Director, Trust Administration

About the role

The Director, Trust Administration oversees the firm’s fiduciary activities and leads a team of trust professionals who engage with clients, prospects, and their advisors to deliver and administer wealth transfer plans, including trusts.

Responsibilities

• Oversee Fiduciary Activities:
  • Act as a practice leader for the trust department on a nationwide basis, working in conjunction with separate Heads of Trust Administration in Delaware and Pennsylvania.
  • Maintain awareness of developments and changes in laws affecting trusts, estates, and taxes and ensure trust department professionals are current on these developments and / or changes.
  • Suggest and implement necessary changes to the operations and activities of trust officers, including fiduciary processes and procedures, automation of processes, and the group’s structure and staffing.
  • Ensure the effective and consistent implementation of trust administration policy and procedures nationally.
  • Provide training and support as needed to trust professionals (including support personnel) to ensure that services are delivered in a consistent and coordinated manner across the firm.
  • Provide technical advice to senior management on matters concerning trust administration (in conjunction with the Chief Fiduciary Officer).
  • Partner with trust professionals, trust counsel and relationship and portfolio managers on fiduciary and related matters.
  • Troubleshoot issues presented in the course of trust administration.
  • Build and sustain a team of indirect and direct reports who are capable of delivering a high level of service to the company’s trust clients.
  • Absess the performance of the trust department staff (performance management process, promotions, salary and bonus recommendations).
• Risk Management & Compliance:
  • Participate as a senior trust subject matter expert regarding the trust department’s risk management and compliance responsibilities and the appropriate internal and external reporting of such matters.
  • Participate and act as a trust subject matter expert at various internal Company committees.
  • Participate in the management and oversight of the trust department’s budget and expenses.
  • Work with Legal and Compliance to resolve issues that arise within trust administration.
  • Responsible for staying abreast and implementing applicable rules and developments that have a regulatory impact on the fiduciary activities of the firm.
  • Work with internal and external auditors to ensure compliance with applicable policies and procedures.
• Building Our Brand/Growth Strategy:
  • Cultivate relationships with centers of influence (i.e. trust & estates attorneys).
  • Partner and strategize with senior management and business development officers on cultivation of prospects.
  • Contribute, as needed, to the development of the business strategy for trust department’s growth and role with the firm, including marketing and related sales initiatives and related marketing materials.
  • Coordinate with Market Teams the integrated delivery and awareness of services.

Qualifications

• Bachelor’s Degree required.
• JD desired, but not required.
• LLM in tax law a plus.
• 10 + years of experience in one or more of the following areas: Trust Administration, Trust and Estate Planning, Private Wealth Management, Banking.
• Proficient with Personal Trust Law and Administration.
• Ability to travel to other FTI offices as needed; ability to travel to various customer, vendor locations and industry conferences.

Pay

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the base salary for this position to range between $215,000 – $245,000, depending on location and level of relevant experience, plus discretionary bonus.