Vice President - Trust Officer

Farmers and Merchants Trust Company • Full-time • Torrance, CA, US • $110k / year • 1w ago

Overview
The Vice President-Trust Officer serves as a relationship manager to Farmers and Merchants Trust Company (FMTC) clients by providing support and guidance in managing their trust and estate administration needs. This role will establish solid working relationships with clients and client agents (i.e. attorneys, co-trustees, CPA’s, etc.) as well as Farmers and Merchants Trust of Long Beach officers. Additional objectives include building relationships with potential new business sources and resources, including community leaders, accountants, and insurance agents.

Essential Duties

· Manage assigned trust relationships including all aspects of opening, administering, and closing of trust and fiduciary business; for some trust relationships, may provide support to more senior Trust Officers;

· Complete all necessary regulatory reporting regarding trust accounts including but not limited to Reg. 9 Compliance Services monitoring;

· Responsible for identifying and reporting compliance/ risk related matters as well as assisting with the management and mitigation of risk. This should include potential and actual complaints, threatened and actual claims of litigation;

· Understand the nuances of the discretionary review process and participate in such evaluations;

· Serve as a voting member of the Trust Administrative Committee (TAC) and other committees as assigned;

· Acting as a fiduciary while protecting the interests of the trust company and working in a fiduciary capacity for your clients;

· Establish themselves with the local estate and financial planning communities to ensure favorable visibility of FMTC and its trust and fiduciary capabilities;

· Build multi-generational relationships with members to retain assets held in a trust;

· Maintain awareness of emerging products and services and new developments in the industry;

· Keep current on all laws and regulations related to the administration of trust accounts;

· Acquire and apply knowledge of industry products, services and processes in handling moderately complex accounts (e.g. irrevocable, IRA, distributing trusts, trust agency, etc.);

· Review legal documents, correspondence and forms and ensure compliance with policies, procedures, governing documents and applicable regulations;

· Provide recommendations to management regarding changes to transaction processing and account maintenance;

· Act as educator and mentor to FMTC employees regarding trusts, estate and related areas;

Other duties as assigned.

Position Requirements

· Bachelor’s Degree;

· Graduate or law degrees, CTFA and/or industry specific certifications are desirable;

· Intermediate/Advanced knowledge of trust and estate services and applicable laws;

· 7+ years working experience in trust and estate administration and planning required; 5+ years of experience as a Trust Officer, Trust Relationship Manager, or similar, responsible for a book of clients containing various types of trust, agency, and estate settlement accounts;

· Proficient knowledge of Microsoft Office and Windows operating environment;

· Proficient knowledge of trust accounting and related systems;

· Proficient knowledge of Salesforce desirable;

· Demonstrated interpersonal skills suggesting ability to increase FMTC business – both internally and externally;

· Advanced proficiency in verbal and written communication;

· Solid understanding of the role of fiduciaries and delivery of trust services;

· Ability to be effective under pressure;

· Advanced ability to prioritize and multi-task;

· Ability to professionally interact with all levels of employees and clients;

· Ability to respect and hold confidential information;

· Effectively work independently as required.

Join us as we empower clients through expert trust services that safeguard their legacy while delivering innovative wealth solutions. We are committed to fostering an inclusive environment where your expertise can thrive—helping us shape the future of trust management.

Pay: From $110,000.00 per year

Benefits: