Jobs · Management · South Dakota

Director of Trust Administration

BitGo · Sioux Falls, SD · 2 wk ago
ManagementFull-time

Responsibilities

  • Oversee all trust administration operations, ensuring efficient, accurate, and compliant delivery of custody and fiduciary services
  • Lead and develop a team of trust officers, establishing performance standards, professional development programs, and succession planning
  • Design and implement operational workflows, policies, and procedures that scale with business growth while maintaining regulatory compliance
  • Establish and monitor key performance indicators for trust operations, driving continuous improvement in service delivery
  • Collaborate with technology, legal, and compliance teams to enhance operational capabilities and client experience

Fiduciary Officer Responsibilities

  • Serve as a designated fiduciary officer in accordance with OCC requirements and trust company charter
  • Exercise fiduciary authority and responsibility for client accounts, ensuring adherence to trust agreements and applicable laws
  • Review and approve account openings, transactions, and material decisions requiring fiduciary discretion
  • Maintain current knowledge of fiduciary duties, regulatory requirements, and industry best practices
  • Participate in fiduciary committee meetings and decision-making processes

Regulatory Compliance & Risk Management

  • Ensure trust operations comply with all applicable federal and state regulations, including OCC guidance for trust activities
  • Partner with Compliance and Legal teams to implement regulatory changes and maintain examination readiness
  • Oversee internal controls, audit responses, and remediation efforts related to trust administration
  • Identify, assess, and mitigate operational and fiduciary risks within the trust function
  • Maintain comprehensive documentation and record keeping in accordance with regulatory requirements

Strategic Leadership

  • Contribute to the development and execution of strategic initiatives for the trust company
  • Partner with business development teams to support client onboarding and service expansion
  • Represent the trust company in client meetings, audits, regulatory examinations, and industry forums
  • Stay informed of digital asset industry developments, custody innovations, and evolving regulatory landscape
  • Build relationships with regulators, industry peers, and professional organizations

Qualifications

  • Bachelor's degree in Business, Finance, Law, or related field; advanced degree or professional certifications (CTFA, CFP, JD) strongly preferred
  • Minimum 7 years of experience in trust administration, with at least 3 years in a leadership capacity
  • Proven experience serving as a fiduciary officer in a regulated trust company, bank trust department, or similar institution
  • Deep knowledge of trust law, fiduciary principles, and regulatory requirements (OCC, state trust regulations)
  • Demonstrated success building and leading high-performing teams in a regulated environment
  • Strong understanding of custody operations, asset servicing, and client relationship management
  • Excellent judgment, integrity, and commitment to fiduciary standards

Preferred

  • Experience with digital asset custody, blockchain technology, or cryptocurrency ecosystems
  • Background working with OCC-regulated institutions or state-chartered trust companies
  • Familiarity with institutional client servicing and complex custody arrangements
  • Experience implementing technology solutions to enhance trust operations
  • Professional network within the trust and custody industry

Benefits

  • Competitive base salary, bonus, and stock options
  • 100% company-paid health insurance for employee, spouse/partner, and children (medical, vision, dental, life, FSA, HSA)
  • 401k company match up to 5%
  • Computer equipment and workplace furniture to suit your needs
  • Generous paid time off
  • Great colleagues and inspiring startup environment

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