Director Trust Administration
@ BMO U.S.

Chicago, IL
$150,000
On Site
Part Time
Posted 22 days ago

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XXXXXXXXX XXXXXXXXXXX XXXXXX****** @bmo.com
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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
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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.

📝 Interview Preparation Advice

Technical Preparation

Review OCC trust regulations and compliance updates.
Study fiduciary risk management frameworks and case law.
Practice using trust administration software tools.
Analyze recent trust review procedures and methodologies.

Behavioral Questions

Describe a challenging client situation resolved successfully.
Explain teamwork in complex fiduciary administration scenarios.
Discuss how you manage stress and maintain professionalism.
Share an example of proactive business development experience.

Frequently Asked Questions