Trust Investment Officer

Employer
Ameriprise Financial, Inc.
Location
Minneapolis, USA
Salary
Competitive
Posted
May 15, 2022
Closes
Jun 12, 2022
Ref
14915600
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
• As a member of the Personal Trust Services team within Banking and Cash Solutions, you will play a key role in the management of Personal Trust accounts at Ameriprise. Working together with the Trust Administration Officer, you will handle the investment process of trust accounts, including reviewing trust investments (including unique assets), developing investment strategies, communicating with Ameriprise Financial Advisors and clients and monitor and execute investment activities in the trust account.
• You will be responsible for retention of client relationships and collaborating with the new business officers to attract additional assets.

Responsibilities

• Dual relationship with Financial Advisor and Trust Administration officer to handle the investment assets of existing trust accounts for individual clients following fiduciary standards.
• Review client's asset allocation and develops Investment Policy statements for the fiduciary account collaborating with the client's Ameriprise Financial Advisor to recommend investment strategies suitable to account objectives.
• Monitor account investment performance and present to the Advisor and clients.
• Review legacy positions and recommend investment models, position concentration mitigation strategies, and the management of special assets (real estate, MOG, closely held business) with reference to clients' tax situations and recommend financial advisor's interaction with clients on findings.
• Works with Financial Advisors to facilitate and coordinate investment activity with co-trustees. Respond to client inquiries regarding investments and conduct periodic investment reviews.
• Act as fiduciary investment manager of portfolio of accounts including setting investment objectives, monitoring of investment objectives and performance, account investment reviews, and performing transactions as needed (distributions, rebalancing, etc.). Review and approve advisor recommended buy/sell transactions for assigned portfolios.
• Actively participate in the Investment Sub-Committee. Participate in other projects (e.g., investment management topics, ILIT and insurance assets in trusts, proxy voting, corporate actions, etc).
• Contribute to the investment side of the sales process for personal trust; review and analyze portfolios, propose change, and monitor account establishment and funding of trusts.
• Review asset statements, trust agreements and other supporting documentation to gain understanding of case; coach advisors through the portfolio implementation process; review all necessary supporting materials that are provided by advisor to prepare file for account acceptance.

Required Qualifications

• Bachelor's degree or equivalent experience.
• 5+ years' investment management experience.
• Good written and oral communication skills.
• Effective presentation skills.
• Strong organizational skills and attention to detail.
• Experience in trust investment management.
• Good analytical and problem solving skills.

Preferred Qualifications

• CFA, CAIA, CIMA, APMA, CFP or CTFA.
• Trust asset management experience

About Our Company

At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. The Banking and Cash Solutions team mission is to make life more rewarding by helping others achieve their goals and dreams by providing compelling product solutions and a seamless client experience. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Banking and Cash Solutions.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

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