Associate Estate Trust Officer -- Associate Fiduciary Specialist
About The Position
At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Banking, Lending, & Trust (BL&T) unlocks access to Wells Fargo Bank products and services to high-net-worth and ultra-high-net-worth individuals and families based on needs related to banking, custom lending, and trust services. These bank specialists leverage resources, valuable research, relationships, custom solutions, and highly tuned strategies to address clients' unique needs and aspirations. BL&T further provides guidance on a variety of banking and fiduciary topics including investment management, general trust administration, specialty trusts, custody, tax, specialty assets, regulatory, privacy, ecommerce, deposit relationship and strategy, and business strategies. The section also provides support to the WIM Diverse Segments group, including WIM referral activity. Trust Services Trust advisors discuss the needs of HNW and UHNW clients and provide personalized advice and wealth and asset management services, including: Personal trust services. Estate services. Philanthropic services. Closely held asset management. Real estate and loan asset management. Oil, gas and mineral management. Legacy trust services. Special needs trust services. Managed Individual Retirement Accounts (IRA). About this role: Wells Fargo is seeking an Associate Estate Trust Officer – Associate Fiduciary Specialist focused on Estate Services within the Banking, Lending, and Trust division of Wealth and Investment Management. Learn more about the career areas and lines of business at Working at Wells Fargo | Jobs and Careers at Wells Fargo (wellsfargojobs.com) Work with a team of fiduciary professionals to administer a book of fiduciary relationships, including analyzing trust and estate documents, implementing client estate plans, and ensuring client accounts are managed in accordance with sound fiduciary principles and applicable law. Engage clients, advisors and internal partners to deliver a high-touch client experience within a strong risk management framework. Execute on client requests, including money movement, investment implementation and account management. Build a strong understanding of fiduciary concepts and principles, including trust accounting, discretionary distribution standards and prudent investing. Build and maintain a strong knowledge of internal policies and procedures including, but not limited to, distributions, account maintenance, account opening and closing, KYC requirements, annual account reviews, and management of overdrafts. Develop an ability to identify fiduciary risk and escalate appropriately. Act as a culture carrier for the firm to influence outcomes and build an inclusive, collaborative and client-focused environment for our fiduciary professionals.
Requirements
- 6+ months of Fiduciary Products experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience and education
Nice To Haves
- J.D., CFP, or CTFA preferred
- Knowledge and understanding of trust administration practices, fiduciary responsibilities, estate settlement processes, and applicable tax considerations
- MS Office (Teams, Word, Outlook, Excel and PowerPoint)
- Ability to work effectively within a team and build strong working relationships across business channels and at all levels of management
- Demonstrate a high level of organizational skills, including time and priority management
- Collaborate effectively with relationship team members, client’s advisors and other colleagues
- Solutions-oriented and able to operate within a diverse, fast-paced environment
- Strong conflict resolution skills
- Strong leadership, communication and presentation skills
Responsibilities
- administer a book of fiduciary relationships, including analyzing trust and estate documents, implementing client estate plans, and ensuring client accounts are managed in accordance with sound fiduciary principles and applicable law
- Engage clients, advisors and internal partners to deliver a high-touch client experience within a strong risk management framework
- Execute on client requests, including money movement, investment implementation and account management
- Build a strong understanding of fiduciary concepts and principles, including trust accounting, discretionary distribution standards and prudent investing
- Build and maintain a strong knowledge of internal policies and procedures including, but not limited to, distributions, account maintenance, account opening and closing, KYC requirements, annual account reviews, and management of overdrafts
- Develop an ability to identify fiduciary risk and escalate appropriately
- Act as a culture carrier for the firm to influence outcomes and build an inclusive, collaborative and client-focused environment for our fiduciary professionals
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
