Trust Officer Delaware
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Job Location:
Wilmington, DE - USA
Monthly Salary:
$ 135000 - 155000
Posted on:
18 hours ago
Vacancies:
1 Vacancy
Job Summary
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 youll get exposed to different cultures people and business development happening around the world.
Trust Officer - Delaware
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).
Key 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.
Ideal Qualifications:
Bachelors degree or equivalent experience required
CTFA preferred
5 years of previous trust administration experiencealong with:
Detailed understanding of Delaware law
Experience managing Delaware directed trusts with complex structures
Knowledge of personal trust law and administration
International trust administration experience preferred
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
Learn More: Explore our companys online presence to learn about our culture and what its like to work at Fiduciary Trust International
Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to supporttheir well-being and recognize their time talents and with base compensation employees are eligible for an annual discretionary bonus a401(k) plan with a generous match and recognition rewards. We also offer a comprehensive benefits package which includes a range of competitive healthcare optionsinsurance and disability benefits employee stock investment program learning resources career development programs reimbursement forcertain educationexpenses paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the annual salary for this position to range between $135000 - $155000 depending on level of relevant experience plus discretionary bonus.
#LI-US
#Hybrid
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests lifestyle or background theres a place for you at Franklin Templeton. We provide employees with the tools resources and learning opportunities to help them excel in their career and personal life.
By joining us you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health saving for lifes adventures taking care of your family members or making a positive impact in your community we aim to have them covered.
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees and we evaluate qualified applicants without regard to ancestry age color disability genetic information gender gender identity or gender expression marital status medical condition military or veteran status national origin race religion sex sexual orientation and any other basis protected by federal state or local law ordinance or regulation.
If you believe that you need an accommodation or adjustment due to a medical condition or disability to search for or apply for one of our positions please send an email to . In your email please include the accommodation or adjustment you are requesting the job title and the job number of the position you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
Required Experience:
Unclear Seniority
About Company
Franklin Templeton Investments is a global investment manager. At the core of our business are multiple world-class investment management groups – Franklin, Templeton and Mutual Series – each operating independently and offering their distinct perspectives to financial advisors and th ... View more
