Sharon M. Urban
MD
Summary
Professional experience working in the Fiduciary and Estate Planning Space for Ultra High Net Worth Individuals. Able to work collaboratively in multi-functional areas to build the business. Strong background in taxation, law and investments.
Hardworking Associate Director knowledgeable about business practices in the Financial Services industry. Adept at supporting and enhancing operations with a decisive leadership style and strategic approach to decision making.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Associate Director of Risk & Compliance
JTC Trust Company
08.2017 - Current
- Collaborate with Attorneys, Financial Advisors, CPAs and Internal Team Members to Onboard New Trust Accounts for Ultra High Net Worth Individuals
- Prepared Reviews of Estate Planning Documents for Trust Administration, Tax and Compliance with Regulations and Policies and Procedures
- Review of Special Assets Administered by the Trusts
- Worked in the Foreign Trust Account Groups and key achievement was the Resolution of $25 Million in 3520 Penalties
- Developing Compliance Policies and Procedures: Creating and implementing policies and procedures to ensure compliance with applicable laws and regulations
- Keeping abreast of changes in laws and regulations that may impact the organization's compliance obligations and updating policies and procedures accordingly
- Monitoring Compliance: Regularly monitoring the organization's operations to ensure compliance with internal policies as well as external laws and regulations
- Risk Assessment: Conducting risk assessments to identify areas of potential non-compliance and developing strategies to mitigate those risks
- Investigations: Investigating any allegations of non-compliance, such as violations of company policies or regulatory requirements
- Audits and Reviews: Conducting regular audits and reviews of the organization's compliance efforts to identify areas for improvement
- Streamline Tax Processes and BSA/AML Programs
- Mentor Staff
Consultant
Seasonal Accountant
12.2016 - 04.2017
- Tax compliance for all types of entities including corporations (S & C), partnerships, individuals, non-profits and trusts and estates
- Tax Planning for high-net-worth individuals, closely held businesses, partnerships and corporations
- Tax research and preparation of research memorandums
- Federal and state government audit representation and conflict resolution
Assistant Vice President/Trust Relationship Manager
Reliance Trust Company
09.2015 - 05.2016
- Offered the officer-level position by the Reliance management team after completing a long-term consulting engagement
- Managed high-profile clients (valued at over $300M), third-party agents, and internal trust administrators to address trust-account-related issues, including distributions, compliance issues, account closings, and account openings
- Evaluated trust documents to ensure structure and allocation amounts/schedules met policies, laws, and regulations
- Led post-UBS trust conversion efforts by reviewing all trust accounts for compliance with Reliance standards and ensuring distribution schedules, ticklers, and statements were properly set up on new systems
- Collaborated with attorneys and trust accountants to prepare for an IRS estate audit (which included promissory notes, special assets, hedge funds, diversified trusts, and co-trustees) of one of the top 20 clients in the firm
Trust Account Remediation Consultant
Reliance Trust Company
07.2013 - 08.2015
- Selected by UBS leadership team to perform a comprehensive audit and assist with pre-sale due diligence, trust account research, and account remediation
- Audited 500+ trust account files to ensure compliance with securities regulations and corporate policies and verified account acceptance procedures, BSA, AML, KYC, OFAC, and CIP regulations were followed and documented
- Verified real estate, unique assets, and life insurance policies were reflected in the trust accounting system, ensuring fees were billed and working with external tax preparers to ensure trust tax returns were filed properly
- Prepared Source of Wealth packages for existing and dormant accounts and account summaries for all accounts
- Reported and remediated trust account issues and exceptions uncovered during the audit
Education
Master of Laws (LLM) - Taxation
University of Baltimore
Baltimore, MDJuris Doctorate - undefined
University of Baltimore
Baltimore, MDMasters of Business Administration (MBA) - Business Administration
Loyola University Maryland
Baltimore, MDBachelor of Arts - Liberal Arts
Notre Dame of Maryland University
Baltimore, MDSkills
- Internal Auditing
- Compliance & Oversight
- Wealth Management
- Financial Operations
- Fiduciary Services
- Strategic Leadership
- Account Management
- Taxation Processes
- Problem Solving
- Litigation Services
- Training & Development
- Customer Service
- Multiplatform Communications
- Critical Thinking
- Diversity, Equity, & Inclusion
- Strategic leadership
- Key relationship management
- Resources allocation
Additionalcourseworkandtraining
- Certified Financial Planner Coursework from the American College
- Accredited Estate Planning Certificate from the American College
Certificatesandlicenses
- Bar Admission, Maryland, Washington, DC
- Certified Public Accountant (CPA), Florida, Maryland
- Insurance, Maryland
- Certified Fraud Examiner (CFE)
- Certified Internal Auditor (CIA)
- Certified Fiduciary Investment and Risk Specialist (CFIRS)
Certification
- CPA
- CIA
Timeline
Associate Director of Risk & Compliance
JTC Trust Company
08.2017 - Current
Consultant
Seasonal Accountant
12.2016 - 04.2017
Assistant Vice President/Trust Relationship Manager
Reliance Trust Company
09.2015 - 05.2016
Trust Account Remediation Consultant
Reliance Trust Company
07.2013 - 08.2015
Juris Doctorate - undefined
University of Baltimore
Masters of Business Administration (MBA) - Business Administration
Loyola University Maryland
Bachelor of Arts - Liberal Arts
Notre Dame of Maryland University
Master of Laws (LLM) - Taxation
University of Baltimore
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