Trust Officer
Company: U.S. Bank
Location: Minneapolis
Posted on: May 28, 2023
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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
Bachelor's degree, or equivalent work experience
Five or more years of experience in Trust administration
An advanced degree may be considered towards years of
experience
Preferred Skills/Experience
Thorough knowledge of estate settlement, income, estate and
multi-generational taxation and trusts
Working knowledge of fiduciary law, tax implications and practices
in multiple jurisdictions, trust accounting/reporting, and other
regulatory compliance requirements
Ability to identify and resolve complex problems with minimal
guidance
Ability to manage multiple tasks/projects and deadlines
simultaneously
Effective interpersonal, verbal and communication skills
Well-developed customer service/relations skills
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):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and
tenure)
Up to 11 paid holiday opportunities
Adoption assistance
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
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