Senior Trust Officer

Your opportunity

At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified locations. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

The Senior Trust Officer is responsible for developing and maintaining relationships with registered investment advisors, trust beneficiaries, and other interested parties for an assigned book of business consisting of large family relationships within the Personal Trust Services Division. The Senior Trust Officer serves as a mentor & coach to Trust Officers. The Senior Trust Officer assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations in the context of their responsibilities.

Key functions include but are not limited to:

• Ensure each trust account is administered in accordance with applicable laws, regulations, and the terms of the governing instrument.
• Help mentor and coach other Trust Officers on the team.
• Personally administer an assigned book of complex and/or high touch personal trust accounts.
• Interpret legal documents to ensure that each trust in their assigned book of accounts is administered in accordance with the terms of each governing instruments.
• Maintain high client service levels through prompt research and responsiveness to trust beneficiaries and other centers of influence.
• Present discretionary memorandums for review and approval of the Discretionary Distributions Committee.
• Document directed distributions for the administrative file and for internal review.
• Provide notice of termination for terminating trusts and process related termination efforts in accordance with Administrative procedure.
• Respond to initial inquiries from Schwab advisors, third party contacts, and private individuals regarding both current and future trust prospects.
• Ensure proper receipt of and accounting for miscellaneous assets in established trust accounts.
• Perform Post Acceptance and Annual administrative account reviews for assigned accounts.
• Participate in special projects as needed.
• Provide training and support to the Administrative Team in coordination with the Director of Trust Administration

What you have

• 7+ years of experience in personal trust administration
• Bachelor’s degree or higher, CTFA preferred, or equivalent work experience
• Strong knowledge of the principles of trust administration and practical experience in administering trusts governed by Delaware and Nevada law, a plus
• Experience with Inherited IRAs and Trusteed IRAs, a plus
• Superior organizational skills and the ability to handle multiple priorities without sacrificing quality or accuracy
• Excellent interpersonal and communications skills and the ability to deal effectively with a variety of people
• Highly motivated and a self starter

In addition to the salary range, this role is also eligible for bonus or incentive opportunities.

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