• Philanthropic Solutions Trust Support…

    Regions Bank (Birmingham, AL)


    Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

     

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    Job Description:

    At Regions, the Philanthropic Solutions (PS) Trust Support Administrator oversees the administration of accounts in Philanthropic Solutions, including Individually Managed Accounts (IMA), custody, and trust accounts, ensuring account administration follows the fiduciary program and procedures, and develop structures designed to achieve those objectives.

    Primary Responsibilities

    + Provides fiduciary review of all documentation, including governing documents for Wealth Management accounts

    + Partners with PS leadership, acting as subject matter expert in fiduciary trust or nonprofit accounts to the field

    + Works closely with the PS Advisors to provide coaching and training on systems, policies and procedures, and regulatory requirements

    + Supports and may conduct Annual Administrative and Compliance Reviews for clients in conjunction with the assigned Advisor

    + Supports and may supply Portfolio Managers with documentation of non-standard asset reviews for Annual Investment reviews

    + Leads the investment review exceptions process

    + Leads the administrative review exceptions process

    + Remains abreast with industry trends to ensure prudent administration and investment management

    + Oversees the account opening process for all new PS business

    + Facilitates the non-discretionary distribution process, communicating with Relationship Teams when necessary

    + Facilitates the discretionary distribution and action process

    + Provides oversight of Required Distributions

    + Manages tax coordination

    + Supports PS Advisor retention and expansion of trust and investment management clients

    + Takes responsibility for ensuring all accounts comply with applicable internal programs and procedures

    + Maintains strong investment management knowledge, beyond traditional asset allocation

    + Oversees risk-related projects and follow up items from Wealth Management Risk and Compliance

    + May provide support for specific PS products including vendor management

     

    This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

    Requirements

    + Bachelor’s degree in related field

    + Five (5) years of Trust Administration, Estate/Tax Law, Financial Planning, or related experience

    Preferences

    + Juris Doctorate (JD), Master of Laws (LLM/Estates), or Master of Business Administration (MBA)

    + Certified Public Accountant (CPA), Certified Trust and Fiduciary Advisor (CTFA), Certified Financial Planner (CFP), or Accredited Investment Fiduciary

    Skills and Competencies

    + Ability to create successful partnerships with Trust Advisors and other key team members

    + Ability to learn additional systems as needed

    + Ability to research, analyze data, and derive facts

    + Ability to work under pressure and meet deadlines

    + Advanced problem analytical and problem-solving skills including attention to detail

    + Advanced verbal, written communication, and organizational skills

    + Advanced knowledge of risk management and fiduciary principles and processes

    + Advanced knowledge of trust principles and regulatory and tax matters relating to the administration of trust accounts

    + Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

    + Strong record-keeping skills

    + Strong work ethic and self-motivation

    Position Type

    Full time

     

    Compensation Details

     

    Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

     

    The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

    Job Range Target:

    _Minimum:_

     

    $73,493.81 USD

     

    _Median:_

     

    $98,733.50 USD

    Incentive Pay Plans:

    Benefits Information

     

    Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. (https://www.regions.com/about-regions/benefits/benefits-eligibility) Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

     

    + Paid Vacation/Sick Time

    + 401K with Company Match

    + Medical, Dental and Vision Benefits

    + Disability Benefits

    + Health Savings Account

    + Flexible Spending Account

    + Life Insurance

    + Parental Leave

    + Employee Assistance Program

    + Associate Volunteer Program

     

    Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

     

    https://www.regions.com/welcometour/benefits.rf

     

    Location Details

     

    Regions Center

    Location:

    Birmingham, Alabama

     

    Equal Opportunity Employer/including Disabled/Veterans

     

    Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.