Client Solutions Trust Administrator - Private Wealth

Regions Bank

  • Hoover, AL
  • Permanent
  • Full-time
  • 2 months ago
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.Job Description:At Regions, the Client Solutions Trust Administrator - Private Wealth is responsible for the administration of Personal Trust and Investment Management client relationships. This position is responsible for retaining and providing support and service to their existing client relationships.Primary Responsibilities
  • Oversees client relationships and administers transactions on an assigned book of trust accounts
  • Develops internal and external business networks to identify opportunities to enhance the profitability of the trust book of business, when applicable
  • Demonstrates a thorough understanding of client objectives, and develops customized solutions based upon subject matter expertise
  • Understands unique, complex trust agreements and appropriately manages accounts in compliance with Regions capacity and legal and regulatory guidelines.
  • Manages the set-up, implementation, and administration of trusts, IRAs, and IMAs, ensuring account administration follows fiduciary principles
  • Conducts Annual Administrative and Compliance Reviews for clients
  • Coordinates client service activities with other areas of the organization
  • Determines the financial viability and associated risks of client business
  • Leads client pre-call planning meetings & client meetings.
  • Participates in book of business reviews
  • Understands multi- state specific trust statutes
  • Demonstrates solid knowledge and understanding of Regions’ products and services, including retirement, investment management, and charitable giving
  • Supplies Portfolio Managers with documentation for Annual Investment reviews
  • Facilitates the non-discretionary and discretionary distribution process, communicating with partners when necessary
  • Handles annual tax coordination, fee set up, and daily cash management
  • Ensures all accounts comply with applicable internal programs and procedures, to include fiduciary principles
  • May participate in technology projects and process pilots to enhance innovation for the team or Wealth Management
  • Coordinates administrative functions with attorneys, co-trustees, investment advisors, and CPAs
  • Ensures client activity is appropriately documented in OneView
  • May review accounts for potential transition from Private Wealth Management to Client Solutions.
  • Ensures appropriate management of trust account assets, with an awareness to future potential depletion
  • Remains abreast with industry trends to ensure prudent administration and investment management
  • Performs duties in compliance with Corporate and Private Wealth Management Program Documents and Procedures and all applicable external regulations
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.Requirements
  • High School Diploma and one (1) year of Trust or closely related experience
Preferences
  • Master’s in Business Administration (MBA)
  • Juris Doctor (JD)
  • Experience in Trust Administration and Institutional/Retirement Services Administration
  • Experience in Transactions including GST, 65-day elections, LLC’s and Partnerships, Decantings or Modifications, and 5/5 Powers
  • Experience with Trust accounting
  • Familiarity with governing/applicable laws and regulations
  • Professional designations and/or certifications
Skills and Competencies
  • Customer service skills
  • Excellent verbal, written communication, and organizational skills
  • Proficient in Microsoft Office suite
  • Strong analytical and problem-solving skills
  • Strong attention to detail
  • Strong presentation and sales skills
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.Regions will not sponsor applicants for work visas for this position. Applicants for this position must be currently authorized to work in the United States on a full-time basis.Position Type Full timeCompensation DetailsPay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.Job Range Target:Minimum: $46,104.85 USDMedian: $62,320.00 USDIncentive Pay Plans: This job is not incentive eligible.Benefits InformationRegions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
  • Paid Vacation/Sick Time
  • 401K with Company Match
  • Medical, Dental and Vision Benefits
  • Disability Benefits
  • Health Savings Account
  • Flexible Spending Account
  • Life Insurance
  • Parental Leave
  • Employee Assistance Program
  • Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.Location Details Riverchase Complex North BuildingLocation: Hoover, AlabamaEqual Opportunity Employer/including Disabled/VeteransJob applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

Regions Bank