The Chief Fiduciary Officer will be an integral member of the leadership team at The Private Trust Company (PTC), an affiliate of LPL Financial. Our innovative, entrepreneurial, high-performing team helps independent advisors and RIAs to provide trust services to their clients and allows the advisor to maintain relationship management and investment management responsibilities through a delegated model. PTC has a desire to double the size of the business in 3 years and triple the business within 5 years.The Chief Fiduciary Officer assumes responsibility for developing and implementing fiduciary policies and procedures for all aspects of the fiduciary products and services delivery and risk profile, and ensuring those policies, discretionary decisioning and fiduciary advice is delivered consistently.This leadership position reports to the SVP of Trust and President of the Private Trust Company and will manage the Head of Trust Administration and trust officers who have primary responsibility for the book of business and trust administration of fiduciary accounts. The position interfaces directly with clients’ attorneys, financial advisors, internal auditors, and external regulators, and requires a sophisticated understanding of personal and retirement trust services, trust and estate administration, wealth management strategies, and risk management.Responsibility for the Trust Acceptance and Trust Administration Committees will sit within the Chief Fiduciary Officer’s organization. Other functions with increased fiduciary risk will report to this individual including fiduciary legal counsel, trust document reviews for acceptance, fiduciary tax preparation, and oversight of illiquid assets including real property and oil and gas interests.Success in this position would lead to an increased understanding of fiduciary risks and law by our employees, financial advisors, and beneficiaries, and a relentless demonstration of flexibility and discretionary decision making that includes thoughtful judgements.Responsibilities:Provides oversight of allfiduciary related matters for the firm, including continued monitoring and resolution.Designing and maintaining fiduciary policies and procedures for trust administration, investment oversight, operational execution, and fiduciary compliance to define risk at reasonable levels.Participates in or may lead fiduciary oversight committees, including account acceptance and discretionary actions.Displays a balanced perspective, liaising with trust administration teams, investment professionals and compliance teams to maintain risk at reasonable levels and to incorporate flexibility, improve efficiency, effectiveness and productivity.Participates in developing fiduciary strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met.Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication.Participates in business development opportunities and existing client relationships by explaining complicated concepts to clients in a thoughtful way using non-technical terminology.Available to employees and advisors for consultation on day-to-day matters that involve trust administration, fiduciary risk management and adherence to compliance related measures and policies and issues.Engages and liaises with in-house or external trust counsel as appropriate.Leads and manages teams of attorneys through case management of prospective fiduciary accounts including document review at pre-acceptance, recommendations for non-judicial settlements, research of case law, and application of consistent acceptance standards.Leads and manages the fiduciary tax preparation process, overseeing tax preparation vendors, consulting on complex fiduciary, estate, gift and GST tax issues for both prospective and existing clients.Leads and manages the fiduciary oversight, suitability and complex issues related to holding illiquid and alternative assets in fiduciary accounts, including but not limited to assets such as insurance, annuities, residential and commercial real property, closely-held businesses, loans or promissory notes, and oil and gas interests.Requirements:15+ years of significant trust and estate administration experience. Possess a deep understanding of the trust business in a fiduciary environment.A law degree with practice experience in the areas of trust and estate administration, estate planning and fiduciary litigation or other advanced degree (CPA, CFP, CTFA).Significant experience leading and managing a team of trust professionals and the ability to inspire others to deliver exemplary client experience and work within a risk framework.Current knowledge of applicable fiduciary federal, state, and local laws.Experience in effectively assessing, selecting, and developing talent for the team, adept at providing balanced, direct, and measurable feedback to employees.Experience in managing multiple priorities and supervising employees with varied strengths.Proven skills in negotiation, problem resolution, delegation and leadership are critical.Strong verbal and written communication skills to articulate risk and operational processes to senior management and banking examiners.Ability to work in a fast paced, complex environment and maintain own deadlines.The Private Trust Company (PTC), an affiliate of LPL Financial LLC, is a growing, fast-paced, entrepreneurial business headquartered in Cleveland, Ohio, that assists families in transferring, protecting, preserving and managing wealth to future generations, charities and communities. PTC is a national trust company with a unique business model that focuses on an open architecture investment management style, recognizing that clients are best served with a team of professionals with whom we will work. We offer clients the sophistication of our experienced trust officers, combined with a high level of customer service. As a limited purpose national bank, PTC is examined by the Office of the Comptroller of the Currency, a division of the US Treasury.Pay Range: $207,600-$311,400/yearActual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!Why LPL At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.We areone team on one mission. We take care of our advisors, so they can take care of their clients.Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.Want to hear from our employees on what it’s like to work at LPL Watch this!We take social responsibility seriously. Learn more hereWant to see info on our benefits Learn more hereJoin the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.Information on Interviews:LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at .