AVP/VP, Trust Operations (Title DOE)
Wealth Management / RIA Firm
In-office role: Houston, TX
Compensation: $80K to $100K 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 Operatio
ns• Utilize the GWES trust accounting system to deliver quality services to clien
ts• Process cash transactions in the syst
em• Open and fund new accoun
ts• Close terminating accoun
ts• Print and mail checks dai
ly• Prepare daily net settlement reports of receipts and disbursements and submit settlement according
ly• Set up new clients for online access to the client port
al• Scan daily batch work for the Trust Operations te
am• Monitor and disburse incoming fax
es• Assist in maintaining trust operations policies and procedur
es• Prepare vault files for assets held in the company vau
lt• Reconcile vault inventory with system holdings da
ta• Assist with special projects as assign
ed
Key Accountabilities of the AVP, Trust Operati
ons• Understand and comply with the company’s policies and procedu
res• Understand and comply with the Bank Secrecy Act and Know Your Customer (KYC) procedu
res• Develop and maintain an understanding of fiduciary tax laws and the Texas Trust C
ode• Follow up with internal teams and other constituents to ensure the outcome of tasks is as inten
ded• Collaborate across teams to support the highest level of service to clie
nts• Maintain discretion and confidentiality of financial and personal information, both internally and externa
lly
Qualifications of the AVP/VP, Trust Operat
ions• Bachelor's Degree in finance or accounting and/or equivalent experience in a related f
ield• 2 to 10 years of trust operations experi
ence• 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, e
tc.)• Highly professional with a strong orientation toward client ser
vice• Strong written and verbal communication sk
ills• Ability to implement creative solutions to unique or challenging problems ; "Outside the Box" Thi
nker• Team player with a positive atti
tude• Strong independent judgment, problem-solving, and decision-making abili
ties• Demonstrated organizational skills with the ability to multitask and priori
tize• Self-starter with strong initia
tive
What Our Client O
ffers• Competitive compensation with discretionary annual bonus based on perfor
mance• Long-term incentive program including employee tracking stock grants that vest over five years and provide dividend participation during the vesting p
eriod• Comprehensive benefits including medical, dental, and vision insurance, with the company covering a significant portion of employee cov
erage• 401(k) plan with company contribution based on total cash compensation after one year of se
rvice• 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 contribu
tions• 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 develo