Sr. Trust Officer

Senior Trust Officer
Fifth Third Bank
Job Description
GENERAL FUNCTION:
Serve as relationship manager and fiduciary advisor for clients with more than $1,000,000 in investable
assets and support a book of accounts having an asset base of at least $200,000,000*.
On behalf of Fifth Third Bank as Trustee, Agent or Custodian, understand and administer complex
fiduciary accounts in accordance with the terms of their governing documents. A typical client may have
several of the following: multigenerational trusts, multiple residences, complex gifting requirements,
challenging family dynamics, litigation concerns, interaction with multiple co-trustees as well as family and
professional advisors, closely-held business interests, multi-layered stock options, significant retirement
assets, charitable trusts or a private foundation.
In the Fifth Third Private Bank service model, it is typically the Trust Officer, who is the client's
Relationship Manager. Thus, the Senior Trust Officer is responsible for coordinating services, building
relationships with clients and their children, and functioning as the clients' trusted advisor.
DUTIES AND RESPONSIBILITIES:
Client Service
Serve as the clients' Relationship Manager and trusted advisor by developing a close, personal
relationship with the clients and their families, anticipating clients' wealth planning and Private Bank
service needs and coordinating internal and external advisors to meet those needs.
Coordinate fiduciary and administrative services for approximately 100 client relationships
Administer multigenerational trusts, often with discretionary income and principal payments distributed
among multiple family members while managing financial risk.
Execute the terms of any estate plan or documents in which Fifth Third Private Bank serves as Trustee,
Executor, Personal Representative, Guardian or Agent for Fiduciary, often exercising broad discretion for
beneficiaries with competing interests.
Actively participate with the Private Bank client service team to develop, interpret, communicate and
facilitate complex estate planning matters as part of the advice-based solutions presented to the clients.
Retain client base by working with the client service team to deliver the highest service and client contact
standards. As the primary fiduciary contact, resolve client issues, challenge and collaborate with client to
articulate and achieve goals. Collaborate with the client's advisors, including attorneys and accountants,
to develop and implement a comprehensive wealth plan.
Account Administration
Ensure all internal compliance and proper documentation requirements are met, consistent with internal
fiduciary policies and procedures regarding new business and asset acceptances, discretionary actions,
and all other bank policies, procedures and guidelines.
Complete annual administrative account reviews.
Work closely with Trust Tax Accountants to ensure proper tax reporting.
Sales
Achieve annual sales between $250,000* and $1MM*and annual recurring fee revenue of approximately
$2,000,000*
Prospect for clients by sourcing and building a pipeline of opportunities.
Solicit and receive referrals from clients, internal business partners and Centers of Influence (COIs).
Identify opportunities and partner with the WMAs, internal business partners and COIs in the sales
process to maximize new business opportunities.
Actively participate in the Life360 Process to identify and provide appropriate products, services, and
cross-selling opportunities.
Acquire additional assets (account additions) from existing clients.
Demonstrate highly developed client contact and relationship management skills, including the
development of targeted business plans.
Utilize and ensure prospect/client information is appropriately entered, updated, and managed in the
CRM tracking system.
SupervisoryResponsibilities
Provide guidance regarding client service and sales requirements to fiduciary professionals on the team,
including actively participating in pre-call planning.
Demonstrate sound decision-making skills, including balancing business risk to Fifth Third Bank with
client interests.
Provide team members with timely, candid and constructive performance feedback.
Develop employees to their fullest potential by providing opportunities that challenge and enhance career
growth.
Develop an appropriate talent pool to ensure adequate bench strength and succession planning.
Recognize and reward employees for accomplishments.
Other
Demonstrate sound complex decision-making skills, including balancing business risk to Fifth Third Bank
with client interests.
Champion the Bancorp Vision and Core Values through personal actions and exert leadership influence
to promote high performing work groups. Recommend enhancements to policies and procedures.
Maintain knowledge of current trends and changes in the industry with regard to fiduciary matters (e.g.
estate planning, probate, estate, gift and income tax planning, guardianships, special needs trusts, state-
specific laws).
Develop subject matter expertise in a fiduciary-related area (e.g. concentrated stock positions, unique
assets, discretionary distributions, asset protection).
Attend community and/or industry-specific forums, conferences and/or meetings in order to broaden
relationships, network and continually deepen knowledge of trends, practices, products and competitors.
Participate actively in community affairs and professional associations.
KNOWLEDGE & SKILLS REQUIRED:
Bachelor's degree required; graduate degree (e.g. JD or MBA) or professional licenses (e.g. CTFA, CFP,
CPA) preferred
Minimum of 10 years of demonstrated fiduciary client service/sales success required
Demonstrate advanced knowledge and mastered skills in the areas of trust administration, estate
planning strategies and income, gift and estate tax matters
Demonstrate a solid understanding of financial markets and investment theory
Operate effectively in an environment that stresses both individual accountability and team-based
performance
Exhibit strong interpersonal communication skills
Demonstrate superior interpersonal negotiation, verbal and written communication and presentation skills
Use effective leadership, problem solving and analytical skills
Provide professional presence within professional and community organizations
Desire a fast-paced team environment, working with experienced professionals from multiple disciplines
to deliver high quality client service
Computer/Technical: Ability to use all Microsoft Office software including: Word, Excel, PowerPoint,
Outlook and Access
Please email me for more details or if interested at Chris.Richards@53.com or call or
text # 312-518-3520 to discuss.

