Wealth Management Associate Director

Wealth Management Associate Director

Start a career with First National Bank Alaska, the Best Place to Work in Alaska as recognized 11 years in a row by Alaska Business magazine readers.

We are seeking a Wealth Management or Trust Professional to Join our Team!

Join our Wealth Management and Trust team as an Associate Director and play a key role in growing a trusted relationship driven wealth management practice. You will help lead talented professionals, deepen client relationships, drive business development, and deliver comprehensive solutions around each client's unique financial goals.

If you're ready to bring your leadership, expertise, and passion for client service to a community bank where relationships matter, this could be the opportunity for you.

Salary: Job/salary offer would be commensurate with experience.

Schedule: Monday-Friday, 8:00am-5:00pm

GENERAL PURPOSE SUMMARY

Manages and directs assigned trust and investment management activities, including the development of new trust and investment management business, and coordinates implementation of department policies to promote the growth and profitability of the Wealth Management & Trust Department by performing the following essential duties and responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Partners with Wealth Management Director to lead and manage relationship development and sales efforts of the Wealth Management & Trust Department, collaborates with Director to set department and officers' business development goals to meet corporate objectives.
• Provides day-to-day leadership and direction for the department; coaches, mentors, and develops trust & investment officers, ensuring professional development opportunities are identified and available to support career growth and enhance expertise.
• Leads the team in effectively executing the department's business development program and related activities; helps establish and execute team calling strategies to support achievement of department business development goals, strengthen client relationships, and identify new business opportunities.
• Assists in developing and recommending Wealth Management & Trust policies; formulates, updates, and implements programs, procedures, and practices of the Wealth Management & Trust Department in alignment with bank objectives; reviews and recommends new trust and investment services and products or the sunsetting of existing products/services in the current suite as appropriate based on profitability goals and business environment. Ensures all major efforts under his/her responsibility are successfully executed efficiently and cost-effectively, achieving the highest quality outcomes for the Bank; mitigating risks and minimizing negative impacts.
• Partners with various bank specialists to provide interdisciplinary expertise to clients when needed. Connects clients across all lines of business at the bank.
• Represents the bank in business activities and when contacting customers, attorneys, and beneficiaries relating to management of trust and investment management accounts; prepares technical proposals for presentation to existing customers and prospects, including individuals and institutions.
• Acquires, expands, and retains customer relationships by identifying opportunities, strategizing proactive business development activities, cultivating referral networks, and focusing on viable target markets. Proactively builds and develops quality relationships with peers, subordinates, superiors, vendors, regulators, key contacts - including customers, prospective customers and centers of influence, and other associates and leaders within the community and the state.
• Administers accounts of special significance or with unusual problems; oversees administration of other Trust accounts.
• Manages the preparation of reports of department activity and progress for the Wealth Management & Trust Committee and Board of Directors.
• Keeps informed about the Trust industry, state statute changes, standards, best practices, trends and regulatory changes to ensure compliance with all applicable trust laws, rules, regulations, and practices.
• Oversees and is responsible for the compilation of all information required for trust account and investment management, and individual account tax returns.
• Performs other work-related duties as assigned.

COMPLIANCE EXPECTATIONS

• Ensure business unit's operations comply with bank policy, procedures, and banking regulations (for business unit heads).
• Ensure you and your delegates have adequate and current compliance training, and ensure training is completed on time.
• Stay up-to-date on relevant laws and regulations.
• Ensure you and your delegates comply with the bank's policies, procedures, laws and regulations.
• Maintain customer confidence and protect the bank's operations by you and your delegates identifying and protecting confidential information.

SUPERVISORY RESPONSIBILITIES

Manages assigned units and/or delegates within the Wealth Management & Turst Department. Carries out supervisory responsibilities in accordance with the organization''s policies and applicable laws. Responsibilities include interviewing, hiring and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. Understands and champions the bank's vision, strategies and initiatives to employees, encouraging and ensuring productivity and achievement. Offers effective support to subordinates, peers and superiors in their bank-related endeavors.

QUALIFICATION REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION and/or EXPERIENCE:

Minimum: Bachelor's degree in business or related field; eight years trust, investment or wealth management experience in progressively responsible positions; two years management experience. Energetic business builder who thrives and excels in a competitive industry.

Preferred: MBA, JD, CFA or CFP; experience with and in-depth knowledge of the equity and fixed income markets; twelve years trust, investment or wealth management experience in progressively responsible positions; six years' management experience. Proven sales success and strong business acumen. Dynamic and credible professional who communicates with clarity and has exceptional presentations skills.

SKILLS and ABILITIES:

Familiarity with legal terminology and working knowledge of sound fiduciary principles required; word processing, spreadsheet and presentation software experience preferred. Demonstrates strong organizational skills and applies a disciplined and organized approach throughout their business.

LANGUAGE SKILLS:

Ability to read, analyze, and interpret common professional and technical journals, complex financial reports, laws, and regulations. Ability to respond to inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write complex reports and business correspondence. Ability to make effective and persuasive presentations to top management, public groups, and/or boards of directors.

MATHEMATICAL SKILLS:

Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

REASONING SKILLS:

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. Proactively comes up with workable solutions to difficult problems; generally, first generates several alternatives before evaluating any of them. Introduces innovation as a means of overcoming obstacles. (From critical thinking, analyzing and problem solving).

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

WORKING CONDITIONS

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

The noise level in the work environment is usually moderate.