What are the responsibilities and job description for the Trust Fiduciary Officer position at Stifel?
Why Stifel:
Let’s talk about how you can find your place here at Stifel, where success meets success.
What You'll Be Doing:
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel’s bank and trust companies are equal opportunity employers. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law. If you would like more information regarding Equal Employment Opportunity rights and protections, please review the following information: Know Your Rights.
Stifel is an Equal Opportunity Employer.
Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.
Let’s talk about how you can find your place here at Stifel, where success meets success.
The Fiduciary Officer supports the acceptance of accounts and provides legal support to the Marketing Department, Administration Department, Investment Department and management of Stifel Trust Companies {STC}. In coordination with Senior Trust Officers, this position will have responsibility for STC regulatory issues. The Fiduciary Officer will provide complex legal advice concerning trust matters.
What We're Looking For:
- Review, understand and interpret language in contracts that involve STC while limiting fiduciary, regulatory and legal risks.
- Review client accounts for any issues prior to acceptance.
- Participate in intake functions, triage incoming and pending matters, verify the identity of customers and control persons, and complete BSA/AML risk ratings.
- Review real estate transactions for current fiduciary accounts.
- Interprets laws, rulings and regulations involving Stifel Trust business.
- Provide legal support for Marketing, Administration, Investments, and management of STC.
- Maintain state law summaries and beneficiary notification requirements.
- Oversee litigation involving STC, coordinating with Stifel's Legal department and Chief Fiduciary Officer.
- Coordinate response to subpoenas.
- Advise financial advisors on complex client trust matters.
- Perform ongoing research to ensure compliance with applicable fiduciary state and federal statutes and regulations
- Solid knowledge of trust administration principles.
- Advanced knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, and agency rules. Effective communication skills and able to relay information well in both written and verbal form.
- Strong knowledge of the financial service industry including Federal and State chartered banks, trust companies and securities broker/dealers.
- Strong knowledge of the products and services available in the investment industry as well as the methods, processes and staff of Stifel.
- Solid and reliable mathematical skills.
- Ability to use logic and reasoning to identify complex problems; review related information and develop options and implement solutions.
- Minimum Required: Juris Doctor degree
- Minimum Required: 3 years' working with fiduciary accounts
- Proficient in Microsoft Excel, Word, Outlook
Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel’s bank and trust companies are equal opportunity employers. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law. If you would like more information regarding Equal Employment Opportunity rights and protections, please review the following information: Know Your Rights.
Stifel is an Equal Opportunity Employer.
