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MUFG Union Bank Bank Trust & Fiduciary Attorney, Vice President, Counsel in San Francisco, California

Bank Trust & Fiduciary Attorney, Vice President, Counsel - 10043118-WD


Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020). In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Job Summary

MUFG Americas Legal Department seeks an experienced bank trust and fiduciary attorney to support the Investment Management and Trust Division (IM&T) of MUFG Union Bank, N.A. (Union Bank), which currently has offices in California, Oregon and Washington. The personal trust and fiduciary attorney will advise affected business units on a broad range of related fiduciary, regulatory and compliance activities, such as trust administration and litigation, probate issues, tax, real estate, special assets, investment management, trust operations and securities, custody, and environmental risk management.

Major Responsibilities:

The position will provide counsel for some or all of the following, depending on expertise:

  • New and existing IM&T products and services;

  • Administration of IM&T client accounts, including personal trusts, and their underlying investments, such as specialty assets, and charitable foundations;

  • Fiduciary activities and policies including fiduciary governance at a national bank;

  • Union Bank’s Risk and Compliance groups related to oversight of fiduciary activities;

  • Trust Operations;

  • Oversight of outside legal counsel on specific projects;

  • Implementation of changes to products, policies, and procedures so as to comply with the Internal Revenue Code, Office of the Comptroller of the Currency (OCC) Regulation 9, applicable states’ laws, fiduciary requirements, and other regulatory requirements;

  • Individual retirement accounts and their underlying investments, including, but not limited to specialty assets.

The position will support IM&T administrators and work with clients’ trust counsel in the following respects:

  • Advise regarding trust agreements and other estate planning and administration documents;

  • Advise regarding trust operations matters, such as securities transaction processing, regulatory reporting, class action claims and nominees;

  • Advise fiduciary officers regarding complex estate planning issues and trust and estate administration issues, including the exercise of discretionary powers and trust administration dispute resolution, including effectively monitoring and managing trust litigation;

  • Advise regarding broad regulatory requirements applicable to fiduciary activities, including Volcker, BSA/AML, GLBA, securities laws (particularly for trust operations) and other regulatory requirements;

  • Advise regarding the administration and taxation of charitable trusts and private foundations;

  • Advise regarding various probate proceedings including, conservatorships and probate estate;

  • Advise regarding estate, gift tax trust income tax issues;

  • Draft and advise regarding matters relating to IRA account administration, rollovers, required minimum distributions, disclosures and agreements;

  • Advise on fiduciary investment issues that involve the (i) Principal and Income Act, (ii) Prudent Investor Act, (iii) OCC Regulation 9, (iv) tax issues including under the Internal Revenue Code and state tax law with respect to general income, estate, gift and generation-skipping transfer tax and general familiarity with California property tax, (v) trust operations including securities transactions, (vi) asset administration including environmental and other real property issues, (vii) closely held business issues, (viii) promissory notes held in trust accounts (ix) mineral oil and gas interests and (x) trust and investment products and services generally.


  • Candidate must be a member of the California Bar or otherwise qualified to practice law in California as in-house counsel;

  • Minimum 6-10 years’ experience either as in-house trust counsel with a bank or trust company, or experience with a law firm with highly regarded trusts and estates practice, including trust administration;

  • Demonstrated ability to provide counsel and guidance on matters ranging from complex legal questions to routine day-to-day legal matters;

  • Excellent issue spotting, risk assessment and problem-solving skills;

  • Strong written and verbal communication and interpersonal skills;

  • Excellent organizational skills and attention to detail;

  • Flexibility and adaptability to changing priorities and deadlines and ability to manage multiple priorities;

  • Initiative, strategic thinker and sound judgment; with the ability to influence, interact with and advise senior executives, build trusted relationships with clients and colleagues, and deal constructively with conflict;

  • Strong work ethic, self-starter, comfortable in a fast-paced environment, reputation for timely transaction execution and practical business sound legal advice;

  • Knowledge and experience with Dynasty Trusts is helpful although not a requirement;

  • Knowledge and experience with individual retirement accounts or ERISA is helpful although not a requirement.

Consideration will be given to location at MUFG Americas Legal Department offices in San Francisco or Los Angeles.

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 : Legal

Primary Location : CALIFORNIA-Los Angeles

Other Locations : CALIFORNIA-San Francisco

Job Posting : Apr 29, 2021, 3:00:47 PM

Shift: : Day

Schedule: : Full Time

Req ID: 10043118-WD