Director – Fiduciary Manager
| Company | BNY |
|---|---|
| Location | Boston, MA, USA, Philadelphia, PA, USA, Pittsburgh, PA, USA, New York, NY, USA |
| Salary | $128200 – $296500 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Expert or higher |
Requirements
- Bachelor’s degree or equivalent combination of education and experience required; JD or advanced/graduate degree preferred.
- 15+ years of experience administering complex fiduciary relationships with demonstrated leadership within wealth management or legal services.
- Strong knowledge of fiduciary laws, best practices, and wealth management business acumen.
- Proven track record in risk and compliance management, ensuring adherence to policies, procedures, and regulations.
- Experience managing large or specialized teams, including mentoring, training, hiring, and performance management of fiduciary professionals.
Responsibilities
- Develop and implement BNY Wealth’s nationwide strategy for fiduciary business, working with key internal business partners.
- Evaluate and mitigate fiduciary risk associated with new high-risk fiduciary business opportunities.
- Ensure consistency of execution of best practices and technology optimization for fiduciary administration activities across our Wealth Management business.
- Partner with market teams to determine that investment policies, procedures and guidelines protect the interests of the parties to a fiduciary account.
- Assist with the drafting of fiduciary policies, procedures, develop training materials thereon.
- Liaise with and support Fiduciary Specialists nationally, delivering on fiduciary administration, training, revenue, budget, and business strategy and serving as a subject matter expert to wealth teams on day-to-day fiduciary issues.
- Working closely with Fiduciary Leadership, oversee the implementation of key Wealth Management fiduciary policies and procedures.
- Participating in National or Regional Trust Administrative Committees.
- Partner with external facing colleagues and centers of influence to identify fiduciary solutions for high net worth, multi-generational families.
Preferred Qualifications
- JD or advanced/graduate degree preferred.