Senior Fiduciary Officer at Northern Trust

Boca Raton, Florida, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Wealth ManagementIndustries

Requirements

Excellent time management skills
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
Ability to lead client conversations on Goals Driven Wealth Management and provide proactive advice on products/services, emerging issues, regulatory/tax changes
Ability to combine technical knowledge with fact-finding and analysis to develop advice-driven solutions and explain complicated concepts using non-technical terminology
Working knowledge of Northern Trust resources to identify opportunities for relationship enhancement
Knowledge of Northern Trust fiduciary standards and practices, with ability to apply fiduciary knowledge and judgment
Understanding and compliance with internal policies, processes, and procedures for prudent risk management
Balanced, cross-functional perspective across disciplines and regions

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
Leads client conversations for Goals Driven Wealth Management and provides proactive advice on Northern Trust products/services, emerging issues, regulatory/tax changes, and appropriate actions
Builds and maintains knowledge of Northern Trust fiduciary standards and practices; applies fiduciary knowledge and judgment to relationships; recognizes fiduciary risk issues and seeks resolution
Provides regional oversight of all fiduciary, compliance, and risk-related matters, including monitoring and resolution; available for consultation on trust administration, risk management, compliance, and GDWM implementation; involves trust counsel, Regional CFO, and Advisory Practice Leader as appropriate
Supports implementation of national initiatives and programs; lends advisory expertise to business development opportunities
Participates in hiring process for relationship advisors; provides feedback for annual reviews and compensation discussions based on subject matter expertise and fiduciary practices; assists in development plan design and implementation
Participates as requested on fiduciary oversight committees, including account acceptance and discretionary actions
Liaises with the business to reduce risk and improve efficiency, effectiveness, and productivity
Participates in developing fiduciary strategic plan and sets goals and priorities; ensures objectives are met
Provides leadership and guidance to staff, fostering employee participation, teamwork, and communication
Cultivates relationships with referral sources

Skills

Key technologies and capabilities for this role

Fiduciary DutiesTrust LawTax LawEstate PlanningFinancial PlanningAsset ManagementInvestment PrinciplesWealth ManagementClient Relationship ManagementGoals Driven Wealth Management

Questions & Answers

Common questions about this position

What is the employment type for this Senior Fiduciary Officer position?

The position is full time.

What salary or compensation is offered for this role?

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 of governing documents, account agreements, fiduciary duties, applicable laws including trust and tax law, estate planning techniques, financial planning, asset management, and prudent investment principles, along with excellent time management, diplomacy, tact, and the ability to explain complex concepts simply.

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 this Senior Fiduciary Officer position?

Strong candidates demonstrate extensive fiduciary knowledge, proactive client service, leadership in regional oversight of compliance and risk, and the ability to provide advice-driven solutions while seeking continued professional development.