EVP, Chief Trust Officer

About the role

We are seeking an accomplished Chief Trust Officer to lead and grow Devon Bank's Trust Department. This executive will drive strategic business development, expand trust and wealth management relationships, and ensure exceptional client service while maintaining the highest standards of fiduciary oversight and regulatory compliance.

Responsibilities

• Direct supervision of all department personnel
• Fully responsible and accountable for the performance of the Trust team, including risk management, compliance, and service delivery
• Oversee administration of Trust, Guardianships, Estate Settlements, IRA, and Investment Management relationships
• Supervise and manage operations
• Participate in and manage new business development and marketing
• Act as Chief Investment Officer, collaborating with trust investment committee, outside investment professionals, and researchers
• Prepare annual budget and ensure the profitability of the department
• Negotiate and execute trust contracts with the approval of the Trust Committee
• Maintain and update department policies and procedures
• Partner across the enterprise with all other profit centers to deliver a high level of sales and service to relationship managers and their clients
• Develop, acquire, and maintain relationships with key clients with comprehensive financial services needs
• Responsible for the overall results of the team, including client service, fiduciary responsibility, and team member development
• Maintain high visibility within the banking and legal community
• Serve as subject matter expert on fiduciary administration, including governing instrument interpretation, adherence to fiduciary principles and applicable laws, and the application of prudent investing standards
• Continuously support internal colleagues in all aspects of trust account administration
• Act as the dedicated fiduciary trust officer for a high-level book of fiduciary relationships, including trusts, guardianships, and descendant’s estates
• Review all new account documentation and approve prior to account opening
• Oversee fiduciary tax preparation for trust relationships and descendant’s estates, plus personal tax preparation for guardianships
• Other duties as assigned

Requirements

• 15+ years of Trust experience, including 10 years of management
• A history of delivering top-notch client services as well as internal fiduciary guidance and expertise
• Must provide management oversight in all areas of Trust, principally with compliance and regulations specific to trusts, guardianships, and estates
• Advanced business degree or law degree required
• Completion of Trust School, including compliance training
• Thorough understanding of trusts, guardianships, fiduciary standards, and estate administration
• Ability to build relationships with team members and other profit centers
• Comprehensive knowledge of all trust administrative and operational functions
• Proficient and adept as wealth/investment manager with knowledge of financial planning
• Working knowledge of income tax, both fiduciary and personal
• Entrepreneurial skills – ability to form and build relationships with centers of influence, including attorneys and accounting firms
• Demonstrated ability to be a strong leader, coach, and motivator

Benefits

• UnitedHealthcare (UHC) Medical coverage
• Dental and Vision coverage through Guardian
• Employer-paid Life Insurance, plus Short- and Long-Term Disability
• 401(k) with employer match
• Voluntary, employee-paid options such as legal coverage, accident insurance, pet insurance, and more

Pay

The base pay for this role is $185,000 to $205,000 based on experience.