Director, Trust Administration

BMO Financial Group • Sarasota, FL • 3h ago

We are seeking an experienced trust officer with 5+ years of trust administration experience to work in one of our downtown or suburban Chicago offices as a client-facing individual contributor on a high performing team. The Director of Trust Administration is responsible for overseeing the administration of fiduciary accounts. This role requires a deep understanding of trust administration, fiduciary regulations, and risk management, ensuring that all accounts are managed in strict adherence to applicable laws, regulations, and internal policies. While the primary focus is on technical trust administration, the Director will also support relationship management and business development opportunities to enhance client satisfaction and expand the bank's fiduciary services.

Key Responsibilities:

Trust Administration & Compliance:

Oversee the day-to-day administration of a portfolio of personal trusts, estates, and other fiduciary accounts.

Ensure all trust accounts comply with the OCC's fiduciary standards, as well as state and federal trust laws.

Serve as a subject matter expert in fiduciary administration, providing guidance on complex trust structures, regulatory issues, and best practices.

Work closely with internal risk, legal, and compliance teams to mitigate fiduciary risk and address regulatory requirements.

Oversee annual and periodic trust reviews to ensure proper administration and risk oversight.

Client Relationship Management:

Serve as a trusted advisor to high-net-worth individuals and families, addressing their fiduciary needs with expertise and discretion.

Proactively manage and strengthen existing client relationships, ensuring high levels of service and responsiveness.

Coordinate with investment, tax, and estate planning professionals to provide holistic financial solutions tailored to clients' needs.

Business Development & Growth:

Collaborate with internal wealth management, private banking, and estate planning teams to identify opportunities for expanding trust and fiduciary services.

Assist in the onboarding of new trust accounts and ensure a seamless client experience.

Represent the bank in industry conferences, client events, and professional networking opportunities to enhance visibility and attract new business.

Qualifications & Experience:

Bachelor's degree in finance, law, business administration, or a related field; advanced degrees (JD, MBA) or industry certifications (CTFA, CFP, CPA) preferred.

Minimum of 5 years of experience in trust administration within a regulated financial institution, preferably an OCC-regulated bank.

Extensive knowledge of fiduciary laws, OCC regulations, and industry best practices.

Strong analytical, problem-solving, and risk assessment skills.

Excellent interpersonal and communication skills, with the ability to interact effectively with clients, attorneys, accountants, and internal stakeholders.

Sense of humor, great communication skills, empathy and "happy warrior" attitude.

Salary:

$102,000.00 - $190,000.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and @type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay @type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereo@types, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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