Trust Officer - Delaware
About The Position
Fiduciary Trust International is a premier investment and wealth management firm dedicated to growing and protecting wealth across generations. We employ 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 team of investment managers, tax, and estate planning professionals collaborates to create holistic strategies that optimize client portfolios while minimizing the tax impact on their wealth. As a fiduciary, our guidance is always in the best interests of our clients, free from conflicts or competing benefits. We provide boutique customization and deep expertise in specialized investment, tax, and planning strategies, complemented by sophisticated technology and custody platforms. Fiduciary Trust International is part of Franklin Templeton, a diverse firm involved in asset management, wealth management, and fintech, offering numerous avenues to assist investors in achieving their objectives. With clients in over 150 countries and offices on six continents, you will gain exposure to diverse cultures, people, and global business development.
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, staying current on relevant laws, issues, and topics.
- Respond to client requests for wire transfers, discretionary payments, currency transactions, bill paying, deliveries/receives, gifts, contributions, acquisitions, and sales.
- Ensure all transactions comply with the trust agreement and state laws.
- Act as a point of contact for clients and intermediaries, including accountants, attorneys, and other trusted advisors.
- Coordinate with the tax department regarding tax issues that arise during trust administration.
- Review the daily overdraft report to resolve income overdrafts.
- Coordinate with the Portfolio Manager to raise cash for principal overdrafts.
- Manage the termination of trusts in collaboration with Trust Counsel, the Investment Department, Tax Departments, and other necessary parties.
- Oversee the new account opening process from KYC to final funding, including analyzing relevant documents to identify missing legal documentation for compliance.
- Manage and oversee large, complex client relationships involving trusts, family limited partnerships, GRATs, and foundations.
Benefits
- Annual discretionary bonus
- 401(k) plan with a generous match
- Recognition rewards
- Comprehensive benefits package
- 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
