KPB Trust Analyst

KeyBank • Brooklyn, OH

1d • $52,000 - $80,000 • Hybrid

About The Position

The Trust and Estate Analyst provides trust administration support and fulfills fiduciary responsibilities by providing basic trust administration for Key Private Bank (KPB) clients and their beneficiaries. While serving on the KPB Specialty Teams and within the relationship management team, collaborates effectively and provides insight and solutions to attract, retain and grow clients. Actively manages trust and agency accounts, in accordance with established policies and procedures to a high professional standard while managing fiduciary risk. Retains and deepens profitable client relationships within assigned revenue base. Where appropriate, may focus on an area of specialty trust expertise. Successfully identifies opportunities to enhance client relationships while using proper channel management.

Requirements

• A minimum of 3 years experience working within the financial industry or other client service roles. (required)
• Managing and recording financial transactions related to trust assets in compliance with legal and fiduciary standards.
• Understanding and applying laws and regulations related to taxation for individuals, trusts, and organizations.
• Overseeing the management and distribution of trust assets according to legal documents and fiduciary responsibilities.
• Executing duties with integrity and loyalty in managing assets or interests on behalf of another party.
• Understanding the legal framework governing the creation, administration, and termination of trusts.
• Leading, motivating, and developing teams to achieve organizational objectives effectively.
• Taking responsibility for decisions, actions, and outcomes in professional and fiduciary roles.
• All KeyBank employees are expected to demonstrate Key’s Values and abide by Key’s Code of Conduct.

Nice To Haves

• Bachelor's Degree in business-related field (preferred)
• General knowledge and understanding of fiduciary, financial and/or investment products and services
• Progress towards, or completion of, Cannon Trust Schools I, II and III or equivalent knowledge from other industry training, or equivalent knowledge from fiduciary training or equivalent experience (preferred)

Responsibilities

• Works in partnership with a Trust and Estate Settlement Officer on assigned fiduciary and agency accounts to administer settlements. May serve as primary contact for some account relationships.
• Reviews and maintains client information on trust accounting system and all applicable vendor systems.
• Applies sound fiduciary judgement to trust matters
• Discovers, analyzes and researches client transactions and recommend solutions as needed.
• Analyzes and interprets legal instruments to determine duties and responsibilities of bank as Trustee.
• Develops relationships with clients/beneficiaries and their service providers, such as attorneys and accountants, etc., to grow/maintain relationships. May involve proactive client outreach.
• Builds and maintains effective working relationships with other team members/partners to ensure high quality and timely administration of assigned accounts.
• Leads by example and demonstrates client focus and teamwork towards both clients and KeyBank employees. Provides back-up to other team members.
• Mitigates risk by servicing accounts in compliance with KeyBank policies and procedures, as well as with regulatory and legal requirements.
• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.

Benefits

• Eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
• Access to a list of benefits for which this position is eligible.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree