Trust Counsel – Clayton (Full Time)
How would you like to work for a great company that offers career growth and values your skills and experience? For over 150 years, Commerce Bank has built a strong reputation as a “Super Community” bank and is recognized as an industry leader. In today’s growing and competitive financial services industry, we look for creative and innovative solutions to meet the needs of our customers. To achieve our results, we recruit the best and brightest employees who ask, listen and solve to meet our customers’ needs!
Commerce Trust Company, a division of Commerce Bank, is ranked among the top 25 investment advisors in the U.S. with over $39 billion in client assets. Commerce Trust Company concentrates on serving individuals, families, business owners and institutions investment management needs through a combination of world class capabilities and resources, objective advice, customized solutions and unparalleled service.
Advise Senior management, Senior Trust Counsel and Trust Company officers and executives on legal issues relating to private trust and estate matters, including private foundations, and institutional trust issues, including qualified investment plans.
Support Trust Company Legal Team and trust administration teams in these areas:
-Advise and support Private Client Advisors and sales professionals on private trust administration.
-Advise and support Institutional Client Advisors and sales professionals on employee benefit and endowment administration.
-Advise on Prudent Investor Act, Uniform Trust Code, ERISA requirements, and potential for resolving issues through Non-Judicial Settlement Agreement process in accordance with state law.
-Advise private bankers on more complex lending and security arrangements.
-Engage in client contact and consulting, along with other CTC professional staff, on trust and planning issues as needed, including discussion and review of financial planning process and supporting delivery of various financial advisory services.
JD Degree. Hold between 3-5 years legal experience, preferably at a law firm or in-house for a fiduciary services company. Professional experience with the Uniform Trust Code, the Prudent Investor Rule, Unitrust, and other related laws and regulations. Experience with fiduciary income tax; Federal and State estate and gift tax, and taxation of non-profit or tax-exempt entities, including ERISA prohibited transaction rules. Experience reading and interpreting or drafting private trusts and employee benefit documents written at sophisticated levels. Demonstrated ability to recognize and evaluate business and legal risks, and advocate for innovative solutions. Professional maturity, confidence, and initiative. Excellent judgment and analytical skills. Excellent oral and written communication skills. Strong interpersonal skills. Strong management and administrative skills.