President of Trust & Wealth

Company: The Agency Recruiting
Location: Waco
Posted on: April 2, 2025

Job Description:

Title:President, Wealth & Trust DivisionThe President of the Wealth and Trust Division will set vision for trust and investment employees of a $2.4B bank with $1B in assets under management. This role involves strategic planning, team leadership, client relationship oversight, and collaboration with other departments to drive growth and achieve organizational goals. The ideal candidate will have extensive experience in investment management, trust services, team building and a deep understanding of the regulatory environment.Key Responsibilities:Leadership and Management:

• Lead, mentor, and develop a team of investment and trust professionals.
• Set performance objectives and conduct regular performance evaluations.
• Foster collaboration with other departments, particularly Private Banking.
• Establish annual budgets, profitability and key performance indicators.
• Participate in the incentive plans aligned with company values.
• Recruit new additions to the team.Strategic Planning:
  • Develop and implement strategic plans to grow the Wealth and Trust Department.
  • Identify new opportunities through enhancements to offerings and technology.
  • Manage strategic third-party partnerships to access specialists & address unique client needs.
  • Integrate Private Banking into Wealth and Trust offering.
  • Stay abreast of industry trends and regulatory changes to ensure the department's offerings remain competitive and compliant.Client Relationship Management:
    • Build and maintain strong relationships with high-net-worth clients and centers of influence.
    • Serve as a brand ambassador in the community.
    • Build a deep understanding of the department's client composition portfolio.
    • Address and resolve client issues promptly and effectively.Investment Management:
      • Oversee the development and implementation of investment strategies.
      • Ensure the effective management of investment portfolios, focusing on risk management, asset allocation, and performance monitoring.
      • Work directly with the Investment Officer on investment performance and models.Trust Services:
        • Ensure the delivery of comprehensive trust services, including estate & financial planning, trust administration, and fiduciary services.
        • Collaborate with legal and tax professionals to provide integrated wealth management solutions.Brokerage Services:
          • Serve as liaison between the bank and the bank's broker dealer partner.
          • Support licensed financial advisors.Regulatory Compliance:
            • Ensure the department adheres to all regulatory requirements and internal policies.
            • Oversee audits and examinations, addressing any findings and implementing corrective actions as needed.Qualifications:
              • Juris Doctor, MBA, Master's or Bachelor's degree in finance, Accounting, or a related field; Certified Financial Planner (CFP), Certified Trust & Financial Advisor (CTFA) or Certified Public Accountant (CPA); preferred.
              • Minimum of 8 years of experience in investment management and trust services, with a minimum of 4 years directly working with clients.
              • In-depth knowledge of investment strategies, portfolio management, and trust services.
              • Strong understanding of regulatory requirements and compliance in the financial services industry.
              • Excellent communication, interpersonal, and relationship-building skills.
              • Demonstrated ability to lead and develop a high-performing team.
              • Strategic thinker with strong analytical and problem-solving skills.Compensation and Benefits:
                • Competitive salary and performance-based bonuses.
                • Comprehensive benefits package, including health, dental, and vision insurance.
                • Retirement savings plan with employer match.
                • Professional development opportunities and support for certifications.
                • Generous paid time off and flexible working arrangements.
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Keywords: The Agency Recruiting, Waco , President of Trust & Wealth, Executive , Waco, Texas