Estate/Trust Officer
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Job Overview:
Under supervision of a Fiduciary Services Head, serve as an Estate and Trust Officer and being a resource on Estate administration and related matters for colleagues within Citi Trust and the CPB
Estate Administration: direct administration responsibility for ongoing Estate accounts of UNHW individuals. Position requires extensive interaction with lawyers, accountants and other family advisors. In addition this position entails serving as a resource to colleagues within Citi Trust and the CPB on estate administration and related matters.
Comprehensive administration of an existing book of agency and trust accounts- types of accounts include revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, various types of charitable trusts, and agency accounts, both discretionary and directed
Assess the client's overall estate and tax planning needs: including the knowledge and skill to review legal and trust documentation and have an understanding of the provisions in order to effectively assist the client and their advisors in achieving specific trust and estate objectives.
Compliance with legal requirements and internal procedures in relation to account activity including identification and reporting to our Senior Risk Committee and management of the risk of financial loss and/or damage to Citi's reputation arising from the activities within the Citi Trust businesses
Management of new account opening: including review of the legal document and all accompanying paperwork along with the Fiduciary Solutions Group and the Wealth Planners, Private Bankers, and Investment Counselors;
Communicate effectively with the client and/or the client's attorney on all trust and estate matters and attending in person client meetings and investment reviews; interact with and establish a working relationship with the Private Banking and Investment team in regard to the trust and overall client relationship including timely and accurate responses to inquiries.
Oversight and management of Assistant Trust Officers in all their duties; participation in internal and external training opportunities for ongoing professional development; drafting of policies and procedures as assigned by management and additional projects as requested; maintain a local presence in the trust and estate professional community.
Bachelor's degree in finance or related field required. MBA or JD desired.
A minimum of five years of estate management and administration experience. .
CFTA preferred.
Solid knowledge of investment concepts and products and prior experience working with alternative assets is a plus.
Strong knowledge and proven technical proficiency in legal and tax issues relative to trust and / or estate management and administration.
Experience with Fiduciary Income Tax preferred.
Proven strong communication skills are required such to interact effectively with clients and / or their attorneys as well as private bankers and investment counselors.
Proven project management and strategic planning skills.
Proficiency in Microsoft Office applications is required.
Proven presentation skills.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Job Overview:
Under supervision of a Fiduciary Services Head, serve as an Estate and Trust Officer and being a resource on Estate administration and related matters for colleagues within Citi Trust and the CPB
Estate Administration: direct administration responsibility for ongoing Estate accounts of UNHW individuals. Position requires extensive interaction with lawyers, accountants and other family advisors. In addition this position entails serving as a resource to colleagues within Citi Trust and the CPB on estate administration and related matters.
Comprehensive administration of an existing book of agency and trust accounts- types of accounts include revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, various types of charitable trusts, and agency accounts, both discretionary and directed
Assess the client's overall estate and tax planning needs: including the knowledge and skill to review legal and trust documentation and have an understanding of the provisions in order to effectively assist the client and their advisors in achieving specific trust and estate objectives.
Compliance with legal requirements and internal procedures in relation to account activity including identification and reporting to our Senior Risk Committee and management of the risk of financial loss and/or damage to Citi's reputation arising from the activities within the Citi Trust businesses
Management of new account opening: including review of the legal document and all accompanying paperwork along with the Fiduciary Solutions Group and the Wealth Planners, Private Bankers, and Investment Counselors;
Communicate effectively with the client and/or the client's attorney on all trust and estate matters and attending in person client meetings and investment reviews; interact with and establish a working relationship with the Private Banking and Investment team in regard to the trust and overall client relationship including timely and accurate responses to inquiries.
Oversight and management of Assistant Trust Officers in all their duties; participation in internal and external training opportunities for ongoing professional development; drafting of policies and procedures as assigned by management and additional projects as requested; maintain a local presence in the trust and estate professional community.
Bachelor's degree in finance or related field required. MBA or JD desired.
A minimum of five years of estate management and administration experience. .
CFTA preferred.
Solid knowledge of investment concepts and products and prior experience working with alternative assets is a plus.
Strong knowledge and proven technical proficiency in legal and tax issues relative to trust and / or estate management and administration.
Experience with Fiduciary Income Tax preferred.
Proven strong communication skills are required such to interact effectively with clients and / or their attorneys as well as private bankers and investment counselors.
Proven project management and strategic planning skills.
Proficiency in Microsoft Office applications is required.
Proven presentation skills.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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