Trust Officer Salary

A Trust Officer earns an average salary of $65,497 per year. Experience has a moderate effect on income for this job. A skill in Client Interaction is associated with high pay for this job.
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$47,492 - $100,354
$47K
$65K
$100K
MEDIAN: $65,259
10%
50%
90%

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$17.09 - $31.35
$20
MEDIAN: $20.50
50%

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$0$108K
Salary $47,492 - $100,354
Bonus $1,029 - $10,357
Profit Sharing $0.00 - $10,189
Commission $5,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$47,626 - $108,446
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 237
Hourly Data $0$42
Hourly Rate $20.50
Overtime $42.52
Annual Data $0$108K
Bonus $1,029 - $10,357
Commission $5,000
Profit Sharing $0.00 - $10,189
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$47,626 - $108,446
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 5

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Trust Officer

Trust officers are commonly hired by private banks and investment groups to provide expertise and communication in trust and estate issues. Most of the daily duties of the job involve communicating, as individuals in this position work as a liaison between trust clients and various related agencies or advisors. Specific tasks include interpreting legal documents, reviewing client relationships, monitoring funds, reporting to management, and completing various forms of paperwork. This is done in an indoor environment, typically in a banking institution or other office setting. Work involves communication with clients and other firms, but trust officers also work in teams with other trust officers in many large banks. Risk and physical requirements of the position are extremely limited, while work hours are typically standard business operating hours.

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Trust Officer Tasks

  • Set up trust funds by identifying potential members and placing assets into trust account.
  • Work to implement strategies which achieve client goals for trust fund.
  • Coordinate legal, tax, and financial paperwork associated with the account, and ensure compliance with bank and government regulations.
  • Manage returns yielded by trust fund, distributing profits to trust members or reinvesting them according to trust fund terms.

Common Career Paths for Trust Officer


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Trust Officer Job Listings

Popular Employer Salaries for Trust Officer

Pay by Experience Level for Trust Officer

Pay by Experience for a Trust Officer has a positive trend. An entry-level Trust Officer with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 95 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Trust Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 78 salaries. An experienced Trust Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $75,000 based on 76 salaries. A Trust Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $91,000 based on 46 salaries.

Related Job Salaries

Key Stats for Trust Officer

Gender

Female
52 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.
Less than 1 year
4%
1-4 years
32%
5-9 years
22%
10-19 years
26%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Trust Officer Salaries

▲32%

▲9%

National Average
$69,000

▼3%

▼13%

Skills That Affect Trust Officer Salaries

Client Interaction
▲31%



National Average
$69,000

Investment Management
▼2%


Financial Advisor
▼8%

Investment Planning
▼20%

Trust Administration
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
22%
10-19 years
26%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 73%
vision benefits
Vision: 61%
no benefits
None: 11%
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