Position Title: President, Cadence Asset Management & Trust
Location: Houston, TX
What The Role is:
The President of Cadence Asset Management & Trust shall be responsible for all aspects of the bank's asset management and fiduciary line of business.
How You Will Make an Impact:
- Provide strategic vision and leadership to the AM&T line of business by developing and setting goals and objectives for AM&T consistent with the overall goals and objectives of Cadence Bank as a whole.
- Financial Management: Oversee the financial health of AM&T, including budgeting, financial planning, revenue growth, expense control and overall profitability.
- Regulatory Compliance: Ensure that AM&T complies with all relevant financial regulations and applicable law, including but not limited to those directly related to asset management and trust/fiduciary services.
- Client Relationship Management: Build and maintain or cause to be built and maintained, client relationships with affluent, high-net-worth and ultra high net worth families and individuals.
- Create strategic and client based relationships with other banking partners, centers of influence, institutions, and stakeholders to attract, develop and retain ongoing business consistent with a core asset management and fiduciary practice.
- Investment Strategy: Develop and implement or cause to be developed and implemented, investment strategies that align with the client's goals and client needs and/or beneficiary goals and needs, including portfolio construction and design, ongoing portfolio management and sound asset allocation principles utilizing modern investment theory.
- Ensure proper and well vetted investment vehicles are available to clients which provide risk reward profiles consistent with client risk tolerances or ongoing fiduciary duty.
- Assess and mitigate risks associated with asset management and trust services with an overall goal of safeguarding clients' assets.
- Lead and manage a team of professionals, lower tier managers as well as other individuals including portfolio managers, trust officers, and support staff.
- Must foster a culture of excellence and collaboration which promotes open and honest communication and team camaraderie.
- Ongoing recruitment and personnel development efforts designed to provide clear avenues for advancement, succession and business expansion.
- Identify opportunities for business growth, expansion, and diversification of services consistent with core asset management and trust business.
- Prevent or eliminate any drift from core business including high risk low return activities or high return activities with outsized risk.
- Provide regular reports and updates to the senior executives, board of directors and other stakeholders on AM&T's performance and strategic initiatives.
- Uphold high ethical standards and ensure that AM&T operates with integrity and transparency.
- Technology and Innovation: Stay abreast of industry trends and technology advancements, incorporating innovative solutions into AM&T's operations when possible and as approved by the Bank's technology development team and processes.
- Act as AM&T's Chief Fiduciary Officer and as a fiduciary for clients, making decisions in their best interests and ensuring legal compliance.
- Engage in industry associations and networking events to stay connected with peers and stay informed about industry developments.
- Develop contingency plans and strategies to address potential crises or market downturns.
- Establish key performance indicators (KPIs) and regularly assess AM&T's performance against these metrics.
- Collaborate with the various management level committees, senior executives, and board of directors to implement their directives and provide guidance on company strategies and applicable business conditions and trends.
Who You Are:
- Bachelor's Degree required; MBA or other advanced degree such as J. D. is preferred;
- Ongoing professional education and training sufficient to create awareness of changes in regulations, products or market conditions.
- Minimum of 10 years of relevant experience in a leadership role in investment management.
- An understanding of the role of a fiduciary and the products and services applicable to fiduciary relationships.
- Strong leadership skills.
- Ability to evaluate business unit performance and create strategic plans to improve performance.
- Experience with corporate governance and establishing required internal controls systems that protect Corporate and Client assets.
- Working knowledge of trust and retirement plan regulatory compliance.
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