About the role
Head of Trust - Lorum Return to jobs list Head of Trust Job type: Full Time · Department: Finance · Work type: On-Site · USD 240,000-260,000 / year New York, New York, United States Job details Application form This is a hybrid role that requires 4 days/week in our New York City office About Lorum The structural conflict at the centre of correspondent banking is not technological. It is economic. Banks earn revenue from their balance sheets: they lend deposits, capture FX spreads, and hold funds as long as it is rational to do so. Clearing, the act of releasing funds quickly and predictably, competes directly with those economics. An institution designed to lend has a structural incentive to hold deposits; an institution designed to clear has an incentive to release them. When one institution does both, clearing loses. The result is unpredictable settlement, trapped capital, and a correspondent network shrinking by design. Why Lorum Lorum was founded on a different premise: clearing as the business, not a byproduct. The model has been operational since 2023 and grew 55x in 2025, with USD clearing now the majority of volumes alongside a growing treasury offering. We have applied for a U.S. national trust bank charter. The people we hire now will build the clearing and treasury infrastructure it unlocks.
The role Lorum National Trust Bank is standing up a trust and fiduciary business, and we need the person to lead it as our most senior fiduciary officer. This is a founding hire: you'll build a trust function that meets OCC supervisory expectations from day one, and you'll be hands-on both designing it and running it in the early phase. Day-to-day
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, both digital and traditional, including key management and segregation between fiduciary and non-fiduciary custody Represent the Bank's fiduciary function to the OCC: licensing, examinations, information requests, and remediation Build and maintain the fiduciary policy suite, risk assessment framework, and conflicts-of-interest and self-dealing controls, consistent with 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
