OverviewTheSeniorCorporateTrustOfficer, serving as a single point of contact forbond issues andescrow accounts including new business, growth, and retentionresulting from strong sales, marketing, and networkingwith both external and internal clients.Internal clients include strong tiestoTreasury Management, Commercial Lending, andLegal departments.Ability to review and analyze complexagreementsforaccuratesetup ofnew issueswithinbondaccounting system and cash accounting system.Back up andpossible successorto the Managing Director of Corporate Trust role.
Salary Range
The salary range for this position is $77,900/yr - $153,000/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate27s relevant skills and professional experience, educational qualifications, and geographic location.
KeyAccountabilities
Municipal Bond Administration
- Salesofnew bond issuancesto grow authorized and outstanding debt managed-ONBservesas Trustee, Registrar, and Paying Agent.
- Minimize the number of bond issueson the Watch and Default list of issues.Thorough analysis of documents and ability to adhere to.
- Generateadditionalfees fromadditionalconstruction and debt service reserve accountsset up as Custody accounts.
- Monitoringrisk and compliancewiththe bond documents.
Debt Payment Monitoring and Administration
- Monitoradministrationof debt payments -accurateandtimelypayment of debt service payments to bondholders.
- Review and processing of Bond Fund Distributions-payments from Operation and Reserve Fund.
- Ensureissuers are satisfied with correct andaccuratepayments made to vendors for work performed on theconstructionproject,including checks, wires, ACH.
- Daily reconciliation with the Depository Trust Company
Client Relationship Management
- Dialogue with the debt and escrowrelationship owners at theirrespective organizations.
- Networking with Attorneys serving as Bond Counsel, Financial Advisors, and Underwriters.Review and analyze documents.
- Partner internally to helpCommercialBanking and Legal Department with Escrow and Bond purchases made and considered loans by the bank.
- Aid withnew and existing bank products.
- Strong positive Reputation Risk amongst peers, Issuers, and partners.
Team Leadership and Operational Oversight
- Tactfully written policies and procedures.
- Clean internal and external audits.Proactively addressing and correcting issues.
- Promotesynergyand inclusion for teamwork among thedepartment.
KeyCompetenciesfor Position
- Problem Solving/Decision Making
- Communicationand Collaboration
Qualifications and Education Requirements
- BS in Finance, Accounting, orEconomics
- Corporate Trust Master Designation
- Stronganalysis, problem, resolution, and decision-making skills
- Proficient communication skillsused for both internal and external clients
- Effective and efficient management skills
Key Measures of Success/Key Deliverables
- Growth and Retention of Bond Issues and Escrow accounts
- Minimalor no penalty payments due topayment errors
- Satisfactory or clean internal and external audits
- Revenue growth for Department
- Highregard forour services amongst our peers and referral sources.
