As a Vice President, Fiduciary I at BNY, you will make an impact in the Wealth Management team by administering and advising on key provisions and duties of BNY as trustee, coordinating strategic plans for managing and growing client relationships, and ensuring fiduciary standards are met. You will also assess and escalate risk-related issues, administer charitable accounts, and pursue new business opportunities.
Requirements
- Administers and advises the Wealth Management team on the interpretation of key provisions and duties of BNY as trustee.
- 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 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.
- Orchestrate the varied administrative tasks through the support of the Wealth Management team.
- May assist a more senior Fiduciary Specialist on complex accounts to gain breadth/depth of knowledge.
- 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.
- Frequent and regular/scheduled interaction with clients, including in-person client meetings.
- 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.
- 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.
Benefits
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
- Visa Sponsorship
- Four Day Work Week
- Generous Parental Leave
- Tuition Reimbursement
- Relocation Assistance
