Trust Company President
A well-established and forward-thinking trust company is seeking a strategic and experienced executive to serve as its next President. This individual will be responsible for leading the organization's overall operations, regulatory compliance, client service delivery, and long-term growth strategy
Job Responsibilities:
- Lead expansion and provide strategic leadership for the company, manage a team of experienced trust officers and administrative teams
- Manage client life insurance trusts with affiliate companies
- Serve as primary regulatory contact with the South Dakota Division of Banking
- Prepare for regulatory exams, audits and ongoing compliance reporting
- Lead internal compliance efforts, including BSA/AML programs and risk management frameworks.
- Review documents for legal and fiduciary compliance relating to various types of trusts
- Draft Non-Judicial Settlement Agreements along with other fiduciary documents
- Uphold risk management and internal audit framework
- Safeguard client assets, and company operations by implementing necessary controls and operational risk assessments
- Participate in board and audit committee meetings, contributing to governance and oversight.
- Ability to be in office at least 3 days a week
Qualifications:
- 8+ years of leadership experience in the trust or fiduciary services industry.
- Bachelor's Degree in Accounting, Finance or Business
- Advanced degrees preferred
- Ability to review and interpret trust documents
- Familiarity with life insurance products and their integration into trust planning, a plus
- Proven ability to manage regulatory relationships and lead compliance initiatives.
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