Head of Trust (Fiduciary Officer)

About the role

Lorum National Trust Bank is setting up a trust and fiduciary business and needs a founding hire to lead it as its most senior fiduciary officer. The role is hybrid, with 4 days per week in the New York City office, and involves building a trust function that meets OCC supervisory expectations from day one, designing it and running it in the early phase.

Key responsibilities

• Lead the Bank's trust and fiduciary program: acceptance and administration of fiduciary accounts, prudent-investor oversight and periodic account review.
• Own the control framework for custody and safekeeping of client assets, digital and traditional, including key management and segregation between fiduciary and non-fiduciary custody.
• Represent the Bank's fiduciary function to the OCC on licensing, examinations, information requests and remediation.
• Build and maintain the fiduciary policy suite, risk assessment framework and conflicts-of-interest and self-dealing controls under 12 CFR Part 9.
• Advise product, operations and business teams on fiduciary and custody implications before launch, run account monitoring and issue remediation.
• Report to the Board and senior management on fiduciary activity, risk and exceptions.
• Define the target operating model for the trust function and build the team as the Bank scales.

Required profile

• 12+ years across trust, fiduciary, custody, legal, risk or regulatory roles in US banking, trust banking or custody/wealth-management services.
• A senior fiduciary track record (Chief Trust Officer, Head of Trust, Senior Fiduciary Officer, senior trust counsel or equivalent).
• Deep fiduciary expertise and the flexibility to build from scratch with no existing playbook.
• Experience preparing fiduciary reporting for senior management and the Board.
• Comfortable in a matrix, balancing Bank-level accountability with Group alignment.

Required skills

• OCC supervisory expectations, 12 CFR Part 9 and fiduciary law, including the prudent-investor standard, custody and safekeeping and conflicts of interest.
• Designing or strengthening a trust or fiduciary function: policies, controls, risk assessments, account review and remediation.

Nice to have

• Experience with a de novo bank, national trust bank, state trust company or custody bank, or a bank charter application.
• Direct engagement with the OCC or another federal banking regulator.
• Familiarity with digital-asset custody, key management or tokenized-asset and stablecoin operations.
• Three-lines-of-defense governance experience and a professional qualification such as CTFA, CFTA or a legal qualification.

What we offer

• Flexible vacation policy.
• Private healthcare.
• Employee stock ownership plan (ESOP).
• Flexible working and autonomy.
• Two annual "pay it forward" days for volunteering, and three wellness days each quarter.