Director Trust Administration @ BMO U.S.
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Job Details
Overview
The Director Trust Administration at BMO U.S. is a client-facing, individual contributor role requiring 5+ years of trust administration experience. The role is based in one of the downtown or suburban Chicago offices.
Key Responsibilities
Trust Administration & Compliance: Oversee day-to-day administration of personal trusts, estates, and fiduciary accounts. Ensure compliance with OCC fiduciary standards, state and federal trust laws. Act as a subject matter expert on complex trust structures and regulatory issues. Collaborate with risk, legal, and compliance teams to mitigate fiduciary risk and ensure proper oversight through annual and periodic reviews.
Client Relationship Management: Serve as a trusted advisor to high-net-worth clients. Proactively manage and enhance client relationships with responsiveness and expert guidance. Collaborate with investment, tax, and estate planning professionals to deliver comprehensive financial solutions.
Business Development & Growth: Work with wealth management, private banking, and estate planning teams to expand trust and fiduciary services. Assist in onboarding new trust accounts and ensure a seamless client experience. Represent BMO at industry conferences and client events to boost visibility and foster new business opportunities.
Qualifications & Experience
Required: Bachelor’s degree in finance, law, or business administration; advanced degrees or certifications preferred. At least 5 years of trust administration experience in a regulated financial institution. Strong knowledge of fiduciary laws, OCC regulations, analytical and risk assessment skills, along with excellent communication and interpersonal abilities. A sense of humor and a 'happy warrior' attitude are valued.
Compensation & Benefits
Salary range: $102,000 - $190,000, with additional potential incentives such as performance bonuses, commission structures, and a total compensation package that includes health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. For further details, visit the BMO Total Rewards page.
About BMO
BMO is driven by the purpose to Boldly Grow the Good in business and life. Members are valued, respected, and offered numerous opportunities for growth, supported by thorough training, coaching, and networking resources.
Key skills/competency
- Trust Administration
- Fiduciary
- Regulatory Compliance
- Risk Management
- Client Relationship
- Business Development
- Analytical
- Communication
- Financial Services
- Legal
How to Get Hired at BMO U.S.
🎯 Tips for Getting Hired
- Customize your resume: Highlight trust administration and compliance expertise.
- Emphasize relevant experience: Include fiduciary and regulatory skills.
- Research BMO U.S.: Understand their culture, mission, and benefits.
- Prepare for interviews: Practice case studies and regulatory questions.