Trust Officer

Company: U.S. Bank
Location: Minneapolis
Posted on: May 28, 2023

Job Description:

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job Description
Responsible for the administration, risk management and servicing of assigned fiduciary and investment management accounts for ultra-high net worth clients. May include Relationship Management responsibilities as well as product specialty knowledge and expertise (such as IRAs, Charitable/Philanthropic Accounts, ILITs, Estates, etc.). Will likely work as part of a team of experts administering accounts where tasks are assigned based on complexity. May be responsible for monitoring, managing and assigning work flow to team members. Accountable for servicing and retention of existing accounts. Administers accounts in a manner which ensures compliance with the governing documents, state statutes and U.S. Bank policies and procedures. Responsible for meeting all corporate and regulatory compliance standards.
Basic Qualifications

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  Bachelor's degree, or equivalent work experience
  
  
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  Five or more years of experience in Trust administration
  
  
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  An advanced degree may be considered towards years of experience
  
  
  Preferred Skills/Experience
  
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    Thorough knowledge of estate settlement, income, estate and multi-generational taxation and trusts
    
    
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    Working knowledge of fiduciary law, tax implications and practices in multiple jurisdictions, trust accounting/reporting, and other regulatory compliance requirements
    
    
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    Ability to identify and resolve complex problems with minimal guidance
    
    
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    Ability to manage multiple tasks/projects and deadlines simultaneously
    
    
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    Effective interpersonal, verbal and communication skills
    
    
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    Well-developed customer service/relations skills
    
    
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    Working towards a Professional Designation such as a CTFA or a CFP
    
    
    If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
    Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.
    Benefits:
    Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
    
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      Healthcare (medical, dental, vision)
      
      
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      Basic term and optional term life insurance
      
      
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      Short-term and long-term disability
      
      
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      Pregnancy disability and parental leave
      
      
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      401(k) and employer-funded retirement plan
      
      
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      Paid vacation (from two to five weeks depending on salary grade and tenure)
      
      
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      Up to 11 paid holiday opportunities
      
      
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      Adoption assistance
      
      
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      Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
      
      
      EEO is the Law
      U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf) EEO poster.
      E-Verify
      U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

Keywords: U.S. Bank, Minneapolis , Trust Officer, Other , Minneapolis, Minnesota