Trust Counsel

at Old National Bank in PlainfieldPlainfield, Illinois, United States

Job Description

Trust Counsel
Job Locations

US-IL-Plainfield

Category/Function 
Trust/Wealth Management  

Position Type 
Regular Full-Time  

Requisition ID 
2024-14728
Overview

Old National Bank has been serving clients and communities since 1834. With $48 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.
We are currently seeking a Trust Counsel that will be responsible for ensuring that Wealth Management's fiduciary and regulatory responsibilities are properly conducted within the trust group. This position will also be assigned a select group of fiduciary accounts to administer as well as participate in committee appointments. The Trust Council will provide guidance to Trust Officers on legal matters to include pending and ongoing litigation and legal document reviews. Trust Counsel will communicate with Corporate Legal about third party legal assignments and any significant legal matters entailing risk to the bank.
Key Accountabilities
Legal Counsel
Research and advise Wealth Leadership on various legal issues related to trusts, estates guardianships, investments, retirement accounts, corporate trust, operations, and compliance.
Advise leadership and trust officers regarding day-to-day legal concerns of an administrative nature.
Work closely with Corporate Legal and outside counsel in the representation of Wealth Management regarding any pending litigation.
Risk Management
Collaborate closely with attorneys in the drafting of Trusts, Wills, and other legal documents, working collaboratively to ensure that Wealth Management accepts trust and estate accounts consistent with its policies and procedures.
Collaborate closely with attorneys and Trust Officers on judicial proceedings or non-judicial documents to address trust administration matters.
Draft release agreements and other documents relating to the opening, administration, and closing of trust accounts.
Provide ongoing training to Trust Officers regarding legal updates.
Compliance
Work closely with the Chief Fiduciary Officer and Compliance to review and draft policies and procedures.
Coordinate policy and procedure changes with compliance and provide necessary training to applicable team members.
Assist tax team with fiduciary income tax and other related issues.
Such other duties may be assigned by the Chief Fiduciary Officer.
Key Competencies for Position
Technical Knowledge of Trust and Probate Codes in States within Wealth Management's footprint, including Indiana, Illinois, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.
Proficient in Legal Research through online law library
Meticulous with Excellent Communication Skills - Oral and Written
Relationship Building and Collaborating - interpersonal skills.
ONB Way/Values/Coachability
Qualifications and Education Requirements
Minimum Doctor of Jurisprudence (J.D.) from an accredited law school; MBA or LLM a plus.
Admission, and in good standing, to the Bar of any State; Indiana required.
10 years of experience in the trust industry or with a bank trust department, or five plus (5+) years of experience in a law firm's trust and estates group (or related area of practice).
Familiarity with litigation, trust administration, guardianships, estate planning techniques, and transactional skills.
Ability to use Microsoft Office, Excel, and Westlaw.
Experience with trust accounting software (e.g., FIS) a plus.
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific position

Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank. Join our team!

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