Personal Trust Officer I

2 weeks ago

Sioux Falls, United States The First National Bank in Sioux Falls Full time
Job DescriptionJob Description

Position Summary:

As a Personal Trust Officer I, your primary role involves independently administering accounts that designate The First National Bank in Sioux Falls in fiduciary capacities. You will play a crucial part in ensuring effective communication with clients, professionals, and beneficiaries, working collaboratively to achieve the account relationship's goals and objectives. Additionally, you will act as the relationship manager, coordinating with all areas within the Bank to meet the customer's needs.

In addition, our FIRST Values apply to all teammates without exception.

FIRST Values

  • Family – We support, trust, and respect each other, our customers, and our shareholders.
  • Independence & Innovation – We embrace change as vital to our success.
  • Relationships – We build relationships that are based on strong character, mutual loyalty, trust, and respect.
  • Stewardship – We take care of ourselves so we can take care of others.
  • Teamwork – We help each other grow and succeed.

Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 135 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us – it is the cornerstone of our success.

Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Accountabilities

Client Relationship Management

Monitor client needs by establishing and managing relationships. Deliver exceptional client experience to ensure client retention, additions, and referrals. Facilitate ongoing and effective communication with internal and external stakeholders.

  • Utilize Customer Relationship Management tool (FSC) to log client interactions and to perform reach-outs at designated intervals.
  • Meet with clients to conduct account reviews that present meaningful recommendations based on clients' financial situations and goals.
  • Consult and partner with Fiduciary Risk and Internal Audit to monitor and manage regulatory risk within accounts.
  • Communicate through various methods with both the client and external resources (lawyers, CPAs, etc) to work collaboratively to research and resolve issues.
  • Review Daily Transaction History report and monitor Cash balances in all accounts.
  • Approve monthly fees within established guidelines.
  • Complete annual Administrative Reviews within established guidelines, including Enhanced Due Diligence reports when necessary.
  • Report on and resolve any client complaints.
  • Properly and securely transmit and save any files and forms.
  • Stay current on changes to trust law, tax law, and IRS regulations related to IRAs/Roth IRAs by attending meetings of the Sioux Falls Estate Planning Council, webinars sponsored by ABA and Cannon, and other learning opportunities as available.
  • Monitor annual tax preparation processes to ensure tax filing deadlines are met
  • Work closely with new customers to onboard and fund new accounts.
  • Process and distribute closing accounts in a timely manner.

Business Development

Initiate network opportunities to assure clients receive quality service and to enhance relationships with external referral sources to facilitate business development opportunities.

  • Provide superior client service resulting in high client retention, additions to accounts, and referrals for new prospective clients.
  • Utilize FSC to track leads and opportunities.
  • Apply for membership in Sioux Falls Estate Planning Council and, when approved, attend Council meetings to foster professional network with attorneys, accountants, and others in the financial services industry.
  • Build relationships with Bank staff at various branch locations (business bankers, personal bankers, ag bankers, tellers) by being available to answer questions via phone calls or in-person meetings.
  • Meet with prospective clients as requested.
  • Attend monthly Business Development meetings and report on progress regarding leads and opportunities.

Partner with Others

Partner with others to ensure team goals are met.

  • Provide input on creating efficiencies and streamlining processes.
  • Volunteer or accept assignment to work on committees related to specific Wealth Management Department initiatives.

Qualifications

Secondary education in related field preferred. One or more years of relevant work experience or a combination of education/experience that would enable incumbent to meet accountabilities and required competencies of the position. Professional Certification (CFP, CTFA, or CFIRS) encouraged within five years of employment.

Skills and Abilities

  • Ability to work independently with little supervision. Self-motivated.
  • Demonstrate a high degree of concern for professional and innovative customer service.
  • Excellent verbal and written communication skills.
  • Excellent interpersonal and conflict resolution skills.
  • Excellent organizational skills and attention to detail. High degree of accuracy required.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Ability to adapt to the needs of the organization and teammates.

What’s in it for you?

  • Health Insurance
  • Dental & Vision Insurance
  • Profit Sharing
  • Paid Vacation & Holidays
  • Company paid short and long term disability
  • Tuition Reimbursement Program
  • Employee Banking Perks
  • Community Volunteer time
  • And More

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