Client Solutions Trust Administrator - Private Wealth

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Job Description:

At Regions, the Client Solutions Trust Administrator – Private Wealth is responsible for serving as trustee and advisor to existing client relationships with Trusts, Individual Retirement Accounts, Natural Resources and Real Estate, and Charitable Trusts.

Primary Responsibilities

• Provides guidance and solutions for the development and on-going administration and maintenance of clients’ goals and objectives
• Keeps abreast of trends and developments in the trust industry to ensure prudent administration and investment management
• Understands unique, complex trust agreements and appropriately manages accounts in compliance with Regions’ capacity and legal and regulatory guidelines
• Determines the financial viability and associated risks of client business
• Understands multi-state specific trust statutes 
• Conducts initial administrative and compliance reviews for clients
• Supplies Portfolio Managers with documentation of non-standard asset reviews for Annual Investment reviews
• Provides support and documentation for the investment review exceptions clearance process
• Facilitates the non-discretionary distribution process
• Facilitates the discretionary distribution process with shared approval authority
• Prepares all discretionary action requests for working group reviews, including but not limited to, termination, non-standard asset acceptance and retention, trust modifications, and real estate improvements
• Supports fee set up and daily cash management
• Takes responsibility for ensuring all accounts comply with applicable internal procedures
• Acts as an expert in trust administration that may include tax minimization strategies, 65-day elections or modifications, 5 x 5 powers, and Charitable Trust distribution percentages
• Coordinates client service activities with other areas of the organization
• Demonstrates solid knowledge and understanding of Regions’ products and services, including retirement, investment management, and charitable giving
• Coordinates administrative functions with attorneys, co-trustees, investment advisors, and Certified Public Accountants (CPAs)
• Ensures client activity is appropriately documented in OneView
• Ensures appropriate management of trust account assets, with an awareness to future potential depletion
• May manage complex client relationships

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

Requirements

• Juris Doctor (JD), however this position will not be authorized to practice law on behalf of Regions Bank
• Or Master of Business Administration (MBA)
• Or Certified Public Accountant (CPA), Certified Trust and Fiduciary Advisor (CTFA), Certified Financial Planner (CFP), or Accredited Investment Fiduciary (AIF) and four (4) years of Trust Administration, Estate/Tax Law, Financial Planning, Investment or related experience
• Or Bachelor’s degree in a related field and one (1) year of Trust Administration, Estate/Tax Law, Financial Planning, Investment or related experience
• Or High School Diploma or GED and five (5) years of Trust Administration, Estate/Tax Law, Financial Planning, Investment or related experience

Preferences

• Advanced degree (e.g., Juris Doctorate (JD), Master of Laws (LLM), Certified Public Accountant (CPA), Master of Business Administration (MBA) or Master of Taxation)
• Professional Certification(s) to include Certified Trust and Fiduciary Advisor (CTFA), Certified Financial Planner (CFP), Accredited Investment Fiduciary (AIF), Certified Divorce Financial