Fiduciary Officer - Wealth Management

At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. Bank of the West is now part of the BMO family, a leading North American bank with a 200+ year history of success. BMO offers abroad range of financial services to help customers achieve real financial progress and shares Bank of the West’s commitment in driving positive change for a thriving economy, a sustainable future, and an inclusive society.

Job Description Summary

Responsible for fiduciary and client relationship management of individual Wealth Management accounts, including those where the Bank serves as Trustee, Executor or Agent and accounts under various forms of agreement, including agency, foundation, charitable, revocable, and irrevocable trust accounts. Has responsibility for proactive client service, account growth, client retention, risk management, and overall administration of assigned book of business.

Essential Job Functions

• Manages assigned accounts in accordance with the terms specified in the governing instruments, and maintains proactive client servicing and communication relative to the account administration.
• Consults with clients on a periodic basis to review the client’s financial and estate planning goals and objectives.
• Researches and recommends appropriate courses of action on non-routine fiduciary matters to senior management and/ or applicable governing Committees.
• Participates in the development of new business with existing or prospective clients and participates in the overall Wealth Management sales process with other team partners.
• Maintains a continuous study of wealth management industry developments, including those related to estate and fiduciary planning, charitable planning, and tax planning.
• Ensures all day-to-day activities within the Global Investment and Fiduciary Solutions group are in accordance with Bank of the West policies, procedures, and ethics, as well as, external regulations and laws.
• Participates in local community and business functions/ groups to cultivate a positive professional image for Wealth Management and the Bank (e.g. Bar Associations, Regional Estate or other wealth and fiduciary related groups).
• Recommends to the Regional Trust Administrative Committee the appropriate course of action on non-routine matters.Participates in the development of new business from existing or prospective customers and cross-selling opportunities within the bank.

Other Job Duties

• Performs other duties as assigned.

Required Experience

• Requires advanced knowledge of job area typically obtained through advanced education combined with experience.
• May have practical knowledge of project management.
• Requires 5 years minimum prior relevant experience.

Education

• Bachelor's Degree

Skills

• Strong working knowledge of estates, trusts, agency accounts, and charitable accounts including legal, regulatory, financial and tax issues.
• Understands financial planning concepts, including trust/estate planning, tax planning, investments, and insurance. Strong understanding of fiduciary risks and related fiduciary issues.
• Bank product and service knowledge.
• Demonstrated strong analytical and research, organizational, negotiation and presentation skills.
• Demonstrated strong written and verbal communication skills.
• Works well in a team environment.
• Ability to use personal computer with knowledge of MS Software (Word, Excel, PowerPoint), familiarity with relevant industry technology.

Annual Hiring Range:

$70,000 to $88,000

The base salary opportunity can vary based on candidate’s geographic location, experience, knowledge, skills, and abilities. In addition to base salary, this position is eligible for quarterly incentives.

To protect the health and safety of our employees and customers, Bank of the West may require all U.S. employees to provide proof of their vaccination status, and employees who are not fully vaccinated may be required to undergo regular testing.

Benefits: Visit https://www.bankofthewest.com/about-us/careers/benefits.html for benefits information.

Equal Employment Opportunity Policy

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.

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