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Sr. Trust Officer

  • 1. Senior Trust Officer Fifth Third Bank Job Description GENERAL FUNCTION: Serve as relationship manager and fiduciary advisor for clients with more than $1,000,000 in investable assets and support a book of accounts having an asset base of at least $200,000,000*. On behalf of Fifth Third Bank as Trustee, Agent or Custodian, understand and administer complex fiduciary accounts in accordance with the terms of their governing documents. A typical client may have several of the following: multigenerational trusts, multiple residences, complex gifting requirements, challenging family dynamics, litigation concerns, interaction with multiple co-trustees as well as family and professional advisors, closely-held business interests, multi-layered stock options, significant retirement assets, charitable trusts or a private foundation. In the Fifth Third Private Bank service model, it is typically the Trust Officer, who is the client's Relationship Manager. Thus, the Senior Trust Officer is responsible for coordinating services, building relationships with clients and their children, and functioning as the clients' trusted advisor. DUTIES AND RESPONSIBILITIES: Client Service Serve as the clients' Relationship Manager and trusted advisor by developing a close, personal relationship with the clients and their families, anticipating clients' wealth planning and Private Bank service needs and coordinating internal and external advisors to meet those needs. Coordinate fiduciary and administrative services for approximately 100 client relationships Administer multigenerational trusts, often with discretionary income and principal payments distributed among multiple family members while managing financial risk. Execute the terms of any estate plan or documents in which Fifth Third Private Bank serves as Trustee, Executor, Personal Representative, Guardian or Agent for Fiduciary, often exercising broad discretion for beneficiaries with competing interests. Actively participate with the Private Bank client service team to develop, interpret, communicate and facilitate complex estate planning matters as part of the advice-based solutions presented to the clients. Retain client base by working with the client service team to deliver the highest service and client contact standards. As the primary fiduciary contact, resolve client issues, challenge and collaborate with client to articulate and achieve goals. Collaborate with the client's advisors, including attorneys and accountants, to develop and implement a comprehensive wealth plan.
  • 2. Account Administration Ensure all internal compliance and proper documentation requirements are met, consistent with internal fiduciary policies and procedures regarding new business and asset acceptances, discretionary actions, and all other bank policies, procedures and guidelines. Complete annual administrative account reviews. Work closely with Trust Tax Accountants to ensure proper tax reporting. Sales Achieve annual sales between $250,000* and $1MM*and annual recurring fee revenue of approximately $2,000,000* Prospect for clients by sourcing and building a pipeline of opportunities. Solicit and receive referrals from clients, internal business partners and Centers of Influence (COIs). Identify opportunities and partner with the WMAs, internal business partners and COIs in the sales process to maximize new business opportunities. Actively participate in the Life360 Process to identify and provide appropriate products, services, and cross-selling opportunities. Acquire additional assets (account additions) from existing clients. Demonstrate highly developed client contact and relationship management skills, including the development of targeted business plans. Utilize and ensure prospect/client information is appropriately entered, updated, and managed in the CRM tracking system. SupervisoryResponsibilities Provide guidance regarding client service and sales requirements to fiduciary professionals on the team, including actively participating in pre-call planning. Demonstrate sound decision-making skills, including balancing business risk to Fifth Third Bank with client interests. Provide team members with timely, candid and constructive performance feedback. Develop employees to their fullest potential by providing opportunities that challenge and enhance career growth. Develop an appropriate talent pool to ensure adequate bench strength and succession planning. Recognize and reward employees for accomplishments. Other Demonstrate sound complex decision-making skills, including balancing business risk to Fifth Third Bank with client interests. Champion the Bancorp Vision and Core Values through personal actions and exert leadership influence to promote high performing work groups. Recommend enhancements to policies and procedures.
  • 3. Maintain knowledge of current trends and changes in the industry with regard to fiduciary matters (e.g. estate planning, probate, estate, gift and income tax planning, guardianships, special needs trusts, state- specific laws). Develop subject matter expertise in a fiduciary-related area (e.g. concentrated stock positions, unique assets, discretionary distributions, asset protection). Attend community and/or industry-specific forums, conferences and/or meetings in order to broaden relationships, network and continually deepen knowledge of trends, practices, products and competitors. Participate actively in community affairs and professional associations. KNOWLEDGE & SKILLS REQUIRED: Bachelor's degree required; graduate degree (e.g. JD or MBA) or professional licenses (e.g. CTFA, CFP, CPA) preferred Minimum of 10 years of demonstrated fiduciary client service/sales success required Demonstrate advanced knowledge and mastered skills in the areas of trust administration, estate planning strategies and income, gift and estate tax matters Demonstrate a solid understanding of financial markets and investment theory Operate effectively in an environment that stresses both individual accountability and team-based performance Exhibit strong interpersonal communication skills Demonstrate superior interpersonal negotiation, verbal and written communication and presentation skills Use effective leadership, problem solving and analytical skills Provide professional presence within professional and community organizations Desire a fast-paced team environment, working with experienced professionals from multiple disciplines to deliver high quality client service Computer/Technical: Ability to use all Microsoft Office software including: Word, Excel, PowerPoint, Outlook and Access Please email me for more details or if interested at Chris.Richards@53.com or call or text # 312-518-3520 to discuss.