Vice President (VP), Trust Officer Salary
A Vice President (VP), Trust Officer earns an average salary of $83,471 per year. The skills that increase pay for this job the most are Account Management and Investment Management.
|Salary||$56,206 - $125,843|
|Bonus||$1,468 - $19,574|
|Profit Sharing||$-0.50 - $14,544|
|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).)
|$58,213 - $147,203|
Job Description for Vice President (VP), Trust Officer
Vice president (VP) trust officers are responsible for administering and developing effective strategies for a business's trust accounts, as well as facilitating and overseeing programs for current and prospect clients in their firm. They typically work in an office environment and use a personal computer for correspondence, developing strong proposals for their departments, approving charts, and making modifications to ongoing paperwork.Read More...
VP trust officers must develop efficient trust services and help create referrals to increase brand recognition, and they also handle strong wealth management acquisitions and complete financial tasks according to strict regulations. They must be well-versed in financial software and organizing trust accounts into secure databases for future access, and they also develop excellent relationships with clients, trust holders, and other financial professionals to share important information.
Some VP trust officers may attend training for improvement in investment matters, and strong communications skills are important in this position to lead a team in a corporate environment and resolve technical issues as necessary. They also meet with clients to explain their accounts and how to increase their performance and must know specific fiduciary and tax laws before signing contracts and executing client orders regarding their trusts. Their advising role helps both the client and the company, as they supervise all trust officer personnel to achieve company goals in a timely manner.
A bachelor's degree in finance, economics, business administration, or a related field is generally required for this position, and prior experience in the industry is also necessary. Industry certifications are also helpful. (Copyright 2017 PayScale.com)
Vice President (VP), Trust Officer Tasks
- Contribute to the creation of investment strategies by tracking industry trends and reporting findings to senior management.
- Supervise the work of trust administrators.
- Identify new sales opportunities and take the lead in following up.
- Build and sustain relationships with clients, establish portfolio objectives, and explain changes in portfolio development strategy.
Vice President (VP), Trust Officer Job Listings
Pay by Experience Level for Vice President (VP), Trust Officer
Pay by Experience for a Vice President (VP), Trust Officer has a positive trend. An entry-level Vice President (VP), Trust Officer with less than 5 years of experience can expect to earn an average total compensation of $76,000 based on 15 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), 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 $78,000 based on 11 salaries. An experienced Vice President (VP), Trust Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $89,000 based on 23 salaries. A Vice President (VP), 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 $87,000 based on 22 salaries.
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Key Stats for Vice President (VP), Trust Officer
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