Trust Officer - Delaware
Location: New Castle, Delaware
Description: Citi is at the momment seeking for Trust Officer - Delaware right now, this vacancy will be presented in Delaware. For detail informations about this vacancy opportunity kindly read the description below. Brief Description of the Organization
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, pro! viding consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
Trust Officer - Delaware
-
13020680
Description
Under supervision of a Manager and / or a Senior Trust Officer, works with clients to strategize toward the preservation and continued growth of trust assets while achieving their specific trust and estate planning objective and introduces clients to a broad range of investment management opportunities.
Job Requirements
Manage an existing book of trust and estate accounts: types of accounts include revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, various types of charitable trusts, estate accounts, and agency accounts, both di! scretionary and directed; initiate investment management of th! e accounts by coordinating with Private Bankers and Investment Counselors and utilizing both internal and external investment managers including equities, fixed income, mutual funds, ETFs, private equities, hedge funds and real estate vehicles to ensure the appropriateness of the account allocation based on the investment objective and risk tolerance of the account; knowledge and understanding of special assets such as promissory notes, operating agreements, LLC’s, LP’s, loan holds, life insurance policies, real estate interests and oil and gas interests; working with both internal and external tax preparers to complete and file tax returns for the various types of accounts, including Forms 1041, 5227, 990PF, 1042S, and 1099; review of a discretionary distribution request which includes collection of financial and tax documentation from the client together with the interpretation of the terms of the trust document to determine the appropriateness of the request; review ! and update information for each account for the annual administrative review which includes 13 major categories.
Assess the client’s overall estate and tax planning needs: including the knowledge and skill to review legal and trust documentation and have an understanding of the provisions in order to effectively assist the client and their advisors in achieving specific trust and estate objectives.
Compliance with legal requirements and internal procedures in relation to account activity: including identification and reporting to our Senior Risk Committee and management of the risk of financial loss and/or damage to Citi’s reputation arising from the activities within the Citi Trust businesses; Communicating with internal and external auditors as well as state examiners; working with Investment Management Oversight on the identification of and diversification of a discretionary portfolio’s exposure to a single security, issuer or industry.
Management of new account opening: including review of the! legal document and all accompanying paperwork along with the Fiduciary Solutions Group and the Wealth Planners, Private Bankers, and Investment Counselors; ensure the proper funding of the account with proper tax lot information and cost basis information; ensure that account has been opened on the system with correct coding for the account as well as statements, proxies, investments and tax; review fee agreement, review state law for allocation and set up with Fee unit; prepare investment management paperwork with all required approvals, submit for management inception and track in the system that management is active and account is trading properly; initial communication with the client followed up with a welcome letter.
Communication: Communicate effectively with the client and/or the client’s attorney on all trust and estate matters and attending in person client meetings and investment reviews; interact with and establish a working relationship with ! the Private Banking and Investment team in regard to the trust and overall client relationship including timely and accurate responses to inquiries.
Additional: Oversight and management of Assistant Trust Officers in all their duties; participation in internal and external training opportunities for ongoing professional development; drafting of policies and procedures as assigned by management and additional projects as requested; maintain a local presence in the trust and estate professional community.
Qualifications
Qualifications and Education
Bachelor’s degree in finance or related field required. MBA or JD desired.
A minimum of five years of trust and / or estate management and administration experience.
CFTA preferred.
Strong knowledge and proven technical proficiency in legal, investment and tax issues relative to trust and / or estate management and administration.
Experience with Fiduc! iary Income Tax and Estate Administration preferred.
Proven st! rong communication skills is required, such to interact effectively with clients and / or their attorneys as well as private bankers and investment counselors.
Proven project management and strategic planning skills.
Proficiency in Microsoft Office applications is required.
Proven presentation skills.
Primary Location
:
NAM-USA-DE-New Castle
Schedule
:
Full-time
Education Level
:
Bachelor's Degree
Shift
:
Day Job
Employee Status
:
Regular
Travel
:
No
Office Location / Address
:
ONE PENNS WAY New Castle, DE 19720
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If you were eligible to this vacancy, please send us your resume, with salary requirements and a resume to Citi.
Interested on this vacancy, just click on the Apply button, you will be redirected to the official website
This vacancy will be started on: Tue, 30 Apr 2013 21:21:00 GMT
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