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MUFG Union Bank Premier Trust Officer, Assistant Vice President in Los Angeles, California

Description

Are you passionate about creating an exceptional client experience?

Discover your opportunity with Union Bank, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we care about the details that matter most to our clients. We have our clients’ best interest in mind, drawing on more than 150 years of experience to understand their distinct needs and tailor our solutions. We’re part of 180,000 colleagues around the globe striving to be the world’s most trusted financial group. Trust starts with a culture of putting people first and empowering you to achieve your potential. Join Union Bank, where being inspired is expected and creating results is rewarded.

Premier Trust Officer, Assistant Vice President - Los Angeles, California

Job Summary:

Responsible for the administration of a wide range of trust accounts. The range of trust accounts will vary and will include some of the more complex accounts drawn from any one or more of the following categories: probate, guardianships, living and testamentary trusts, investment advisory and custody accounts, escrows and employee benefit trusts. This includes managing all accounts in accordance with applicable legal requirements and securing Bank and external professional services as appropriate to fulfill the special needs of trust clients.

Major Responsibilities:

Responsible for managing all the administrative and fiduciary functions of the Bank in each of the accounts assigned. The nature of these account responsibilities will vary according to the type and complexity of the account. The position is responsible for securing the following services on behalf of the account:

  1. Securities portfolio management.

  2. Real Estate portfolio management.

  3. General accounting services.

  4. Tax accounting and returns.

  5. Paying, receiving and safekeeping.

  6. General banking services.

  7. Special financial reports as required by law.

In addition, the coordination and provision of outside professional services may also be the position's responsibility. These include, but are not limited to:

  1. Legal counsel.

  2. Tax/financial planning and CPA services.

  3. Real property appraisal.

  4. Personal crisis/medical consultation.

  5. Retirement plan record keeping.

  6. Special asset appraisal, management and disposition including; closely held businesses, natural resource producing property, agricultural land, collectible personal property, limited partnerships and tax shelters.

Responsible for providing quality service to each account in the positions book of accounts through a thorough knowledge of the personality of each account. This includes maintaining on-going relationships with clients, beneficiaries, trustors and related professionals connected with those accounts. Responsible for administering all accounts according to applicable laws, regulations and policies and in accordance with trust documents to carry out the intent of the trust. Review, regularly, all the financial transactions in each account, and to review, monitor and ratify all cash payments and fee charges. Review all statements, reports, and accountings for each account in a timely manner and forward them to interested parties, as appropriate. Maintains communication with trust beneficiaries, providing such personal services as are needed and appropriate. Participates in the development of new business from outside sources and broadening the range of Bank services offered to each account and to foster new business through existing client relationships independently and in conjunction with other Bank officers.

Qualifications

  • Typically, has demonstrated trust administration experience and the demonstrated ability to apply this specific knowledge in the administration of one or more types of trusts and estates.

  • Typically has a demonstrated knowledge of the principles of trusts and estates, related taxation and financial planning practices and other specialized services applicable to the successful administration of a variety of accounts.

  • Required to maintain current knowledge of trust laws, principles and regulations in general, and regarding the specific nature of the accounts in the position's book of accounts.

The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Job: Wealth Management

Primary Location: CALIFORNIA-Los Angeles

Schedule Full Time

Shift Day

Req ID: 10033653-WD

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