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