Chief Fiduciary Officer

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Chief Fiduciary Officer
The candidate will be responsible for leading, managing, and supervising the delivery of fiduciary and agency services, including personal trust administration, tax preparation and filing, and investment management, consistent with applicable laws and industry standards for company’s Personal Trust Services organization. The Chief Fiduciary Officer is a named officer for company’s two state-chartered retail trust companies; while reporting to the Managing Director – Personal Trust Services who also serves as the President and CEO of CSTC and CSTCD. Assumes responsibility for developing fiduciary investment and administration policies and procedures for the trust companies, including research, policy and procedure development, asset allocation, and separate account manager selection. The Chief Fiduciary Officer chairs the Trust Investment Committee (“TIC”), the Trust Administration Committee and provides regular reports to the Board of Directors. Leads the Trust Administration and Trust Investment Management organizations, with over $10 billion in assets under management and administration and 28 fiduciary professionals and serves as a senior leader within the PTS organization. Serve as a senior leader within Personal Trust Services, responsible for the delivery of fiduciary and agency services and accountable to the Managing Director – Personal Trust Services and the Board of Directors Chair the Trust Investment Committee and the Trust Administration Committee. Collaborate with committee members and management to ensure relevant, accurate, and clear reporting is provided in order to effectively identify, handle, and advance risks, and meet the trust companies’ fiduciary obligations. Lead and supervise the trust administration, fiduciary tax, and investment management teams and the execution of their duties, including pre- and post-acceptance reviews, annual administrative and investment reviews, prudent exercise of discretion, interpretation of the governing document, account terminations, and the administration of each trust in accordance with applicable laws, regulations, and the terms of the governing instrument. Evaluate and recommend for approval to the TIC and the Board investment solutions and capabilities required to meet the fiduciary investment needs of individual trusts. Provide ongoing oversight and take action to remove / replace solutions as appropriate. Interact regularly with state and federal regulators, developing positive relationships and ensuring business processes and objectives are developed consistent with the FDIC Statement of Principles of Trust Department management. Develop internal and external contacts to ensure changes in the personal trust industry are monitored, emerging risks are handled, and market opportunities are identified and evaluated.

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