Trust Officer - New York, United States - Citi

Citi

Verified Company

New York, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Trust Officer

Engages with Ultra High Net Worth clients and administers their trusts to ensure the preservation and continued growth of their trust assets to achieve the client's specific trust and estate planning objectives.

Job Requirements

Manage a book of trust and estate accounts: types include revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, charitable trusts, estate accounts, and agency accounts, discretionary and directed.
Provide superior client service and develop deep relationships with clients to best administer their trust accounts, generate solutions, and meet their investment objectives and distribution needs.
Serve as an excellent fiduciary on behalf of Citi for our clients and aim to identify growth opportunities.
Manage the new account opening process including review of all critical forms and documents, ensure proper funding, ensure that account has been opened on the system with correct coding regarding statements, proxies, investments and tax, and fee agreements, submit for management inception.
Initiate investment management of the accounts by coordinating with Private Bankers and Investment Counselors utilizing both internal and external investment managers. Products include equities, fixed income, mutual funds, ETFs, private equities, hedge funds and real estate vehicles.
Review discretionary distribution requests by interpreting the terms of the trust document to determine the appropriateness of the request.
Perform annual administrative reviews of all accounts and update information for each account as appropriate.
Work with both internal and external tax preparers to complete and file tax returns for the various types of accounts, including Forms 1041, 5227, 990PF, 1042S, and 109
Comply with all legal requirements and internal procedures in relation to account activity.
Communicate effectively with the client and/or the client's attorney on all trust and estate matters and attend inperson client meetings and investment reviews.
Partner with the Private Banking and Investment teams with regards to the trust and overall client relationship including timely and accurate responses to inquiries.
Partnership with and oversight of an Assistant Trust Officer
Maintain a local presence in the trust and estate professional community.

Education and Qualifications

Strong relevant education/certification, e.g., bachelor's degree in finance, MBA, JD, CFTA
10+ years experience in a clientfacing fiduciary role, specifically with trust and/or estate management and administration experience
Strong knowledge and proven technical proficiency in legal, investment, and tax issues relative to trust and / or estate management and administration
Strong team player and partner
Outstanding integrity always doing what's right on behalf of the client while managing risk for the firm
Excellent communication skills
Superior client service skills
Selfmotivated with an inherent sense of urgency to client requests
Continuous improvement mindset to always seek optimal internal and clientfacing processes

Education:

Bachelor's/University degree, Master's degree preferred

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Job Family Group:

Private Client Product Services

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Job Family:

Trust Fiduciary Services

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Time Type:

Full time

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Primary Location:

New York New York United States
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Primary Location Full Time Salary Range:
$129, $194,760.00

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Anticipated Posting Close Date:

May 24, 202- Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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