Senior Specialist, Fiduciary

BNY Mellon•New York, NY

1d•Onsite

About The Position

We’re seeking a future team member for the role of Senior Specialist, Fiduciary to join our Wealth Management team. This role is located in NYC or Boston. In this role, you’ll make an impact in the following ways: Administer and advise the Wealth Management team on interpretation of key trust provisions and fiduciary duties for client relationships Support the management and growth of existing client relationships with a strong focus on risk management and responsible business growth Meet with clients, co-trustees, beneficiaries, and external advisors to ensure BNY is adhering to the highest fiduciary standards Assess, identify, escalate, and help address risk-related issues while coordinating administrative activities across the Wealth Management team Interpret governing trust documents and partner with internal teams and outside advisors to support complex fiduciary relationships May support estate settlement and probate administration, or charitable account administration, depending on the assignment Independently evaluate new business opportunities and client prospects, generate referrals, and help drive new revenue through increased flows and future fees Serve as a consultative resource to UHNW and HNW clients on solutions aligned to their short- and long-term strategic objectives Support client service, fiduciary administration, business development, and compliance activities in alignment with applicable policies and procedures Mentor and train less experienced team members; may provide oversight of client services in some regions.

Requirements

Bachelor’s degree or equivalent combination of education and experience required
2-5 years of experience in fiduciary administration, including fiduciary taxation and administrative support for client relationships
Strong knowledge of fiduciary practices, trust administration, and client servicing principles
Experience working directly with clients, legal advisors, tax advisors, and internal partners in a high-touch environment
Excellent interpersonal, written, verbal, and presentation skills
Self-motivated with the ability to manage multiple priorities, identify risk, and follow through on assigned matters

Nice To Haves

advanced degree preferred
CTFA or CFP preferred
Continuous learning mindset, with the ability to gain knowledge of policies and procedures to progress toward the Specialist role

Responsibilities

Administer and advise the Wealth Management team on interpretation of key trust provisions and fiduciary duties for client relationships
Support the management and growth of existing client relationships with a strong focus on risk management and responsible business growth
Meet with clients, co-trustees, beneficiaries, and external advisors to ensure BNY is adhering to the highest fiduciary standards
Assess, identify, escalate, and help address risk-related issues while coordinating administrative activities across the Wealth Management team
Interpret governing trust documents and partner with internal teams and outside advisors to support complex fiduciary relationships
May support estate settlement and probate administration, or charitable account administration, depending on the assignment
Independently evaluate new business opportunities and client prospects, generate referrals, and help drive new revenue through increased flows and future fees
Serve as a consultative resource to UHNW and HNW clients on solutions aligned to their short- and long-term strategic objectives
Support client service, fiduciary administration, business development, and compliance activities in alignment with applicable policies and procedures
Mentor and train less experienced team members; may provide oversight of client services in some regions