1st VP-Director of Trust

About Marquette Bank

If making an impact is important to you, you belong with the Marquette Bank Team. You'll enjoy the opportunity to make a difference for our customers and in our neighborhoods. You'll love our welcoming, supportive, friendly, team-centered work environment - including perks like an expansive benefits package, growth opportunities, gym subsidy, tuition reimbursement and community involvement opportunities!

Come be a part of something bigger at Marquette Bank.

Founded by John F. McCarthy in 1945, the bank has been committed to providing financial services to meet the savings and borrowing needs of southwest Chicagoland. We have continued to grow and are proud to be a modern neighborhood bank with 20 branch locations to serve our customers and communities.

Pay Range: $125,000.00 to 150,000.00

The pay range is based on consideration of criteria such as required qualifications, experience, education and skills. Marquette Bank reserves the right to offer the selected applicant a salary commensurate with the applicant's qualification, experience, education and skills.

Position Overview:
The 1st Vice President, Director of Trust is responsible for managing and overseeing the operations of the Trust Department, ensuring the delivery of high-quality fiduciary services to clients. This role involves strategic leadership in trust administration, investment management, client relationship management, and regulatory compliance. The 1st VP-Director of Trust will coordinate annual audits, federal and state exams, and manage internal meetings and performance reviews. Additionally, this position plays a key role in business development and staff growth to ensure the department's success and alignment with the bank's strategic objectives.

Key Responsibilities:

• Leadership & Strategy: Lead the Trust Department by setting the department's strategy and goals, collaborating with senior management to ensure alignment with the bank's mission. Focus on ensuring the department's growth, productivity, and regulatory compliance.
• Trust Administration & Compliance: Oversee all aspects of trust administration, ensuring compliance with fiduciary responsibilities, trust laws, and internal policies. This includes, but is not limited to, managing annual internal audits and ensuring successful completion of periodic federal and state exams. Stay current on regulatory changes to ensure continuous compliance.
• Shareholder Reporting: Oversee Trust Operations for required materials related to shareholder reporting, including but not limited to stock transactions, company performance, ESOP valuations, etc.
• Investment Management: Oversee trust portfolios, ensuring investments meet client needs and align with department policies. Review portfolios, recommend asset allocation changes, and manage the performance of investments, including mutual funds and equities. Participate in client reviews, offering guidance on market conditions and portfolio adjustments.
• Client Relationship Management: Build and maintain strong, long-term relationships with high net-worth clients and their advisors. Regularly meet with clients to review portfolios, discuss financial goals, and provide investment recommendations. Ensure high levels of client satisfaction by offering timely, relevant financial advice.
• Risk & Compliance: Ensure compliance with applicable laws, regulations, and fiduciary responsibilities. Actively manage risks within the department, identify potential issues, and implement corrective measures as needed. Stay updated on regulatory changes to ensure adherence to all relevant laws. Actively comply with all applicable laws and regulations to include the Bank Secrecy Act, the Community Reinvestment Act, and all other deposit, lending, or non-deposit service regulations; adhering to the Bank's internal policies, procedures, and risk management responsibilities contained in the Employee Handbook, the Employee Code of Conduct, and other applicable policies
• Committee & Board Involvement: Serve on various Bank committees. Lead committee meetings, prepare and present updates to the Board, and ensure accurate meeting minutes for accountability and effective communication.
• Staff Management & Development: Supervise and mentor staff, providing ongoing training and professional development. Conduct annual performance reviews to assess staff progress, set goals, and ensure team effectiveness. Promote a positive and productive department culture.
• Business Development: Work with the Trust Business Development Officer to identify and pursue new business opportunities, both with existing clients and new prospects, as well as to build relationships with potential clients, attorneys, and referral sources to expand trust services and enhance department growth.
• Hands-On Management: Actively participate in day-to-day trust operations, addressing complex issues, offering guidance, and ensuring smooth department functioning. Provide leadership in meetings, presentations, and business development activities.

Qualifications:

• Education: Bachelor's degree in Finance, Business Administration, Accounting, or related field. A Master's degree or professional certifications such as CTFA, or CFP is highly preferred.
• Experience: At least 10 years of experience in trust administration or wealth management, with a minimum of 5 years in a leadership or management role. A background in investment management is preferred, with a solid understanding of mutual funds, equities, asset allocation, and portfolio management.
• Knowledge:
  • Expertise in trust administration, fiduciary laws and compliance.
  • Strong background in investment management and asset allocation.
  • Familiarity with shareholder reporting, compliance with state and federal regulations, and audit and exam requirements.
  • Solid knowledge of land trust, personal trust, guardianship trust, estate planning, etc.
  • Familiarity of trust tax laws.
  • Exposure to qualified retirement plans preferred.
• Skills:
  • Excellent leadership, communication, and interpersonal skills.
  • Strong client relationship management skills, with the ability to manage complex client communications.
  • Organizational and analytical abilities to manage multiple priorities and deadlines.
  • Ability to identify growth opportunities and effectively promote trust services.
• Certifications: CTFA or similar certifications are preferred.

Physical Requirements:
Ability to work in an office environment with occasional travel for client meetings, industry events, and business-related activities.

This provides an overview of the key responsibilities and qualifications for the 1st Vice President, Director of Trust role. While emphasizing leadership, compliance, investment management, client relationship building, and staff development, it leaves room for growth and adaptation to meet the bank's evolving needs.

We Care About You. Marquette Bank's total rewards package, for eligible employees, will vary based on the pay type of the position and may include variable pay such as performance-based incentives, commissions, target bonus and discretionary bonus. Marquette Bank also offers health insurance, term life and disability insurance, generous time off and two retirement plans: 401(k) Salary Savings Plan and Employee Stock Ownership Plan (ESOP), as well as other perks including a FREE FunRewards checking account. Available rewards may vary by location, job level, employment status, and years of service. To learn more about our rewards package, please visit: https://emarquettebank.com/about-us/benefits.

You Belong Here. We offer an inclusive workplace to encourage, support and celebrate our diverse employees and the communities in which we work and serve. Our culture is built on a commitment to serve others. Working together, valuing each other and celebrating our uniqueness delivers a better financial future to our customers and neighbors. To learn more about our diversity and inclusion commitment, please visit: https://emarquettebank.com/about-us/diversity-and-inclusion-commitment

Marquette Bank is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.