Account Manager, WM Advisory

Quest Oracle Community; New York (NY); On-site; USD 78,000 - 128,000; Full time

Benefits offered by this job

401k and pension

Medical, dental, vision benefits

Paid time off

Job summary

Northern Trust is seeking a seasoned Trust/Wealth Management professional to support/serve client relationships by coordinating administration of fiduciary, investment, estate settlement and custody accounts. The role involves responding to client inquiries, preparing action plans and reports, and coordinating with the Client Support Services Team.

Ideal candidates have 5–7 years in financial servicing or related fields, strong communication, and technical knowledge (e.g., Peoplesoft).

Qualifications

• Excellent oral and written communication skills are required.
• In-depth knowledge of personal trust, estate, guardian and advisory services and products.
• Knowledge of internal bank trust functions.

Responsibilities

• Coordinate administration of fiduciary, investment management, estate settlement, guardianship, and/or custody accounts for complex client relationships.
• Respond to client inquiries and provide action plans and reports.
• Oversee transaction processing in coordination with Client Support Services Team.
• Assist in business development and client presentations.
• Mentor junior staff and potentially supervise daily activities.

Skills

Client relationship management

Financial services knowledge

Analytical skills

Communication

Organizational skills

Education

Bachelor’s degree or higher in a related field

Tools

Peoplesoft

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

• Under general supervision (but works independently most of the time), responsible for supporting/servicing team client relationships by coordinating administration of complex fiduciary, investment management, estate settlement, guardianship, and/or custody accounts. The Partner establishes and maintains the account, responds to client inquiries, produces action plans and reports, and oversees transaction processing in coordination with the Client Support Services Team. This partner assists Wealth Management Trust Advisors, Estate Settlement Administrators, Guardianship Administrators and/or Client Advisors with client requests, meetings, business development and creating client presentations.
• Major Duties :
  
  1. Coordinates account administration for fiduciary, investment management, estate settlement, guardianship, and/or custody accounts for complex client relationships.
  2. Coordinates resolution of client issues and informs clients of steps taken to resolve requests or problems.
  3. Develops and maintains working knowledge of governing documents and account agreements.
  4. Receives service requests from clients and partners, and communicates to service partners; obtains appropriate information from partners and clients to facilitate service changes or transactions.
  5. Oversees development of appropriate action plans for client servicing events and ensures execution and follow-up; communicates with clients regularly to inform them of account set-up or status, document requests, or other information.
  6. Engages the Client Support Services Team on execution of client servicing events, account opening and closing, cash movement, and fee set-ups.
  7. Identifies service efficiency enhancements, process improvements, and service delivery using creative and proactive measures.
  8. Develops and maintains a working knowledge of various business applications critical to relationship management including client on-line tools.
  9. Assists Trust Advisors, Estate Settlement Administrators, Guardianship Administrators, and/or Client Advisors in account acceptance process, discretionary request analysis and process, compliance management and annual account review process; ensures appropriate documentation is collected and imaged; ensures systems information is up-to-date; ensures accurate set up and review of fees; documents services provided, specialized procedures, and ongoing written communications with client as appropriate in managing daily activity.
  10. Assists Trust Advisors, Estate Settlement Administrators, Guardianship Administrators, and/or Client Advisors with business development and client presentations.
  11. Able to serve as a key subject matter expert and mentor to other more junior level employees
  12. May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role)
  13. More technically sound in area of expertise and has broader knowledge of other areas
  14. Able to facilitate discussions and reach decisions
  
  Knowledge :

  Excellent oral and written communication skills are required

  In-depth Functional / Industry Knowledge of personal trust, estate, guardian and Advisory services and products, usually acquired through related work experience, is required

  Knowledge of internal bank trust functions is required

  Analytical, problem solving, and organizational skills are required

  Highly flexible and adaptable to change

  Technical skills / systems knowledge (e.g. Peoplesoft) is required

  
  Experience :

  A College or University degree and/or relevant proven work experience is preferred. 5-7 years¿ experience in financial servicing or related experience/credentials preferred.

Salary Range:

$77,625 - 128,225 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail] , or alternatively you can discuss your individual requirements with the recruiter you are working with.