Trust Officer

Cetera Trust Company (CTC) is an affiliate of Cetera Financial Group, a premier wealth advisory organization specializing in providing personalized investment management services. A key component of this role is developing strong working relationships with the financial professionals who partner with Cetera Trust to service their mutual clients and stakeholders. We are currently seeking to add an experienced Trust Officer to our growing team.

The Trust Officer (TO) fulfills the administrative duties and responsibilities for assigned accounts while delivering professional, personalized service.  Additionally, the Trust Officer is responsible for managing relationships with clients, beneficiaries, financial advisors, centers of influence, and other Cetera associates. Success is defined primarily through maintaining the highest levels of client service and competent trust administration according to the trust documents, best practices, and applicable laws and regulations. There is a secondary focus on client acquisition, retention, and growing the overall business. This position will be based out of our St. Paul, MN office.

What you will do:

• Develop and strengthen personalized, professional relationships with CTC clients and financial advisors.
• Administer trust accounts according to trust documents and relevant state and federal law. This includes buying and selling investments and real assets and directing the process for distributions, including those deemed discretionary, to beneficiaries.
• Review and facilitate new business development.  Obtain information necessary to analyze factors to establish accounts, request due diligence of assets, and be familiar with the authorized parties to make a recommendation to accept. Participate in new client or financial advisor meetings during the new business process.
• Onboard new accounts by establishing personal relationships, performing initial account reviews, and creating the account synoptic record.
• Work closely with the CTC new business development team on individual cases and broader product strategies.
• Deliver excellent client experiences in partnership with the portfolio management, trust administration, new business, operations, and compliance teams.
• Oversee activities of tax accounting regarding individual and fiduciary tax planning and tax return preparation, e.g. 1040/M-1, 1041/M-2, 706/MN-706, 990 and 990-PF returns in timely compliance with applicable laws.
Participate in the development and launch of new products and platforms such as Delegated Trust option.

What you will have:

• A Trust Officer should have achieved the CTFA (Certified Trust and Fiduciary Advisor designation from the American Bankers Association) or be able to achieve the certification within 6 months of hire.
• Strong organizational skills, attention to detail, and analytical abilities.
• Effective problem-solving and decision-making abilities while working independently and as part of a team.
• Investment and securities knowledge of stocks, bonds, and mutual funds.
• Experienced in the Microsoft Suite of applications: Excel, Word, Outlook, SharePoint, and Access.
• Knowledge of trust reporting software such as SEI SWP, SAP Business Objects, other trust accounting systems, and trading platforms.
Customer service skills to maintain positive client and inter-department relationships.

#LI-Hybrid

What we give you in return:

Not many teams can say that they support people’s dreams coming to life… We happen to do that every day. And as important as we know your career is, we recognize that there’s a whole lot more to life. To ensure that our Employees can make the most of their time outside of working hours, we offer a competitive salary and for full-time roles, a benefits package including:

• Inclusive health, dental, vision and life insurance plans built to support diverse lifestyles, offer preventative care, and protect against hardship
• Easy access to mental health benefits to meet our team members and their families where they are
• 20+ days of paid time off (PTO), paid holidays, and 2 days of paid volunteer time off (VTO) to give our employees the time they need to stay close with their loved ones, recharge, and give back to their communities
• 401(k) Savings plan with a generous company contribution (up to 5%), and access to a financial professional to offer our employees the opportunity to plan-ahead for a strong financial future well beyond their working years
• Paid parental leave to support all team members with birth, adoption, and foster
• Health Savings and Flexible Spending Account options to help you save money on healthcare, daycare, commuting, and more
• Employee Assistance Program (EAP), LifeLock, Pet Insurance and more

About Cetera Financial Group:

Cetera Financial Group ® ("Cetera") is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera is an independent financial advisor network and a leading provider of retail services to the investment programs of banks and credit unions.

Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support and innovative technology.

" Cetera Financial Group " refers to the network of retail independent broker-dealers encompassing, among others, Cetera Advisors , Cetera Advisor Networks , Cetera Financial Institutions, Cetera Financial Specialists , and First Allied Securities .

Cetera Financial Group is committed to providing an equal employment opportunity for all applicants and employees. For us, this is the only acceptable way to do business. Accordingly, all employment decisions at the Cetera Financial Group, including those relating to hiring, promotion, transfers, benefits, compensation, and placement, will be made without regard to race, color, ancestry, national origin, citizenship, age, physical and/or mental disability, medical condition, pregnancy, genetic characteristics, religion, religious dress and/or grooming, gender, gender identity, gender expression, sexual orientation, marital status, U.S. military status, political affiliation, or any other class protected by state and/or federal law.

Agencies please note : this recruitment assignment is being managed directly by Cetera’s Talent Acquisition team. We will reach out to our preferred agency partners in the rare instance we require additional talent options. Your respect for this process is appreciated.

Please review our Workforce Privacy Policy for further details on what information we collect and the purposes for collection.