Senior Fiduciary Officer

About the role

Serves as Senior Relationship Advisor and Senior Fiduciary Officer.

Responsibilities

• Manages assigned account base of wealth management clients.
• Works with client service team, clients, and their professional advisors to develop a thorough understanding of the client’s needs and goals.
• Focused client service with responsiveness, diplomacy, and tact; proactive client contact through written and verbal communication with suitable frequency.
• Exhibits excellent time management skills.
• Exhibits depth of knowledge of governing documents and account agreements.
• Exhibits extensive knowledge of fiduciary duties and applicable laws, including trust and tax law, estate planning techniques, financial planning, asset management, and prudent investment principles.
• Seeks continued development of fiduciary and advisory skills through training and experience.
• Combines technical knowledge with fact finding and analysis to develop advice-driven solutions for clients.
• Maintains a working knowledge of various Northern Trust (NT) resources and utilizes fiduciary knowledge, experience, and NT resources to identify opportunities for relationship enhancement.
• Builds and maintains knowledge of NT fiduciary standards and practices; applies fiduciary knowledge and judgment to fiduciary relationships.
• Recognizes fiduciary risk issues and seeks appropriate resolution.
• Supports implementation of national initiatives and programs; lends advisory expertise to business development opportunities.
• Assists relationship advisors in development plan design and implementation.
• Participates as requested on fiduciary oversight committees, including account acceptance and discretionary actions.
• Displays a balanced, cross-functional perspective, across disciplines and across regions, liaising with the business to reduce all elements of risk and to improve efficiency, effectiveness, and productivity.
• Develops fiduciary strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met.
• Cultivates relationships with referral sources and centers of influence to build the business; identifies and develops new business opportunities.
• Participates in community and professional organizations representing NT.
• Identifies opportunities to showcase NT expertise and thought leadership.

Requirements

• Broad knowledge of fiduciary and financial products and services, usually acquired through related work experience.
• Technical knowledge of investments, tax, legal, and operations, usually acquired through formal education or related experience.
• Thorough knowledge of fiduciary standards, principles, and applicable laws and regulations, usually acquired through training, seminars, or law school.
• Proven skills in negotiation, problem resolution, delegation, and leadership.
• Leadership and organizational skills to determine the Business Unit's goals and resources needed.

Qualifications

• Minimum 10 years’ experience as a lead relationship manager in trust administration, estate administration, estate planning, or related fields.
• Legal background, or commensurate experience, strongly preferred.

Skills

• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to manage multiple tasks and meet deadlines.
• Knowledge of fiduciary duties and applicable laws.
• Experience with financial planning and asset management.
• Ability to work independently and as part of a team.

Benefits

Comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Pay

$164,600 - 288,000 USD

Schedule

Northern Trust offers a flexible schedule to accommodate the needs of its employees.