AVP/VP, Trust Operations

AVP/VP, Trust Operations (Title DOE)

Wealth Management / RIA Firm

In-office role: Houston, TX

Compensation: $70K to $95K DOE plus bonus plus long term incentives

Our client is a large, privately owned trust company with long roots in Texas and a history of sound fiduciary asset management for high-net-worth individuals and multi-generational families. Collaborative culture with a genuine passion for what they do and a strong commitment to delivering an exceptional client experience.

The company seeks an Assistant Vice President or Vice President to join its 11-person Trust Operations and Middle Office team. The AVP/VP is a key member of the team and assists with daily cash processing and settlement. Trust Operations is responsible for updating and approving changes to the company’s trust accounting system, Global WealthES (GWES), based on authorized requests from the Trust Administration and Investments teams. Candidates should have a background in accounting, balancing, and reconciliation.

Primary Responsibilities of the AVP, Trust Operations

• Utilize the GWES trust accounting system to deliver quality services to clients

• Process cash transactions in the system

• Open and fund new accounts

• Close terminating accounts

• Print and mail checks daily

• Prepare daily net settlement reports of receipts and disbursements and submit settlement accordingly

• Set up new clients for online access to the client portal

• Scan daily batch work for the Trust Operations team

• Monitor and disburse incoming faxes

• Assist in maintaining trust operations policies and procedures

• Prepare vault files for assets held in the company vault

• Reconcile vault inventory with system holdings data

• Assist with special projects as assigned

Key Accountabilities of the AVP, Trust Operations

• Understand and comply with the company’s policies and procedures

• Understand and comply with the Bank Secrecy Act and Know Your Customer (KYC) procedures

• Develop and maintain an understanding of fiduciary tax laws and the Texas Trust Code

• Follow up with internal teams and other constituents to ensure the outcome of tasks is as intended

• Collaborate across teams to support the highest level of service to clients

• Maintain discretion and confidentiality of financial and personal information, both internally and externally

Qualifications of the AVP/VP, Trust Operations

• Bachelor's Degree in finance or accounting and/or equivalent experience in a related field

• 2 to 10 years of trust operations experience

• Experience with a trust accounting system and a willingness to acquire working knowledge of the GWES trust accounting system and other technology platforms; experience working with GWES is a big plus

• Proficiency in Microsoft Office products (Word, Excel, Outlook, etc.)

• Highly professional with a strong orientation toward client service

• Strong written and verbal communication skills

• Ability to implement creative solutions to unique or challenging problems ; "Outside the Box" Thinker

• Team player with a positive attitude

• Strong independent judgment, problem-solving, and decision-making abilities

• Demonstrated organizational skills with the ability to multitask and prioritize

• Self-starter with strong initiative

What Our Client Offers

• Competitive compensation with discretionary annual bonus based on performance

• Long-term incentive program including employee tracking stock grants that vest over five years and provide dividend participation during the vesting period

• Comprehensive benefits including medical, dental, and vision insurance, with the company covering a significant portion of employee coverage

• 401(k) plan with company contribution based on total cash compensation after one year of service

• Generous vacation policy based on title and tenure, beginning at approximately three weeks for an AVP, plus sick leave

• Long-term disability and life insurance coverage with company contributions

• Free parking at the office location and access to the building fitness center with optional training amazing sessions during the work week

• And last but certainty not least...Opportunity to work within an amazing team and join a highly respected organization known for its long-tenured team, collaborative culture, and commitment to professional development