Director of Delaware Trust
Wilmington, Delaware On-site
Salary not listedJobFig found this opening at its original source and checks that it remains available.
About the role
Mechanics Bank is currently searching for a Director of Delaware Trust to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site. The Director of Delaware Trust is responsible for the overseeing and management of sales activities and the cultivation of trust business. Must maintain a thorough knowledge of the various trust and tax laws and governing regulations in conjunction with Bank and Government/Agency policies. Responsible for staying abreast of all federal and state regulatory policy changes within the industry, make policy recommendations and manage the process for compliance with existing requirements/guidelines. Is responsible for quality control of business accepted as well as cultivating new business opportunities to sustain and increase profitability of the Bank's Trust and Investment portfolio.
What you'll bring
- 10 years of trust administrative experiences are required.
- 4 year college degree with preference of a JD degree.
- Through knowledge of Trust requirements including account transfer policies, practices, and procedures.
- Thorough knowledge of the features and benefits of special situs trusts, the differences between Delaware and other special situs, as well as the requirements and process for decanting trusts to Delaware.
- Strong knowledge of estate and tax planning techniques and their appropriate application.
- Extensive understanding of trust accounting systems.
- Knowledge of securities, real estate, LLCs, limited partnerships and other entities.
- Must be thoroughly familiar with and adhere to all applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.)
- Must have experience supervising trust personnel, including coaching development, counselling, team building and motivational/inspirational leadership experience.
- Proven track record of business development success.
- Exceptional communication skills.
- Must be knowledgeable of all Bank policies and procedures