The Wealth Management & Trust Counsel acts as “in house” legal counsel to the Private Client and Institutional Trust and Wealth Management business lines. Primary resource for legal documentation and legal instruments, risk management, and regulatory compliance. Also coordinates usage of outside counsel for Trust, WM, and ERISA related issues. Provides business line and industry perspectives, best practices, etc. as needed or requested to assist department and business line managers.
Primary Functions and/or Responsibilities:
Responsible for overall risk management and risk mitigation policies and processes for all Trust and Wealth Management business lines.
Account acceptance processes.
Review and administration processes for ongoing relationships.
Trust Policy Manual.
Legal/regulatory aspects of marketing.
Act as in house legal counsel for Private Client and Institutional Trust and Wealth Management business lines.
Review/drafting of contracts and legal instruments:
Coordinate activities/usage of outside counsel (in coordination with Bank General Counsel as needed).
Active involvement in actual and potential contested/adversarial issues involving Trust and Wealth Management business lines.
Technical resource for specific business line questions/issues.
Coordinate regulatory compliance activities for Trust and Wealth Management, including Trust Compliance Committee/Compliance Management Committee and related subcommittees.
Liaison with Bank Compliance, Audit and RIA compliance staff.
Liaison with Federal and state regulatory authorities.
Act as resource/counsel to senior management with respect to fiduciary/risk/legal aspects of strategic planning and WM & Trust business line initiatives.
Education and/or Experience:
JD from an accredited law school and active Iowa license to practice law.
Minimum 10 years experience in legal aspects of trusts and estates, taxation and securities. ERISA experience a bonus.
Strong knowledge of trust administration desirable
Significant experience with fiduciary regulatory matters in the bank trust environment
Knowledge of South Dakota situs trust statutes and rules
Specific Skills, Knowledge & Abilities:
Investigative and legal research proficiency.
Strong initiative as well as excellent management, teamwork, delegation, and problem-solving skills.
Ability to deal with management at all levels.
Self-motivated with an ability to work independently and manage multiple projects/priorities in a fast-paced environment
Strong technical and analytical skills with respect to trust administration, trust & estate planning and taxation, investment management, and trust regulatory matters.
Strong work ethic with attention to detail will be essential, along with a high degree of professional ethics and integrity.
Internal Number: 19130
About Bankers Trust
For more than 100 years, Bankers Trust has been a leading financial institution for commercial and consumer banking services. Headquartered in Des Moines, Iowa, Bankers Trust is the largest privately held financial institution in the state, and employs 565 people across the country. With offices in Ames and Cedar Rapids, Iowa; Omaha, Nebraska; Sioux Falls, South Dakota; and Phoenix, Arizona; Bankers Trust offers our customers outstanding service and innovative financial solutions, including a tremendous selection of products and services.