Personal Trust Advisor III
The Personal Trust Advisor III (PTAA ) is responsible for reviewing legal documentation for new business and ensure Comerica is willing and able to accept the appointment as trustee for a trust naming Comerica or accept its role in an agency, IRA or charitable account. This position reviews notifications of death, wills, trusts, powers of attorney, and many other types of governing documentation that directs Comerica on its responsibilities. Colleagues in this role are responsible for being objective regarding risk management and raising issues that need to be remediated prior to acceptance of new business. These colleagues are highly engaged in new business acceptance for Personal Trust, Alliance Trust, Estate Administration.
Responsibilities:
New Business Review:
* Review governing documentation supporting new accounts to determine if Comerica can and should accept the role as determined by the legal document. Responsible for all type of new business reviews and are asked to review the most complex document types. This decisioning process includes a review of state statutes, overall knowledge of trust and estate administration, an understanding of the family, current class of beneficiaries and finally a decision on approving the appointment of Comerica for this new business.
* Review notification of death and determine Comerica's ability to accept the appointment as Executor or Personal Representative for the Estate.
* Engage with the opening team to address issues or concerns regarding needed paperwork for account opening and complete the final legal review raising any concerns.
Ongoing Administration:
* Review requests for disbursement utilizing Comerica's discretion as outlined in the governing document. Approve either single distributions or annual blankets for ongoing bill payments and distributions to beneficiaries. Deny requests that are not in alignment with the governing document and offer alternatives. Incorrect decisions during this process create risk for Comerica with current and future beneficiaries.
* Design and Implement new processes to support ongoing administration.
Compliance/Risk Management:
* Complete consultations with trust advisors in personal wealth, professional alliances and personal trust assisting with resolution of issues with beneficiaries or resolving issues that a prior administrator caused. These consultations focus on managing or mitigating risk as well as providing suggested steps to remediate issues.
* Maintain a full understanding of Personal Trust policies and procedures to include recommending changes as needed due to new regulatory or procedural requirements.
Team Responsibilities:
* Participates in projects which affect the broader business and improves efficiency of delivery of services to clients. Actively contributes to the team, providing feedback on procedural changes and assisting in the development of less experienced team members.
Travel
Travel is not required of this position.
Relocation:
Relocation assistance is not offer for this position.
About Comerica
We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.
Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
