New

Chief Fiduciary Officer

Busey Bank
$210,000.00 - $275,000.00 / yr
life insurance, paid time off, 401(k), profit sharing

190 Carondelet Plaza (Show on map)
Dec 17, 2025
Position Summary The Chief Fiduciary Officer provides strategic oversight for all fiduciary activities of Busey Wealth Management, balancing growth with risk management, compliance and operational efficiency. The Chief Fiduciary Officer is responsible for ensuring that Wealth Management (Busey Trust Company) is in compliance with federal and state statutes and regulations, that appropriate policies and procedures have been adopted to ensure such compliance, and that such policies and procedures are being followed. The Chief Fiduciary Officer reports to the President of Busey Wealth Management. Duties & Responsibilities Acts as key first line of defense within Busey Wealth Management, ensuring compliance with trust policies and procedures, enterprise risk management programs, as well as all applicable state and national banking and trust rules and regulations. Identifies and evaluates fiduciary risks across all products/solutions/processes and strategic growth initiatives. The position interfaces directly with others in WM and Busey Bank to ensure that appropriate fiduciary risk controls are identified and tested. Works with Internal Audit, Regulatory Compliance, Enterprise Risk Management, and external regulators (e.g., OCC, FRB, FDIC, SEC, State of North Carolina Commissioner of Banks, among others). Represents WM and serves as an active member of numerous WM and enterprise-wide risk and compliance committees and councils. Makes presentations, when requested, to the Board of Directors, Operational Risk Committee, and the Executive Compliance Committee. Provides fiduciary oversight to the investment management and middle office/fulfillment groups in the execution of their duties, including pre- and post- account and asset acceptance reviews, annual administrative and Reg 9 investment reviews, prudent exercise of discretion, interpretation of the governing documents, account terminations, and the administration of each trust in accordance with applicable laws, regulations, and the terms of the governing documents. Participates in the evaluation and approval of solutions to resolve escalated fiduciary issues and evaluation of capabilities required to meet clients' fiduciary administrative and investment needs. Engages with internal and external legal counsel as needed related to litigation items. Provides ongoing oversight and takes action to recommend elimination or adjustments to solutions, products, or processes, as appropriate. Interacts regularly with regulators, developing positive relationships and ensuring business processes and objectives are developed consistent with the FDIC guidance covering trust administration and investment management. Develops internal and external contacts to ensure changes in the personal and institutional trust and investment management industries are monitored, emerging risks are addressed, and market opportunities are identified, evaluated, and capitalized upon. Supervise, direct, develop, and evaluate direct reports, including development of training programs to enhance fiduciary knowledge and compliance awareness. Education & Experience Knowledge of: Strong oral and written communication skills Understanding of federal and state laws and regulations Deep understanding of the trust business in a fiduciary environment Excellent time and project management skills Ability to: Analyze and interpret numerical data Identify and analyze problem situations and develop appropriate solutions Perform duties and make decisions under frequent time pressures Act decisively in making solid, informed judgment calls in response to regulatory environment and day-to-day business issues. Education and Training: Requires a JD degree and additional designations a plus Requires 15+ years' experience within the financial services industry Requires as least 10 years of personal trust administration and/or investment management experience. Requires knowledge of Microsoft Office. Compensation and Benefits Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $210,000 - $275,000 annually) Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information. Equal Opportunity Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment. Unsolicited Resumes Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or email