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At City National, we are constantly in search of experienced, client service oriented professionals who want to become a part of our team and make a difference.

Trust Officer

Job ID BIS-8305 CityLos Angeles StateCalifornia Exempt/Non ExemptNon-Exempt ShiftDay Work ScheduleMonday-Friday, 7:30-4

Position is responsible for administering directed agency trust and investment accounts such as Family Trusts, Personal Trusts, Non Profits, CRTs, Business Escrow, Insurance, Financial Institutions, RIA, Local Agency accounts and Trustee for Directed IRAs. Under general guidance, sets up directed agency trust and investment accounts where issues are routine and less complex in nature. Become familiar with governing document to interpret terms, responsibilities and duties of the Bank. Receive guidance in understanding provisions of the documents and strategies associated with the assigned accounts. Maintain contact with clients, investment advisors and brokers to discuss and advise on issues. Responsible for day to day activity; insure trade settlements for marketable securities and non standard assets, client inquiries and directives, money movements, etc are handled timely and properly. Maintain up-to-date knowledge of account activity by reviewing various reports. Ensure adherence to WMS's policies and procedures, regulatory compliance, overall profitability and retention of accounts assigned. Seek guidance on tax and trust issues.

Responsibilities

  • May administer directed agency trust and investment accounts such as Family Trusts, Personal Trusts, Non Profits, CRTs, Business Escrow, Insurance, Financial Institutions, RIA, Local Agency accounts and trustee of Directed IRAs for high net worth clients.
  • Set up directed agency trust and investment accounts where issues are routine and less complex in nature. Become familiar with governing document to interpret terms, responsibilities and duties of the Bank. Receive guidance in understanding provisions of the documents and strategies associated with the assigned accounts.
  • Work with assigned clients, investment advisors and brokers to discuss and advise on issues
  • Responsible for day to day activity; insure trade settlements for marketable securities and non standard assets , client inquiries and directives, money movements, etc are handled timely and properly. Maintain up-to-date knowledge of account activity by reviewing various reports.
  • Ensure adherence to WMS's policies and procedures, regulatory compliance, overall profitability and retention of accounts assigned. Seek guidance on tax and trust issues.
  • Maintains a proactive commitment to established Bank programs, such as Community Reinvestment Act (CRA) and Equal Employment Opportunity.

Requirements

  • *Minimum 3 years experience with Trust and Investment accounts required.
  • *Minimum 3 years experience in a financial services organization required.
  • *Minimum 3 years of administrative/clerical experience required.
Skills and Knowledge:
  • Strong written and verbal communications skills.
  • Ability to gather, arrange, compile, interpret, analyze, summarize and evaluate information and data to identify opportunities and formulate conclusions and recommended actions.
  • Ability to set priorities, and objectives.
  • Demonstrated excellent working knowledge of trust administration.

*Represents basic qualifications for the position. To be considered for this position you must at least meet the basic qualifications.

City National Bank is an Equal Opportunity Employer -- Minorities/Females/Individuals with Disabilities/Veterans.

Note: The Preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Note: Candidates should be advised that City National Bank does not pay interviewee travel expenses or relocation expenses for candidates who are hired unless previously agreed.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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  • Banking Operations/Back Office, Los Angeles, California, United StatesRemove