Sr. Trust Officer (Hybrid)
Posted on: 6 Feb 2022
New York, New York
Job Description
Fiduciary Trust is hiring a Sr. Trust Officer to join our New York City office located at 280 Park Avenue. This position will start off remote until our offices reopen (date is TBD), and this position is eligible for a hybrid work schedule (partially remote). We value work/life balance and believe in a highly collaborative and supportive work environment that encourages growth and development Additionally, relocation assistance may be offered for the right candidate.
Key responsibilities -
Administer trust accounts while remaining current on relevant laws, issues and topics.
Ensure transactions are in compliance with the trust agreement and applicable state laws.
Partner and collaborate with internal Relationship Managers to establish and maintain client contact. In partnership with our Relationship Managers, act as a point of contact for client and intermediaries with accountants, attorneys, and other trusted advisors.
Coordinate with tax department concerning tax issues arising during the course of the trust administration process.
Review daily overdraft report to determine how to cure income overdrafts. Coordinate with Portfolio Manager to raise cash to cure principal overdrafts.
Handle trust termination in coordination with our Trust Counsel, investment department, and tax department.
Oversee the new account process from opening to final funding; includes analyzing relevant documents to determine missing legal documentation required for compliance purposes, preparing KYC and Account Opening Forms.
Manage and oversee, large complex client relationships that include trusts, family limited partnerships, GRATs and foundations.
Respond to various client requests for wire transfers, discretionary principal payments, currency transactions, bill paying, deliveries/receives, gifts contributions, acquisitions and sales.
Ideal qualifications:
Bachelor’s degree required. JD and/or CTFA a plus
5-8 years’ of previous Trust Administration experience
Knowledge of Personal Trust Law and Administration
Knowledge of Global Plus or similar accounting systems desirable
Excellent oral and written communication skills
Strong attention to detail with the ability to perform multiple tasks in a fast-paced environment
Strong Excel and PowerPoint skills
Ability to respond to established timeframes and deadlines
Ability to organize and prioritize responsibilities and tasks
Franklin Templeton Investments
San Mateo, CA
Franklin Templeton Investments has grown from being recognized as one of the best small companies in America to being considered a premier global investment management organization. We offer clients a valuable perspective shaped by our seven decades of experience, investment expertise and growing global reach. The company was founded in 1947 in New York by Rupert H. Johnson, Sr., who ran a successful retail brokerage firm from an office on Wall Street. He named the company for US founding father Benjamin Franklin because Franklin epitomized the ideas of frugality and prudence when it came to saving and investing. The company's first line of mutual funds, Franklin Custodian Funds, was a series of conservatively managed equity and bond funds designed to appeal to most investors.
We have the strength that comes with size. And the insight that comes from seven decades of investing experience.
We maintain a long-term perspective in everything we do and run our business with the same level of discipline we apply to asset management. As a result, our credit ratings are among the highest in the industry.
Our business is diversified by client type and geography. In fact, over 50% of our sales are derived from outside the U.S4. We also maintain substantial liquid cash and investments which give us the flexibility to invest in ongoing innovation for our customers.
We believe these characteristics make us an ideal long-term partner in asset management.
Our strategies are managed by specialized investment teams comprised of more than 600 investment experts around the globe1. These teams are supported by an independent risk management group to ensure investment risks are optimized – not simply minimized.
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IndustryAccounting/Finance
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No. of Employees9,700
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Website
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Jobs Posted396
