Application Deadline:

03/27/2025

Address:

320 S Canal Street

Job Family Group:

Customer Shared Services

The Senior Administrator, Trust Special Assets will be responsible for the administration, oversight, and risk management of unique and complex trust-held assets, including but not limited to closely held business interests, promissory notes, mineral interests, and intellectual property. The role will ensure these assets are managed in accordance with fiduciary obligations, Office of the Comptroller of the Currency (OCC) regulations, and internal bank policies. This is an individual contributor role requiring deep expertise in special asset administration, valuation, compliance, and trust operations.

Key Responsibilities:

Oversee the day-to-day administration of a diverse portfolio of trust-owned special assets, ensuring compliance with trust agreements, legal requirements, and bank policies.Perform valuations of closely-held business interests held in fiduciary accounts that conform to industry practices and internal directives, policies and procedures.Interpret legal documents, including trust agreements, operating agreements, and shareholder agreements.Manage promissory notes and other debt instruments, ensuring proper payment collection, documentation, and risk monitoring.Oversee mineral and royalty interests, including lease negotiations, royalty payments, and compliance with contractual obligations. Collaborate with external experts, such as attorneys, appraisers, business valuation firms, and industry specialists, to ensure proper asset management.Review third party valuations for accuracy, reasonableness, thoroughness and conformance to accepted industry standards and appropriate standard of value.Administrative tasks including new business acceptance, asset re-registration, income collection/verification, and voting proxies or approving other corporate actions.  

Regulatory & Fiduciary Compliance:

Ensure that all special asset management activities align with OCC regulations, fiduciary duties, and internal risk management policies.Maintain accurate and audit-ready records for all trust special assets, including appraisals, financial statements, lease agreements, and valuations.Work closely with compliance and legal teams to address regulatory inquiries, risk assessments, and reporting requirements.Monitor and assess risks associated with illiquid and hard-to-value assets, recommending appropriate strategies to mitigate exposure.
 

Trust & Client Relationship Management:

Serve as a subject matter expert on trust special assets, providing guidance to trust officers, beneficiaries, and co-fiduciaries.Communicate complex asset-related matters to internal teams, clients, and external professionals in a clear and concise manner.Support estate and wealth planning strategies involving special assets, ensuring alignment with fiduciary obligations and beneficiary interests.

Qualifications & Experience:

Bachelor of Science or equivalent in and/or M.B.A. with a background in Business or Finance preferred.Accredited Senior Appraiser (ASA), Accredited in Business Valuation (ABV) or Certified Valuation Analyst (CVA) profession designation.10+ years in financial services including 5-7 years practical experience in business valuation and closely held asset management.Prior experience managing all phases of the transaction process involving the sale of closely held assets.

Preferred Skills & Attributes:

Strong organizational skills and ability to manage multiple priorities.High ethical standards and commitment to fiduciary duty.Solid analytical skills and attention to detail.Strong decision making and problem-solving skills.Effective communication and negotiation skills.

Salary:

$100,000.00 - $185,500.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.  We strive to help you make an impact from day one – for yourself and our customers.  We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.