net-worth clients, preferably in a private bank
Demonstrated agility working with local Private Banking Teams, Commercial Bankers and Investment Bankers
Self-motivated, goal and results driven
Demonstrated ability to be accountable for a process and/or delivery from end to end
Ability to plan own workflow to meet deadlines
Client Focus - Is dedicated to meeting the expectations and requirements of internal and external clients; gets first-hand clients information and uses it for improvements in products and services; acts with client in mind; establishes and maintains effective relationships gaining and retaining client’s trust and respect.
Action Oriented -Is action oriented and full of energy for the things he/she sees as challenging; not fearful of acting with a minimum of planning; seizes more opportunities than others.
Business Acumen- Know how businesses work; knowledgeable in current and possible future policies, practices, trends, and information affecting his/her business and organization; knows the competition; is aware of how strategies and tactics work in the marketplace.
Creativity Ability to develop new and unique ideas and tends to be seen as original and value-added in brainstorming settings.
Functional / Technical Skills - Has the functional and technical knowledge and skills to do the job at a high level of accomplishment.
Intellectual Horsepower - Is bright and intelligent; deals with concepts and complexity comfortably; described as intellectually sharp, capable, and agile.
Problem Solving – Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn’t stop at the first answers.
Presentation Skills - Is effective in a variety of formal presentation settings; one-on-one, small and large groups, with peers and superiors, clients, prospects and centers of influence; is effective both inside and outside the organization, on both cool data and hot and controversial topics; will show and project confident, caring demeanor in client settings to enhance overall client experience; can change tactics midstream when something isn’t working.
Strategic Agility – Can quickly understand and embrace corporate and line of business initiatives and changes and can confidently represent KPB internally among teammates and externally among clients, prospects and centers of influence.

Nice To Haves

Demonstrated proficiency and effectiveness in client service skills (including handling client/prospect and Center of Influence (COI) inquiries and relationships), communication skills (including verbal, phone and written), and problem resolution skills.
Demonstrated proficiency and effectiveness in organizational skills including the ability to balance multiple requests and prioritize tasks in an efficient manner or order to support multiple people.
Ability to interact effectively and collaboratively in a team environment.
Ability to work, make decisions and manage client relationships independently while managing competing priorities.
Ability to multi-task, quickly change direction and have an independent work ethic.
Ability to exercise discretion due to accessing and handling highly sensitive information.
Demonstrated attention to detail.
Ability to learn and use proprietary software, databases and systems.
Proficient in all Microsoft Office Applications
Cannon Level I or II or equivalent preferred
Cannon Level III or equivalent optional.

Responsibilities

Maintains deep expertise in fiduciary, investment, tax, and other related wealth issues
Designs and delivers sophisticated fiduciary solutions, using relationship team model (being prepared and participating in pre-call), to high net worth clients with complex financial needs.
Administers complex fiduciary and/or agency accounts with a proactive, disciplined, consistent and comprehensive approach serving as a Fiduciary for Trust administration and post-death activities of fiduciary relationships
Analyzes and interprets legal instruments to determine duties and responsibilities of bank
Fulfills Key’s fiduciary responsibilities, ensuring retention of business and reputation
Demonstrates awareness of state specific estate and tax planning issues
Advises field teams and other partners on internal fiduciary issues
Identifies and resolves potential trust and estate tax-related issues
Demonstrates and applies sound fiduciary judgment
Engages appropriate centralized support teams for administration or expertise in the delivery of client advice
Executes, through Salesforce or other Comprehensive Practice Management process, prioritized pro-active client contacts, per service standards
Retains and deepens the relationship with a client including the next generation
Works closely with the Relationship Management Team to identify and prioritize opportunities to deepen relationships
Identifies Investment Management and Trust Opportunities as well as any other banking, lending or insurance needs
Fosters close business relationships to develop client loyalty and new business opportunities
Leads the relationship development and engagement for beneficiaries
Participates in the onboarding process for new clients in partnership with the Relationship Team
Seeks new opportunities and engages proper sales partners
Participates in relationship reviews as fiduciary expert upon request of field teams
Provides backup and support to other Officers
Builds and maintains effective working relationships with other team members to ensure high quality and timely administration of assigned fiduciary accounts
Serves as a resource for the team on projects needed
Fulfills Key’s fiduciary responsibilities with utmost adherence to all internal fiduciary policies and procedures, regulatory and legal requirements
Anticipates and mitigates risk on assigned accounts
Assumes accountability for all delegated fiduciary administrative work on assigned accounts
Supports business objectives through active advocacy and behavioral adoption
Develops and maintains knowledge of Key’s investment process and results
Participates in KeyCorp’s commitment to community