Trust Officer Salary

A Trust Officer earns an average salary of $65,166 per year. Experience has a moderate effect on income for this job. The skills that increase pay for this job the most are Client Interaction and Legal Compliance.
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$46,779 - $98,533
$47K
$65K
$99K
MEDIAN: $65,166
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$46,779 - $98,533  
   
Bonus
$1,006 - $12,060  
Profit Sharing
$0.00 - $10,084  
Commission
$7,500  
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).
)
$47,851 - $106,078  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 240

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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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Popular Employer Salaries for Trust Officer

Pay by Experience Level for Trust Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

Key Stats for Trust Officer

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.
Less than 1 year
5%
1-4 years
26%
5-9 years
23%
10-19 years
27%
20 years or more
19%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Trust Officer Salaries

▲34%

▲10%

National Average
$68,000

▼1%

▼11%

Skills That Affect Trust Officer Salaries

Client Interaction
▲33%



Customer Relationship Management (CRM)
▼0%

Investment Management
▼0%

National Average
$68,000

Financial Advisor
▼6%

Investment Planning
▼18%

Trust Administration
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
1-4 years
26%
5-9 years
23%
10-19 years
27%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 74%
vision benefits
Vision: 63%
dental benefits
None: 9%
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