Trust Specialty Asset Manager

JOB FUNCTION /

SUMMARY:

Manages and develops a complex portfolio of specialty assets and large client relationships for Trust and Asset Management accounts. Trust specialty assets include real estate, oil & gas, closely-held entities, notes and mortgages, and tangible personal property.

Manages and develops new business for the largest and most complex trust and asset management relationships. Provides specialty assets management and client services for the most complex portfolio of specialty assets in accordance with the terms of governing documents, client investment needs, applicable federal, state, and local laws and regulations, and Bank/Trust Department policies and procedures. Provides clients with solutions to specialty assets or account problems;

designs, structures, and manages individual assets or portfolios to meet specific client objectives and investment performance; provides in-depth portfolio analysis to ensure proper diversification. Acts as the specialty assets management representative for internal partners focusing on exceptional service delivery and new business development in a specific, regional, or global geographic area. Supports Wealth Team’s business development activities and initiatives to attain sales goals.

Keeps current with all developments, applicable laws and regulations within individual field and provides advice to more junior asset managers, relationship managers, investment officers and/or business development officers as necessary. Represents Bank on boards or committees related to businesses or institutions for which the Trust Department provides a service. Analyzes, studies, and gains full understanding of governing documents and legal documents.

Assures the specialty assets management and account activities are in compliance with Bank/Trust Department policies, procedures, and any applicable federal/state laws and regulations. Supports the development of policies and procedures for the SAM Group. Contacts or corresponds with attorneys, agencies, co-trustees/co-executors, lessors and other parties who have an interest in any aspect of a specialty asset or its account. Provides guidance to management and members of the Specialty Assets Management Governance Committee or Trust Administrative Committee on questions or concerns regarding the administration and management of specialty assets and accounts.

May participate as a voting member of the Specialty Assets Management Governance Committee. Represents the company in business activities and serves as a contact for customers, attorneys, CPAs and beneficiaries relating to assets and accounts under management. Mentors more junior asset managers and administrators on all aspects of managing, servicing, and developing specialty assets and trust relationships. Documents in accordance with Trust policy and keeps current records on all property held at the direction of the settlor or owner.

Directs collection of earnings from sale of assets and placement of proceeds in trust account. In consultation with internal partners, produces proposals for new business pricing or terms. Reviews financing documents to assure that the Bank is comfortable with all terms and conditions that may require the hiring of trustee counsel to represent the Bank in the transaction and the negotiation of terms of the documents.

Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.

Carries out supervisory responsibilities in accordance with the organization's policies, procedures and applicable laws;
Provides guidance and oversight to and is responsible for the coordination and evaluation of the assigned team. Responsibilities may include interviewing, hiring and training associates; planning, assigning and directing work; performance management; associate compensation; approving expense reports; addressing concerns and resolving problems.

Requires a Bachelor's degree, preferably in Business, Finance, or Accounting, and at least five years of professional real estate, oil & gas, or other specialty assets services experience and/or training. An equivalent combination of education and related experience may be considered. Industry licensing and/or certifications strongly preferred. Supervisory experience preferred. Must be able to demonstrate experienced knowledge of specialty assets management and administration.

Must be able to demonstrate experienced knowledge of Trust Administration and operations. Must be able to demonstrate an experienced understanding of the banking industry. Advanced knowledge of Microsoft Office applications, including Excel, PowerPoint, and Office preferred but not required.

Ability to work under stress and meet deadlines Ability to operate related…