Lead Trust Officer

2 months ago


New York, New York, United States 00002 Citibank, N.A. Full time

The Senior Trust Officer is a key strategic professional who stays abreast of the latest developments in the fiduciary sector and applies them effectively within the organization. This role typically involves a select group of experts who provide high-level guidance and support. Exceptional communication skills are essential for negotiating with senior stakeholders and influencing decisions across various departments. This position carries significant accountability for business outcomes and offers authoritative advice on operational strategies. It also entails a degree of responsibility for technical direction and impacts a specific sub-function within the organization.

Key Responsibilities:

  • The Private Bank division at Citibank provides a comprehensive suite of services, including investment strategies, banking solutions, and trust services tailored to meet the diverse needs of ultra-high net worth clients globally.
  • The primary legal entity for Citibank is responsible for delivering a wide array of products and services to individual and corporate clients, ensuring compliance with evolving regulatory standards.
  • Under the guidance of the Fiduciary Services Head, this role involves managing ongoing fiduciary relationships, focusing on the preservation and growth of trust assets while aligning with clients' estate planning goals.
  • Responsibilities include overseeing a portfolio of trust and estate accounts, initiating investment management in collaboration with Private Bankers and Investment Counselors, and ensuring compliance with legal and tax obligations.
  • Assessing clients' estate and tax planning needs, reviewing legal documentation, and assisting clients in achieving their trust and estate objectives are critical aspects of this role.
  • Ensuring adherence to legal requirements and internal protocols, including risk management and communication with auditors and regulatory bodies.
  • Establishing effective communication with clients and their advisors, participating in client meetings, and fostering relationships with the Private Banking and Investment teams.
  • Additional duties include supervising Assistant Trust Officers, engaging in professional development opportunities, and contributing to policy drafting and special projects.
  • It is vital to evaluate risks associated with business decisions, ensuring compliance with applicable laws and maintaining the integrity of Citibank's reputation.

Qualifications:

  • A minimum of 10 years of relevant experience.
  • Proven expertise in estate and trust management, with an MBA or JD preferred.
  • Strong technical knowledge in legal, investment, and tax matters related to trust administration, along with excellent communication and project management skills.
  • CFTA certification is preferred, with experience in Fiduciary Income Tax being advantageous.

Education:

  • Bachelor's degree required; Master's degree preferred.

Job Family Group:

Private Client Product Services

Job Family: Trust Fiduciary Services

Time Type: Full time

Salary Range: Competitive salary commensurate with experience, along with a comprehensive benefits package.

Citibank is an equal opportunity employer, committed to diversity and inclusion in the workplace.


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