Trust Officer - Delaware
About The Position
Fiduciary Trust International is a premier investment and wealth management firm committed 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. Fiduciary Trust International is hiring a Trust Officer to join its Wilmington, DE office, consisting of 11 trust professionals. This position is eligible for a hybrid work schedule (two days in office).
Requirements
- Bachelor’s degree or equivalent experience required
- 5+ years of previous trust administration experience
- Detailed understanding of Delaware law
- Experience managing Delaware directed trusts with complex structures
- Knowledge of personal trust law and administration
- Excellent verbal and written communication skills
- Strong attention to detail with the ability to perform multiple tasks in a fast-paced environment
- Previous experience working in a small team environment
Nice To Haves
- CTFA preferred
- International trust administration experience preferred
Responsibilities
- Administer discretionary trust and directed trust accounts while remaining current on relevant laws, issues and topics.
- Respond to various client requests for wire transfers, discretionary payments, currency transactions, bill paying, deliveries/receives, gifts, contributions, acquisitions, and sales.
- Ensure transactions are in compliance with the trust agreement and state laws.
- Serve as a point of contact for client and intermediary with accountants, attorneys, and other trusted advisors.
- Coordinate with tax department concerning tax issues arising during the course of the trust administration process.
- Review daily overdraft report to determine how to cure income overdrafts.
- Coordinate with Portfolio Manager to raise cash to cure principal overdrafts.
- Handle termination of trusts in coordination with our Trust Counsel, Investment Department, Tax Departments, and other parties as necessary.
- Oversee the new account opening process from KYC to final funding; this included analyzing relevant documents to determine missing legal documentation required for compliance purposes.
- Manage and oversee, large complex client relationships that include trusts, family limited partnerships, GRATs and foundations.
Benefits
- annual discretionary bonus
- 401(k) plan with a generous match
- recognition rewards
- comprehensive benefits package
- range of competitive healthcare options
- insurance
- 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)
- motivational wellbeing program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
