Senior Corporate Trust Officer

Senior Corporate Trust Officer

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

The Senior Corporate Trust Officer serves as a single point of contact for bond issues and escrow accounts, including new business, growth, and retention. Responsibilities involve strong sales, marketing, and networking with both external and internal clients (Treasury Management, Commercial Lending, and Legal departments). The officer reviews and analyzes complex agreements to set up new issues within bond accounting and cash accounting systems, and serves as backup and potential successor to the Managing Director of Corporate Trust.

Base salary ranges from $77,900/yr to $153,000/yr plus bonus. The compensation range applies across the United States and may vary according to responsibilities, skills, experience, education, and geographic location.

• Municipal Bond Administration
• Sales of new bond issuances to grow authorized and outstanding debt managed – the office serves as Trustee, Registrar, and Paying Agent.
• Minimize the number of bond issues on the Watch and Default list through thorough analysis of documents.
• Generate additional fees from construction and debt service reserve accounts set up as Custody accounts.
• Monitor risk and compliance with bond documents.
• Debt Payment Monitoring and Administration: ensure accurate, timely payment of debt service payments to bondholders.
• Review and process Bond Fund Distributions from Operation and Reserve Funds.
• Ensure issuers receive correct payments to vendors for construction work performed, including checks, wires, and ACH.
• Daily reconciliation with the Depository Trust Company.
• Client Relationship Management and dialogue with debt and escrow relationship owners.
• Network with Attorneys, Bond Counsel, Financial Advisors, and Underwriters; review and analyze documents.
• Partner internally to assist Commercial Banking and Legal Departments with Escrow and Bond purchases and loan considerations.
• Assist with new and existing bank products.
• Maintain strong positive Reputation Risk among peers, issuers, and partners.
• Team Leadership and Operational Oversight.
• Develop clear policies and procedures.
• Ensure clean internal and external audits; proactively address and correct issues.
• Promote synergy and inclusion within the department.

• Drive and Execution
• Problem Solving/Decision Making
• Coach & Empower Others
• Communication and Collaboration
• Attention to Detail

• BS in Finance, Accounting, or Economics
• Corporate Trust Master Designation
• Strong analysis, problem, resolution, and decision‑making skills
• Proficient communication skills for internal and external clients
• Effective and efficient management skills

• Growth and retention of bond issues and escrow accounts
• Minimal or no penalty payments due to errors
• Satisfied or clean internal and external audits
• Revenue growth for the department
• High regard for our services among peers and referral sources

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.