Charles Schwab Senior Trust Officer in Wilmington, Delaware
We believe that , when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.
Banking & Trust Services (BTS) is the business enterprise within Schwab overseeing Charles Schwab Bank and the Charles Schwab trust companies. The BTS organization offers deposit, loan and trust products to Schwab clients who are looking for holistic wealth management solutions that complement their brokerage activities. The integrated banking and brokerage services represent the strong value proposition we offer our clients.
Charles Schwab Bank is a full-service bank that offers a range of competitive deposit and lending products. In 2003, we launched Schwab Bank as a bank for investors, and it has grown to be the 13th largest bank in the United States. Our goal is to offer a banking experience that complements the Schwab brokerage capabilities, providing banking products tailored to meet our clients’ unique needs as investors, all in one convenient location. Consistent with the brand, we offer exceptional client experience.
The Senior Trust Officer is responsible for developing and maintaining relationships with registered investment advisors, trust beneficiaries, and other interested parties for an assigned book of business consisting of large family relationships and key investment advisor relationships utilizing the Personal Trust Services Division. The Senior Trust Officer serves as a mentor & coach to Trust Officers. The Senior Trust Officer assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations in the context of their responsibilities.
What you’ll do:
Ensure each trust account is administered in accordance with applicable laws, regulations, and the terms of the governing instrument.
Help mentor and coach Trust Officer and Trust Officer II.
Personally administer an assigned book of complex and/or high touch personal trust accounts.
Interpret legal documents to ensure that each trust in their assigned book of accounts is administered in accordance with the terms of each governing instruments.
Maintain high client service levels through prompt research and response to registered investment advisors and trust beneficiaries.
Present discretionary memorandums for review and approval of the Discretionary Distributions Committee.
Document directed distributions for the administrative file and for the Trust Advisory Committee.
Provide notice of termination for terminating trusts to the Trust Advisory Committee and process related termination efforts in accordance with Administrative procedure.
Respond to initial inquiries from Schwab advisors, third party contacts, and private individuals regarding both current and future trust prospects.
Ensure proper receipt of and accounting for miscellaneous assets in established trust accounts.
Perform Post Acceptance and Annual administrative account reviews for assigned accounts.
Participate in special projects as needed.
Provide training and support to the Administrative Team in coordination with the Managing Director.
What you have:
10+ years of experience in personal trust administration
Bachelor’s degree or higher, CTFA preferred, or equivalent work experience
Strong knowledge of the principles of trust administration and practical experience in administering trusts governed by Delaware law, a plus
Superior organizational skills and the ability to handle multiple priorities without sacrificing quality or accuracy
Excellent interpersonal and communications skills and the ability to deal effectively with a variety of people
Highly motivated and a self starter
You demonstrate these behaviors:
Adaptability: The ability to keep functioning effectively when under pressure and maintain self-control in the face of hostility or provocation.
Customer Orientation: Demonstrated concern for satisfying one’s external and/or internal customers.
Interpersonal Effectiveness: The ability to notice, interpret, and anticipate others’ concerns and feelings, and to communicate this awareness empathetically to others.
Personal Accountability: Takes responsibility for the results and future direction of the organization.
Technical Expertise: Depth of knowledge and skill in a technical area (Trust Administration).
Thoroughness: Ensuring that one’s own and other’s work and information are complete and accurate; careful preparation for meetings and presentations; following up with others to ensure that agreements and commitments have been fulfilled.
What you’ll get:
Everyday Wellness: Healthy Rewards, Onsite Fitness Classes, Healthy Choices, Wellness Champions
Financial Fitness: 401k Match, Employee Discounts, Personalized advice, Brokerage discounts
Work/Life Balance: Sabbatical, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer
Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships
Not just a job, but a career, with an opportunity to do the best work of your life
Learn more about Life@Schwab at http://www.aboutschwab.com/careers/lifeatschwab/" .
Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law.
Position Located In: DE - Wilmington