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(USA-MN-Marshall) Regional Trust Manager

Clarkfield, MN | Posted 1 month ago

**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal. This position may be located at any of the offices within First Interstate Bank's fourteen state footprint, including Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington and Wyoming. What's Important to You We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible. Accrue and use your paid time off (PTO) immediately - no waiting period - plus paid federal holidays in addition to PTO. To assist employees in paying down student loan debt, we will make monthly payments of $100 directly to eligible loan service providers on behalf of our employees until the loan is paid off. Our retirement plan is one of the best in the region, including a 6% employer match on your 401(k). Employees (including temporary) scheduled to work 20 or more hours per week are automatically enrolled day one. The health and happiness of the places we call home matter to us. Learn a little more about what we do for the and why we want YOU to be a part of it. We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate. SUMMARY Responsible for the delivery and management of trust platform services across a region. Through this position the management and leadership of trust services in First Interstate Wealth Management will be conducted to meet the long-term trust/investment needs of customers within the bank's market areas. Accountable for the performance of the trust platform services specifically including the client experience and risk management. This position will supervise and lead the trust officers and trust assistants who are responsible for setting up and administering trust platform accounts; retaining client relationships and accounts; and developing these relationships to their fullest potential. Assigns accounts and ensures relationships are managed according to governing instruments, law and fiduciary policies and procedures to ensure an appropriate client experience, satisfactory audits and mitigation of company risk. Also responsible for recruiting, interviewing, hiring, training, and developing trust team members. Provides fiduciary oversight (in conjunction with the WM Leadership and WM Compliance Officer) and answers difficult or complex questions regarding trust taxability, document interpretation and fiduciary risk management. Responsible for review of trust documents and approval of discretionary distributions. Administration or management of some client relationships may be required. ESSENTIAL DUTIES & RESPONSIBILITIES include the following: other duties may be assigned. Personnel Management and Development: Serve as a leader, coach, and mentor to a full team of Trust Specialists delivering trust platform services to the assigned region. Create an effective learning and coaching environment for employees. Establish a professional attitude and practice. Establish personal goals for all direct reports. Provide positive re-enforcement and constructive discipline, as necessary. Client Experience and Compliance: Ensures client account relationships are managed in full compliance with applicable documents, laws, regulations and policies and procedures. Provides fiduciary oversight and serves as regional team leader regarding trust platform account administration. Work directly with Compliance Officer to ensure utmost compliance with laws and policies and procedures. Promptly resolve and implement audit recommendations made by internal and external auditors and state and federal examiners. Areas of oversight may include, but are not limited to: trust, review, special asset and risk management committee participation, trust account pre-acceptance, complaint management, audit compliance and follow-up, annual account reviews, pending, watch and litigation list management, discretionary distribution approval, account distributions and termination, unique asset oversight, fee schedule implementation; document review and risk management. Teamwork: Partner with Regional Sales Managers to develop holistic approach to client management and team delivery of Wealth Management and bank services and products through particular emphasis on participating in and supporting a relationship-based delivery approach, leveraging resources in regionally located Wealth Advisor Teams.In addition, this role will require teamwork with trust operations, asset management group and other back-office support functions. Financial Accountability: Indirectly accountable for the financial performance of Wealth Management in the region through the gathering of new assets, the limitation of customer attrition, appropriate expense control and prudent risk management. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. EDUCATION and/or EXPERIENCE Bachelor's degree from an accredited college/university in appropriate field is preferred. Qualified candidate will have a minimum of 10 plus years experience in the management and leadership of trust professionals. Advance degrees or designations such as MBA, Master's Degree, CTFA, LLM, JD, CPA or CFP preferred. Travel will be required within the assigned region and to management meetings and periodic trainings/conferences. LANGUAGE SKILLS Ability to read and comprehend technical instructions, correspondence, memos, policies and procedures and laws and regulations. Ability to read policy and procedure manuals. Ability to write complex correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization. Effectively communicate with supervisor. MATHEMATICAL SKILLS Ability to calculate and communicate figures and amounts such as gains, losses, discounts, interest, return, commissions, proportions, percentages, etc. Ability to apply concepts of basic algebra and geometry. Advanced knowledge of principal and income accounting is required. Estate, income, and trust taxation knowledge is also required. Must know or quickly learn to communicate through a variety of media, including spreadsheets, formal presentations, and graphs. REASONING ABILITY Ability to apply common sense and advanced understanding in highly technical situations. Ability to deal with complex situations with multiple variables in advanced and non-standardized situations. PHYSICAL DEMANDS While performing the duties of this job, the employee is regularly required to stand, walk, sit, use hands and fingers, handle or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to climb or balance and stoop, kneel, crouch or crawl. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job... For full info follow application link. Our company is an equal opportunity employer. Employment here is based solely upon an individual's merit and qualifications directly related to the position. We do not discriminate on the basis of race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, or any other characteristics protected by law. We make all reasonable accommodations to meet the obligations set forth under the Americans with Disabilities Act (ADA) and state disability laws.

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