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Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career — a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
At Regions, the Wealth Management Client Solutions Trust Administrator – Private Wealth Management is responsible for the administration of Personal Trust and Investment Management client relationships. This position is responsible for retaining and providing support and service to their existing client relationships.
Primary Responsibilities
• Oversees client relationships and administers complex transactions on an assigned book of Personal Trust and Investment Management accounts, including following issues through to resolution, meeting deadlines, and anticipating client needs including future opportunities and risks
• Develops internal and external business networks to identify opportunities to enhance the profitability of the trust book of business, when applicable
• Demonstrates a thorough understanding of client objectives, and develops customized solutions based upon subject matter expertise
• Understands unique, complex trust agreements and appropriately manages accounts in compliance with Regions capacity and legal and regulatory guidelines.
• Manages the set-up, implementation, and administration of trusts, IRAs, and IMAs, ensuring account administration follows fiduciary principles
• Conducts Annual Administrative and Compliance Reviews for clients
• Coordinates client service activities with other areas of the organization
• Determines the financial viability and associated risks of client business
• Leads client pre-call planning meetings & client meetings.
• Participates in book of business reviews
• Partners with Specialists to oversee administration of trusts, IRAs, IMAs, and custody accounts
• Understands multi- state specific trust statutes
• Demonstrates solid knowledge and understanding of Regions’ products and services, including retirement, investment management, and charitable giving
• Supplies Portfolio Managers with documentation for Annual Investment reviews
• Facilitates the non-discretionary and discretionary distribution process, communicating with partners when necessary
• Handles annual tax coordination, fee set up, and daily cash management
• Ensures all accounts comply with applicable internal programs and procedures, to include fiduciary principles
• Partners with leadership and technology to define business requirements and perform user acceptance testing for new Wealth Management technologies that enhance innovation
• May assist management with strategic planning or lead special projects
• Coordinates administrative functions with attorneys, co-trustees, investment advisors, and CPAs
• Ensures client activity is appropriately documented in OneView
• May review accounts for potential transition from Private Wealth Management to Client Solutions.
• Ensures appropriate management of trust account assets, with an awareness to future potential depletion
• Remains abreast with industry trends to ensure prudent administration and investment management
• May provide guidance to less experienced Advisors
• Performs duties in compliance with Corporate and Private Wealth Management Program Documents and Procedures and all applicable external regulations
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
• Bachelor’s degree and three (3) years of Trust or closely related experience OR High School Diploma and seven (7) years of Trust or closely related experience
Preferences
• Master’s in Business Administration (MBA)
• Juris Doctor (JD)
• Experience in Trust Administration and Institutional/Retirement Services Administration
• Experience in Transactions including GST, 65-day elections, LLC’s and Partnerships, Decantings or Modifications, and 5/5 Powers
• Experience with Trust accounting
• Familiarity with governing/applicable laws and regulations
• Professional designations and/or certifications
Skills and Competencies
• Customer service skills
• Excellent verbal, written communication, and organizational skills
• Proficient in Microsoft Office suite
• Strong analytical and problem-solving skills*
• Strong attention to detail*
• Strong presentation and sales skills*
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$53,829.20 USD
50th Percentile:
$72,680.00 USD
Incentive Pay Plans:
This job is not incentive eligible.
Location:
Hoover, Alabama
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
