Relationship Associate

Franklin Templeton • New York, NY

5d • $75,000 - $85,000 • Hybrid

About The Position

Fiduciary Trust International is a premier investment and wealth management firm with a commitment to growing and protecting wealth across generations. We offer a dynamic and collaborative approach to managing wealth for high-net-worth and ultra high-net-worth individuals and families, family offices, endowments, foundations, and institutions. Our investment managers, tax and estate planning professionals work together to develop holistic strategies to optimize clients’ portfolios while mitigating the impact of taxes on their wealth. As a fiduciary, the guidance we provide is in the best interests of our clients, without conflict or competing benefits. We offer boutique customization and deep expertise in specialized investment, tax and planning strategies alongside sophisticated technology and custody platforms. Fiduciary Trust International is owned by Franklin Templeton, a dynamic firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you’ll get exposed to different cultures, people, and business development happening around the world. Relationship Associate Fiduciary Trust International is hiring a Relationship Associate to join our New York City office. The Relationship Associate partners with the firm’s Client Service Team, which is comprised of Trust Officers, Portfolio Managers and Relationship Managers, in managing the wealth and financial needs of our High-Net-Worth (HNW) clients. The role requires regular interaction with HNW clients and follow-up and management of ongoing client deliverables. As our Associates gain more experience, they take on greater responsibility on smaller client relationships so that Portfolio Managers, Trust Officers, and Relationship Managers can focus on larger and more complex client relationships.

Requirements

• Bachelor’s degree
• 2–5 years’ experience in financial services with client-facing experience preferred
• Trust Administration background and knowledge highly preferred ; ability to review and interpret trust language a plus
• Desire to grow within the field of trust administration and wealth management generally
• Basic knowledge of competitors desired
• Experience using SEI or other accounting software desired
• Skilled in Excel, Word, and PowerPoint
• Detail-oriented with the ability to multi-task and meet deadlines
• Ability to work in a team-oriented environment while balancing the needs of the client
• Effective interpersonal skills and relationship building skills
• Ability to maintain confidentiality and handle client account information with discretion
• Strong oral and written communication skills
• Ability to work from our One Madison Avenue office a minimum of three days per week

Responsibilities

• You will work with our Trust Officers and Relationship Managers on High Net Worth family relationships, including account administration, preparing wealth projections, preparation of cash flows, fee reviews, and preparation of PowerPoint presentations for client meetings.
• You will review trust documents and ensure transactions are in compliance with the trust agreement.
• You will review daily overdraft report to determine how to cure income overdrafts and coordinate with Portfolio Manager to raise cash.
• You will initiate wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts and contributions.
• You will coordinate trust terminations and account closing in coordination with Trust Counsel and tax department.
• You will analyze relevant documents to begin Know Your Customer (KYC) processes and review account openings with Relationship Manager to determine proper administration of accounts.
• You will work closely with Trust Officers to establish and maintain client contact and act as a key point of contact for clients and intermediaries.

Benefits

• Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results.
• Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards.
• We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level