Senior Fiduciary Officer at Northern Trust

Dallas, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Wealth Management, Financial ServicesIndustries

Requirements

Depth of knowledge of governing documents and account agreements
Extensive knowledge of fiduciary duties and applicable laws, including trust and tax law, estate planning techniques, financial planning, asset management, and prudent investment principles
Continued development of fiduciary and advisory skills through training and experience
Working knowledge of Northern Trust (NT) resources and products/services
Knowledge of NT fiduciary standards and practices, internal policies, processes, and procedures for prudent risk management

Responsibilities

Manages assigned account base of wealth management clients by working with client service team, clients, and their professional advisors to develop understanding of client needs and goals; provides focused client service with responsiveness, diplomacy, tact, and proactive contact
Provides proactive advice to clients on NT products/services, emerging issues, regulatory/tax changes, and appropriate actions; develops advice-driven solutions using technical knowledge, fact-finding, and analysis; explains complex concepts in non-technical terms; identifies opportunities for relationship enhancement
Applies fiduciary knowledge and judgment to fiduciary relationships; recognizes fiduciary risk issues and seeks appropriate resolution; complies with internal policies for risk management
Provides regional oversight of all fiduciary, compliance, and risk-related matters, including monitoring and resolution; serves as resource for advisors on trust administration, risk management, compliance, and GDWM implementation; consults with trust counsel, Regional CFO, and Advisory Practice Leader as needed
Supports implementation of national initiatives and programs; provides advisory expertise to business development; participates in hiring relationship advisors; provides feedback for annual reviews and compensation based on fiduciary expertise and compliance; assists in advisor development plans
Participates as requested on fiduciary oversight committees, including account acceptance

Skills

Key technologies and capabilities for this role

Fiduciary ServicesRisk ManagementComplianceTrust LawTax LawEstate PlanningFinancial PlanningAsset ManagementInvestment Principles

Questions & Answers

Common questions about this position

What is the employment type for the Senior Fiduciary Officer role?

The position is full-time employment.

Is this Senior Fiduciary Officer position remote or office-based?

This information is not specified in the job description.

What key skills are required for the Senior Fiduciary Officer role?

The role requires depth of knowledge in governing documents, account agreements, fiduciary duties, applicable laws including trust and tax law, estate planning, financial planning, asset management, and prudent investment principles, along with excellent time management, relationship management, and risk management skills.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, providing innovative financial services with leading technology and exceptional service to sophisticated clients, supported by over 22,000 partners.

What makes a strong candidate for the Senior Fiduciary Officer position?

Strong candidates demonstrate extensive fiduciary knowledge, proactive client service with responsiveness and diplomacy, ability to explain complex concepts simply, risk management judgment, and commitment to ongoing skill development through training.