Trust Fiduciary Officer
Synovus
Columbus, OH
fiduciary
officer
fiduciary
compliance
legal
monitoring
procedures
regulatory
regulations
officer
risk management
management
family
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April 22, 2025
Synovus
Columbus, OH
FULL_TIME
Job Summary
The Trust Fiduciary Officer plays a vital role in overseeing the Trust Department of Synovus Bank. This position supports both new business initiatives and existing client relationships, ensuring comprehensive risk management across Personal, Institutional Trust, and Family Office divisions.
Key Responsibilities:
• Reviews estate and trust documents to determine their suitability as new business opportunities, closely examining appointment documents, trustee removal or resignation documents, promissory notes, non-judicial settlement agreements, delegation agreements, waivers, declination documents, and other legal documentation required for effective trust administration.
• Collaborates with senior leadership to set strategic initiatives that minimize overall Trust Company risk and drive forward-thinking compliance practices.
• Serves as a trusted fiduciary resource within the Trust Company, providing guidance on exception monitoring, education, and best practices. Establishes strong working relationships with key stakeholders, including Compliance, Legal, and the OCC, to ensure seamless oversight and adherence to strict fiduciary standards.
• Chairs the New Accounts Committee, responsible for reviewing new account proposals, determining meeting requirements, and identifying next steps necessary for approval or denial.
• Ensures that Synovus Trust Company policies, procedures, and workflows remain up-to-date and compliant through close collaboration with the STC Compliance team. Identifies areas of improvement and implements process enhancements to mitigate risk.
• Provides expert support to field teams on complex fiduciary inquiries, including real estate, unique assets, life insurance, discretionary distributions, overdrafts, and exceptions, guiding colleagues towards informed decision-making.
• Participates in special projects aimed at increasing efficiency and improving processes, such as monitoring regulatory actions, assisting with technology initiatives, addressing remediation items from compliance audits, supporting regulatory exam responses, and reducing Discretionary Distribution exceptions.
• Employs robust risk awareness and reporting skills, adhering to company policies, procedures, laws, regulations, and risk limits specific to this role. Actively identifies and reports potential or actual breaches to relevant authorities in a timely manner.
About Synovus
As an equal opportunity employer, Synovus fosters an inclusive work environment where diversity is valued and celebrated.
Requirements
We seek a candidate with advanced knowledge typically acquired through post-graduate studies.
A minimum of 6 years of experience in the trust industry, preferably with expertise in trust products, services, income and principal accounting, trust taxation, estate and gift tax, investments, trust and estate law, estate planning, retirement plans, and trust regulations.
The Trust Fiduciary Officer plays a vital role in overseeing the Trust Department of Synovus Bank. This position supports both new business initiatives and existing client relationships, ensuring comprehensive risk management across Personal, Institutional Trust, and Family Office divisions.
Key Responsibilities:
• Reviews estate and trust documents to determine their suitability as new business opportunities, closely examining appointment documents, trustee removal or resignation documents, promissory notes, non-judicial settlement agreements, delegation agreements, waivers, declination documents, and other legal documentation required for effective trust administration.
• Collaborates with senior leadership to set strategic initiatives that minimize overall Trust Company risk and drive forward-thinking compliance practices.
• Serves as a trusted fiduciary resource within the Trust Company, providing guidance on exception monitoring, education, and best practices. Establishes strong working relationships with key stakeholders, including Compliance, Legal, and the OCC, to ensure seamless oversight and adherence to strict fiduciary standards.
• Chairs the New Accounts Committee, responsible for reviewing new account proposals, determining meeting requirements, and identifying next steps necessary for approval or denial.
• Ensures that Synovus Trust Company policies, procedures, and workflows remain up-to-date and compliant through close collaboration with the STC Compliance team. Identifies areas of improvement and implements process enhancements to mitigate risk.
• Provides expert support to field teams on complex fiduciary inquiries, including real estate, unique assets, life insurance, discretionary distributions, overdrafts, and exceptions, guiding colleagues towards informed decision-making.
• Participates in special projects aimed at increasing efficiency and improving processes, such as monitoring regulatory actions, assisting with technology initiatives, addressing remediation items from compliance audits, supporting regulatory exam responses, and reducing Discretionary Distribution exceptions.
• Employs robust risk awareness and reporting skills, adhering to company policies, procedures, laws, regulations, and risk limits specific to this role. Actively identifies and reports potential or actual breaches to relevant authorities in a timely manner.
About Synovus
As an equal opportunity employer, Synovus fosters an inclusive work environment where diversity is valued and celebrated.
Requirements
We seek a candidate with advanced knowledge typically acquired through post-graduate studies.
A minimum of 6 years of experience in the trust industry, preferably with expertise in trust products, services, income and principal accounting, trust taxation, estate and gift tax, investments, trust and estate law, estate planning, retirement plans, and trust regulations.
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