Trust Officer III - BTC Trust Company of South Dakota

Bankers Trust Company • Sioux Falls, SD

1d • Hybrid

About The Position

BTC Trust Company of South Dakota, successor to the oldest trust company in South Dakota and affiliated with Bankers Trust, Iowa’s largest privately owned bank, is hiring a Trust Officer III. The company has seven professionals in its Sioux Falls office and is supported by more than 20 back- and middle-office professionals in Des Moines, Iowa.

The Trust Officer III administers and maintains upper-tier South Dakota directed trust, family office, and traditional fiduciary relationships for domestic high-net-worth and ultra-high-net-worth clients. The position calls for business and legal acumen, leadership, collaboration, strong client service, timely responses to client inquiries, and completion of client projects. Work includes preparing documents for account opening and compliance; facilitating trust drafting, modifications, and petitions with clients and outside professionals; reviewing, analyzing, and implementing investment documents; and documenting trust administration to support client satisfaction and successful audits by internal auditors, the FDIC, and the South Dakota Division of Banking. The role also participates in business development and may require occasional travel.

The position may be eligible for a hybrid schedule, with some days each week required in the office.

Requirements

• Bachelor’s degree or equivalent work experience.
• At least 8 years of related experience.
• Familiarity with legal fiduciary responsibilities.
• Familiarity with South Dakota trust law.
• Familiarity with legal business organization structures and complex legal structures.
• Familiarity with account compliance responsibilities.
• Ability to process detailed work accurately and promptly.
• Ability to follow written and oral instructions.
• Ability to work as a team player.

Nice To Haves

• At least 10 years of experience in Private Client Services, Fiduciary Services, or Trust & Estate Planning is strongly preferred.
• CTFA, JD, CFP, CFA, CPA, or another related designation is strongly preferred; willingness to pursue a designation after hiring is also acceptable.

Responsibilities

• Manage assigned client relationships.
• Anticipate client needs and requests proactively.
• Respond to client requests, coordinate daily activities, and escalate issues as needed.
• Complete special projects as assigned.
• Prepare materials for client and prospect presentations and meetings.
• Prepare documents related to compliance and annual account reviews.
• Manage and coordinate new account onboarding.
• Meet assigned sales and referral goals.
• Review and follow up on sales activities.
• Collaborate with colleagues to support the success of the team, department, and organization.
• Share and promote ideas for process improvements and changes to team processes.
• Manage continuing professional development.
• Provide backup for other team positions.
• Perform other duties as assigned.
• Administer and maintain directed trust, family office, and traditional fiduciary relationships.
• Facilitate trust drafting, modifications, and petitions with clients and outside professionals.
• Review, analyze, and implement investment documents, and document trust administration.
• Participate in new business development activities.

Benefits

• Group health insurance
• Dental insurance
• Vision insurance
• Generous paid time off
• Volunteer time off
• 401(k) plan with company match
• Tuition assistance
• Company-paid life insurance
• Paid parental leave
• Lifestyle accounts with reimbursement for expenses such as childcare, student loan payments, gym memberships, and pet insurance
• Team Member Banking products and services with special employee benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior