Trust Officer

Advisor Group•Henderson, NV

6d•Hybrid

About The Position

The Trust Officer administers assigned accounts and represents the company in business activities and contacts with customers, outside professionals, and beneficiaries. The role ensures compliance with company policies and procedures governing trust functions and applicable state regulations. The position is full-time and hybrid in Las Vegas, Nevada, with a listed salary of $75,000–$80,000 per year plus an annual bonus.

Requirements

Strong knowledge of relevant state trust compliance regulations, policies and procedures, products and services, and trust operational policies.
Proficiency in personal computer use, word processing, and spreadsheet programs such as Microsoft Word and Excel.
Typing skills sufficient to meet the position’s production needs.
Intermediate math skills, including arithmetic, ratios, percentages, and interpreting bar graphs.
Good oral, written, and interpersonal communication skills, including the ability to follow instructions, interpret documents, understand procedures, write reports and correspondence, and communicate clearly with customers and employees.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Effective organizational and time-management skills.
Ability to perform duties with minimal or no supervision.
Current driver’s license and an appropriately insured vehicle if driving is required for assigned duties.
Sensitivity to deadlines and ability to multitask.
Ability to work independently and as part of a team.
Ability to delegate tasks when necessary.
Aptitude for handling routine to difficult problems with multiple facets and variables in non-standardized situations.
Bachelor’s degree preferred; a high school diploma or GED plus significant practical experience in financial services, specifically trust administration, will also be considered.

Nice To Haves

Certified Trust and Fiduciary Advisor (CTFA) license preferred.

Responsibilities

Administer accounts according to the governing instrument and the needs of principals, beneficiaries, and remaindermen.
Contact or correspond with people, agencies, and organizations that have an interest in an account.
Identify new business opportunities, consult with other officers about proposed plans, and share information with the marketing administrator for follow-up.
Analyze beneficiaries’ funding needs.
Coordinate and review preparation for filing federal and state trust tax returns.
Establish and maintain client data.
Consult with trust attorneys from an administrative perspective on drafting legal documents that specify trust details, conditions, and duration.
Review and approve discretionary trust payments and beneficiary disbursement requests.
Initiate or assist with marshalling and funding new accounts.
Interact with subordinates, peers, and functional managers.
Comply with company policies and procedures, state laws and regulations, and applicable BSA, OFAC AML, and USA PATRIOT Act policies and procedures.
Verify the identity of persons or businesses opening accounts, retain verification records, and ensure customer risk ratings follow the Customer Identification Program.
Perform personnel functions, including performance appraisals and disciplinary actions.
Supervise employees by delegating assignments, developing work schedules, and providing necessary training.
Immediately report customers suspected of suspicious activity to the BSA/Compliance Officer.
Participate in required annual BSA/AML/OFAC and Compliance training.
Report to work on time, adhere to scheduled breaks, and attend required meetings and training.
Make decisions with awareness of business implications and profitability, aligning work with strategic goals.
Prepare and approve annual and initial trust reviews on time.
Prepare and submit discretionary requests to TAC.
Stay current on regulatory rulings and enroll in continuing education courses if needed.
Perform other duties as assigned.