Head of Trust

About the role

Lorum National Trust Bank is establishing a trust and fiduciary business and seeks a senior fiduciary officer to lead its development. The role involves building a trust function that meets OCC supervisory expectations from the outset and scaling it as the Bank grows.

Responsibilities

• Lead the Bank's trust and fiduciary program: acceptance and administration of fiduciary accounts, prudent-investor oversight, and periodic account review
• Own the control framework for custody and safekeeping of client assets, including key management and segregation between fiduciary and non-fiduciary custody
• Represent the Bank's fiduciary function to the OCC: licensing, examinations, information requests, and remediation
• Build and maintain the fiduciary policy suite, risk assessment framework, and conflicts-of-interest and self-dealing controls, consistent with 12 CFR Part 9
• Advisory on fiduciary and custody implications before launch; run account monitoring and issue remediation
• Report to the Board and senior management on fiduciary activity, risk, and exceptions
• Define the target operating model for the trust function and build the team as the Bank scales

Success in the first 3 to 12 months

• First 3 months: the trust and fiduciary function is stood up and operating as a real entity within the Bank
• 6 to 12 months: day-to-day operations are compliant, well-controlled, and meeting OCC and Board expectations, with a clear view forming on the team needed for scaling

Ideal Candidate

• Deep fiduciary expertise, with the flexibility to build something from scratch
• A track record in a senior fiduciary seat (Chief Trust Officer, Head of Trust, Senior Fiduciary Officer, senior trust counsel, or equivalent)
• Authoritative command of OCC supervisory expectations, 12 CFR Part 9, and fiduciary law, including the prudent-investor standard, custody and safekeeping, and conflicts of interest
• Experience designing or strengthening a trust or fiduciary function: policies, controls, risk assessments, account review, remediation
• Experience preparing fiduciary reporting for senior management and the Board
• Comfortable operating in a matrix, balancing Bank-level accountability with Group alignment
• High agency, low ego: ready to build in ambiguity, and to challenge the business when fiduciary duty is at stake

Nice to haves

• Experience with a de novo bank, national trust bank, state trust company, or custody bank
• Involvement in a bank charter application, licensing process, or pre-opening readiness program
• Direct engagement with the OCC or another federal banking regulator
• Familiarity with digital-asset custody, key management, or tokenized-asset and stablecoin operations
• Experience within a three-lines-of-defense governance model
• A relevant professional qualification (CTFA, CFTA, or a legal qualification)

Benefits

• Flexible vacation policy
• Private Healthcare
• Employee stock ownership (ESOP)
• Flexible working and autonomy
• Pay it forward days - 2 annual days to volunteer for a charitable cause
• Wellness days - 3 days every quarter to re-energize