Full-Time

Senior Trust Advisor

Confirmed live in the last 24 hours

Fifth Third Bank

Fifth Third Bank

10,001+ employees

Offers diverse banking and financial services

Fintech
Financial Services

Senior

Louisville, KY, USA

Category
Private Equity
Finance & Banking
Requirements
  • Bachelor’s degree required
  • Graduate degree (JD,MBA) preferred
  • Professional designee (CTFA or similar)
  • 10 years of demonstrated fiduciary client service/sales
  • Advanced knowledge of trust administration, estate planning strategies, and income and estate tax matters
Responsibilities
  • Serve as Trust Advisor for clients with more than $5MM in investable assets
  • Work with Private Bank Team to identify fiduciary opportunities and solutions
  • Work with Private Bank Team to implement fiduciary strategies
  • Serve as a Trusted Advisor by developing close, personal relationships with the clients and their families, anticipating clients’ wealth planning and Private Bank service needs and coordinating external and internal advisors to accomplish
  • Actively participate with the Private Bank team to develop, interpret, communicate an facilitate complex estate planning matters as part of the advice-based solutions presented to clients
  • Advise 50- 75 households comprised of approximately 250- 300 accounts
  • On behalf of Fifth Third Bank as Trustee understand and administer fiduciary accounts in accordance with the governing documents for trusts over $1MM
  • Ensure adherence to all fiduciary rules, regulations and internal governance throughout the administration of the trust
  • Cultivate relationships with local centers of influence including attorneys and accountants to identify both current and future opportunities for Fifth Third Bank to serve as Trustee, Successor Trustee, Executor or Personal Representative.
  • Generate new fiduciary and Private Bank IM&T
  • Manage the due diligence process on all new fiduciary appointments
  • Demonstrate sound complex decision making skills
  • Maintain knowledge of current trends and changes in the industry with regard to fiduciary matters (e.g. estate planning and probate, estate, gift and income tax planning, guardianships, special needs trust, state-specific laws)
  • Develop subject matter expertise in fiduciary related areas
  • Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Fifth Third Bank provides a variety of financial services to individual consumers, small businesses, and commercial clients. Its offerings include personal banking products like checking and savings accounts, mortgages, personal loans, and insurance options such as life and health coverage. For businesses, the bank offers services including business accounts, commercial loans, and treasury management. Fifth Third Bank's revenue comes from interest on loans, account service fees, and commissions from insurance and wealth management services. The bank aims to help clients achieve their financial goals through comprehensive financial planning and retirement services.

Company Stage

IPO

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The bank's adoption of digital disbursements and treasury management solutions can enhance operational efficiency and attract tech-savvy clients.
  • Fifth Third Bank's diverse product offerings, including specialized services like down payment assistance, provide ample opportunities for career growth and specialization.
  • The focus on digitization and instant payments can lead to increased customer satisfaction and retention, driving long-term growth.

What critics are saying

  • The lawsuit alleging the opening of fake accounts could damage Fifth Third Bank's reputation and lead to regulatory scrutiny.
  • The competitive landscape in the B2B payments sector requires constant innovation to maintain market share, posing a challenge for sustained growth.

What makes Fifth Third Bank unique

  • Fifth Third Bank's focus on digital treasury and instant payment solutions positions it as a forward-thinking player in the financial services sector, adapting to pandemic-driven trends.
  • The bank's comprehensive range of services, from personal banking to wealth management, allows it to cater to a diverse clientele, unlike competitors with a narrower focus.
  • Fifth Third Bank's involvement in the B2B payments sector, particularly through the use of APIs, highlights its commitment to innovation and efficiency in financial transactions.

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