First Republic Bank

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Sr Trust Officer

Sr Trust Officer

ID 
2017-5188
Job Locations 
US-CA-San Francisco
Category 
Wealth Management

More information about this job

Overview

First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

 

We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

 

The Senior Trust Officer has primary responsibility to ensure that the accounts assisgned to that individual are properly administered, and to act as a resource for other members of the team. The officer also will represent FRTC in the community through membership in professional associations and play a significant role in the development of trust business retention and development.

Responsibilities

  • Carry out all account administrative duties either directly if appropriate or supervise activities conducted by others affecting the account.
  • Provide on-going training to administrative assistant and delegate responsibilities as appropriate.
  • Maintain knowledge of SunGard operating system.
  • Identify any issues or problems in an account and promptly bring them to the attention of management.
  • Provide continuing input to administrative policy and procedures manual.
  • Participate in business development activities.
  • Open all new accounts in a timely manner.
  • Prepare timely annual reviews for all accounts.
  • Communicate with account principals, beneficiaries, accountants and other third parties as required. Keep FRTC members informed about account administration or operational issues.
  • Participate and contribute to departmental activities designed to improve the account management process, such as TAC, TSG and the training conducted by FRTC managers.
  • Enhance knowledge of trust, tax and related areas by participating in ongoing educational functions, including those offered by FRTC and those availble from third parties.
  • Interact with other First Republic Bank members to expand their knowledge about FRTC.
  • Perform duties & responsibilities specific to department functions & activities.
  • Performs other duties & responsibilities as required or assigned by supervisor.
  • Responsibilities include the following:  1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training,  4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. 

Qualifications

  • Minimum ten years of trust administrative experience in all facets of the trust industry.
  • Extensive understanding of trust accounting systems; excellent analytical skills.
  • College degree preferable; excellent communication skills; and practical job experience.

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