Senior Associate, Fiduciary
Company: Bank of New York Mellon
Location: Greenwich
Posted on: September 19, 2023
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Job Description:
Overview
At the direction of more senior staff, the Lead Analyst (Associate
Fiduciary Specialist) administers and advises the Wealth Management
team on the interpretation of key provisions and duties of BNY
Mellon as trustee. In that role, the LA coordinates the strategic
plan for managing and growing existing client relationships, with a
focus on risk management. Must understand how to interpret
governing trust documents particular to each relationship, and work
with internal partners and external advisors. Will meet with
clients, co-trustees and beneficiaries to ensure BNY Mellon is
adhering to the highest fiduciary standards as trust advisor to
multi-generational families. Will be expected to assess, identify
and escalate/address risk-related issues. The LA will be expected
to orchestrate the varied administrative tasks through the support
of the Wealth Management team. May assist a more senior staff on
complex accounts to gain breadth/depth of knowledge. In some
instances, this role may be focused on Estate settlements. Specific
knowledge as to the settlement of estates and probates will be
required. Additionally, this role may be required to administer
charitable accounts in which specific knowledge will be required
pertaining to the policies and procedures of those accounts. The LA
independently evaluates and pursues new business opportunities and
client prospects, focusing on responsible business growth that is
compliant, of acceptable risk and profitable. Serves in a
consultative role to prospects, advising UHNW and HNW parties on
the best way to achieve their short- and long- term strategic
objectives through the firm's solutions. Pursues clients and
centers of influence with complex strategic needs and responsible
for generating new revenue by way of increased flows and future
fees.Gaining knowledge of polices and procedures is essential to
this role and required to move to the Specialist role. Client
service: Frequent and regular/scheduled interaction with clients,
including in-person client meetings. Serves as clients' primary
point of contact and are responsible for ensuring that all of WM's
resources are provided to clients in the Active Wealth
framework.Fiduciary administration: Subject matter expert on all
fiduciary topics which impacts clients and have in-depth knowledge
of WM's fiduciary practices, policies and procedures.
Client-focused work includes administration and planning projects
as requested by the client, peer Fiduciary Specialists or Active
Wealth strategic opportunities. Client activity may include the
general administration of the processing of discretionary and
non-discretionary request approvals, general account maintenance
approvals, with regard to proxy and statement reporting, and other
proprietary system maintenance associated with client
records.Business development: Demonstrates a business development
orientation and mindset and has annual self-sourced asset goals and
are expected to leverage existing client and COI relationships by
consistently and systematically asking for referrals from clients
and COIs, in order to generate self-sourced asset inflows, both IM
and banking, and future fee appointments. Work with teams on
opportunities sourced by other functional team members.Risk and
Compliance: Expected to adhere to all policies, procedures and
regulations. Timely completion of all assigned compliance tasks is
required. Training, development, and mentoring: Continuous learning
is expected. Serves as a role-model, and mentors and trains
less-experienced team members. No direct reports. In some regions,
may have oversight over client services.Responsible for achievement
and support of organic growth of assets and revenue goals assigned
to team and practice.MODIFIED BASED UPON LOCAL
REGULATIONS/REQUIREMENTSBachelor's degree or the equivalent
combination of education and experience is required.
Advanced/graduate degree preferred. 5+ years of experience in
fiduciary administration, including fiduciary taxation, and have
provided administrative support for client relationships. The
qualified candidate must be self motivated and possess very strong
interpersonal communication and presentation skills, as well as
excellent written and verbal communication skills as this position
deals directly with key client families and legal and tax advisors.
CTFA, CFP preferred.. BNY Mellon is an Equal Employment
Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals with Disabilities/Protected
Veterans. Our ambition is to build the best global team - one that
is representative and inclusive of the diverse talent, clients and
communities we work with and serve - and to empower our team to do
their best work. We support wellbeing and a balanced life, and
offer a range of family-friendly, inclusive employment policies and
employee forums.
Employer Description:
For over 230 years, the people of BNY Mellon have been at the
forefront of finance, expanding the financial markets while
supporting investors throughout the investment lifecycle. BNY
Mellon can act as a single point of contact for clients looking to
create, trade, hold, manage, service, distribute or restructure
investments and safeguards nearly one-fifth of the world's
financial assets. BNY Mellon remains one of the safest, most
trusted and admired companies. Every day our employees make their
mark by helping clients better manage and service their financial
assets around the world. Whether providing financial services for
institutions, corporations or individual investors, clients count
on the people of BNY Mellon across time zones and in 35 countries
and more than 100 markets. It's the collective ambition, innovative
thinking and exceptionally focused client service paired with a
commitment to doing what is right that continues to set us apart.
Make your mark: bnymellon.com/careers.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action
Employer. Minorities/Females/Individuals With
Disabilities/Protected Veterans. Our ambition is to build the best
global team - one that is representative and inclusive of the
diverse talent, clients and communities we work with and serve -
and to empower our team to do their best work. We support wellbeing
and a balanced life, and offer a range of family-friendly,
inclusive employment policies and employee forums.
Keywords: Bank of New York Mellon, Greenwich , Senior Associate, Fiduciary, Accounting, Auditing , Greenwich, Connecticut
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