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Settlement Officer III

Providence, Rhode Island;

Job Description:

An immediate replacement is necessary due to the continued high volume of matters assigned to Trust Settlement Services.  Settlement Officers are responsible for (1) becoming the point of contact for clients and COIs and ensuring client and COI delight during the transitional phase associated with a terminated trust, thereby maximizing the likelihood of asset retention and prospect referrals, (2) reducing risk to the Bank by the timely and accurate interpretation and implementation of provisions in governing instruments that relate to the disposition of trust assets and (3) managing risk to the bank by initiating, coordinating and obtaining an adequate and appropriate release from liability.  

Qualifications/Desired Skills:  

Accountable for managing and settling the larger, more complex estate and/or terminating trusts that require a higher level of technical expertise and knowledge. Assigns tasks to the Specialized Fiduciary Settlement Administrators, monitors progress and approves completed work. Will be responsible for coaching, developing, and mentoring assistants and junior level officers within the Settlement team. Builds and maintains relationships with external business partners (Attorneys, CPAs, and Fiduciary Accountants), and coordinates communication with internal support partners (Tax, Compliance, SAM, ART), to ensure accurate, timely and efficient administration, and to manage business risk. Participates in sales calls as needed, offering Settlement expertise. Maintains high quality communications with beneficiaries, with focus on client satisfaction and asset retention. Acts as a technical resource to colleagues within and outside of Trust Settlement team. BS/BA required. Advanced degree or professional designation a plus. Non-licensed associate.                                                                                                                                                                                                      

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

An immediate replacement is necessary due to the continued high volume of matters assigned to Trust Settlement Services.  Settlement Officers are responsible for (1) becoming the point of contact for clients and COIs and ensuring client and COI delight during the transitional phase associated with a terminated trust, thereby maximizing the likelihood of asset retention and prospect referrals, (2) reducing risk to the Bank by the timely and accurate interpretation and implementation of provisions in governing instruments that relate to the disposition of trust assets and (3) managing risk to the bank by initiating, coordinating and obtaining an adequate and appropriate release from liability.  

Qualifications/Desired Skills:  

Accountable for managing and settling the larger, more complex estate and/or terminating trusts that require a higher level of technical expertise and knowledge. Assigns tasks to the Specialized Fiduciary Settlement Administrators, monitors progress and approves completed work. Will be responsible for coaching, developing, and mentoring assistants and junior level officers within the Settlement team. Builds and maintains relationships with external business partners (Attorneys, CPAs, and Fiduciary Accountants), and coordinates communication with internal support partners (Tax, Compliance, SAM, ART), to ensure accurate, timely and efficient administration, and to manage business risk. Participates in sales calls as needed, offering Settlement expertise. Maintains high quality communications with beneficiaries, with focus on client satisfaction and asset retention. Acts as a technical resource to colleagues within and outside of Trust Settlement team. BS/BA required. Advanced degree or professional designation a plus. Non-licensed associate.                                                                                                                                                                                                      

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21053986

Band: H4

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Teresa Perry

Referral Bonus:

0