Trust Relationship Manager

at Live Oak Bank • Wilmington HQ

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Position Summary:

Provides customer and advisory service to assigned Trust relationships.  Ensure that all assigned relationship and trust accounts are properly administered according to the appropriate state statutes.

Essential Functions:

  1. Responds accurately and promptly to customer-related inquiries.
  2. Ensure the proper administration of trust activity in accordance with the appropriate state statutes and requirements.
  3. Work closely with the Trust Operations team to accurate posting of all trust account activity.
  4. Maintains specific and relevant industry information that supports the specific business line assigned.
  5. Complete Reg. 9 reviews for Trust Relationships.
  6. Assist the RM team in completing Annual State Trustee filings.
  7. Assist the RM and Ops teams in accurately and timely filing of income tax returns for trust accounts.
  8. Other administrative and relationship tasks and duties as assigned by the Director of Trust Relationship Management.

Additional Responsibilities:

  1. Has responsibility for following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering or other unlawful activities.
  2. Functions as a team and realizes all members of the team are vital to its success.
  3. Stays current with products and services the Bank is offering.
  4. Performs other duties as required.

Skills:

  • Excellent computer skills (i.e. Excel, Word, etc.)
  • Strong customer service and interpersonal skills
  • Strong financial analysis skills
  • Sound judgement, detail oriented

Education:

A Bachelor’s degree in Finance or Business is the minimum requirement.

Experience:

Three to give years in the banking or financial services industry

Physical Demands/Work Environment Requirements:

  • Vision, hearing, speech, movements requiring the use of wrists, hands and/or fingers
  • Able to sit, stand, stoop and bend
  • The ability to work the days and hours required to fulfill the essential functions of the position
  • The ability to work long hours and to multitask
  • Must have the ability to travel extensively
  • Must have a valid driver’s license

Mental Demands:

  • Learning, thinking, concentration
  • The ability to interact with others and exercise self-control
  • The ability to work under stressful conditions, particularly in customer situations
  • The ability to make decisions and exercise discretion, when necessary