Wealth Advisor/Trust Officer III

at  Broadway Bank

APPLY KNOWLEDGE OF LAW AND FIDUCIARY PLANNING STRATEGIES

• Review and interpret governing documents to determine the required actions and oversight needed to balance the interests of beneficiaries and remaindermen, protect account assets, and minimize risk to the bank.
• Manage risk to protect the bank from liability in carrying out fiduciary duties.
• Apply knowledge of fiduciary and estate planning strategies to benefit clients and prospects, communicating effectively and tactfully with clients, prospects, and their advisors.

EXPERIENCE & EDUCATION:

• 7 years fiduciary experience in the field of personal trust or 5 years legal, financial planning, or related experience.
• 4-year college degree; law degree preferred.
• Professional designation of Certified Financial Planner, Chartered Financial Analyst, or Certified Trust Financial Advisor is a plus.

SKILLS & QUALIFICATIONS:

• Demonstrated understanding of accounting principles.
• Ability to positively interact with high-level clients and all levels of bank employees.
• Strong understanding of fiduciary principles and regulatory requirements.Proficiency in managing complex fiduciary relationships and applying fiduciary planning strategies.
• Excellent problem-solving and risk management skills.
• Superior client relationship management and communication skills.
• Leadership and team-building abilities.
• Broad knowledge of financial services and products.
• Proficiency with Microsoft Suite. Experience with FiTek System is preferred.

OTHER REQUIREMENTS:

• Requires the ability to lift, carry, push, pull weights or otherwise move objects weighing as much as 10 lbs. on a regular basis and/or for extended periods of time during the workday.
• Occasional overtime or extended hours may be required.

PURPOSE OF THE POSITION:

Within a culture of empowerment, the Wealth Advisor/Trust Officer III manages fiduciary relationships with proactive diligence, adhering to the governing documents and regulatory environment. This role serves the needs of clients and beneficiaries by providing the full extent of the exceptional Broadway Bank client experience. With a sense of duty and compassion, this position will actively seek ways to add value to clients and potential clients by understanding their whole situation and leveraging the bank’s full capabilities to meet those needs. Additionally, this role supervises associates on the relationship management team, overseeing all aspects of the joint team responsibilities.

PERFORM SOUND FIDUCIARY ACCOUNT MANAGEMENT DUTIES

• Review tax returns and supporting documents.
• Review transactions, including distributions to beneficiaries, security purchases and sales, tax payments, real estate, oil & gas, and expenses, ensuring appropriateness under the terms of the operative document and compliance with OTC requirements.
• Engage with outside financial institutions to record or distribute account assets and obtain or provide accurate cost basis in a timely manner.
• Control and maintain related files, promptly initiating new accounts, receipts, disbursements, discretionary distributions, closed accounts, and other functions as required.
• SUPERVISE ASSOCIATE ON RELATIONSHIP MANAGEMENT ISSUESOversee all aspects of account administration with special attention to follow-through, documentation, and organization of files under sound fiduciary management principles.
• Teach, coach, and mentor associates to achieve maximum career potential based on individual ability and desire for career growth.
• Set an example for teamwork, initiative, empowerment, communication, and service excellence as detailed within the Major Accountabilities and Competencies section of the Performance Evaluation Process.