Director, Fiduciary Manager

Davita Inc.; Philadelphia (Philadelphia County); Hybrid; USD 128,000 - 297,000; Full time

Job summary

BNY seeks a Director for fiduciary services to lead strategy implementation, manage risk, and ensure compliance in their Wealth Management team. Ideal candidates will have extensive experience in fiduciary management and possess strong leadership and legal knowledge. This hybrid role, located in Philadelphia, NYC, Pittsburgh, or Boston, offers a competitive salary and benefits in a dynamic, inclusive environment.

Benefits

Competitive compensation package

Generous paid leaves

Family-friendly employment policies

Qualifications

• 15+ years of experience in wealth management or legal services.
• Strong knowledge of fiduciary laws and best practices.
• Proven track record in compliance management.

Responsibilities

• Develop and implement fiduciary strategy nationwide.
• Mitigate fiduciary risk for high-risk business opportunities.
• Oversee fiduciary policies, procedures, and compliance.

Skills

Leadership

Risk Management

Fiduciary Laws Knowledge

Education

Bachelor's degree or equivalent combination of education and experience

JD or advanced/graduate degree preferred

Job description

Director, National Team Leader, Fiduciary Services, BNY Wealth

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system, we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Director, National Team Leader, Fiduciary Services, to join our Wealth Management team. This position will report to our Chief Fiduciary Officer and can be located in Philadelphia, PA, New York, NY, Pittsburgh, PA or Boston, MA (HYBRID)

In this role, you'll make an impact in the following ways:

• Develop and implement BNY Wealth's nationwide strategy for fiduciary business, working with key internal business partners.


• Evaluate and mitigate fiduciary risk associated with new high-risk fiduciary business opportunities.


• Ensure consistency of execution of best practices and technology optimization for fiduciary administration activities across our Wealth Management business.


• Partner with market teams to determine that investment policies, procedures and guidelines protect the interests of the parties to a fiduciary account.


• Assist with the drafting of fiduciary policies, procedures, develop training materials thereon


• Liaise with and support Fiduciary Specialists nationally, delivering on fiduciary administration, training, revenue, budget, and business strategy and serving as a subject matter expert to wealth teams on day-to-day fiduciary issues.


• Working closely with Fiduciary Leadership, oversee the implementation of key Wealth Management fiduciary policies and procedures.


• Participating in National or Regional Trust Administrative Committees.


• Partner with external facing colleagues and centers of influence to identify fiduciary solutions for high net worth, multi-generational families.

To be successful in this role, we're seeking the following:

• Bachelor's degree or equivalent combination of education and experience required; JD or advanced/graduate degree preferred.


• 15+ years of experience administering complex fiduciary relationships with demonstrated leadership within wealth management or legal services.


• Strong knowledge of fiduciary laws, best practices, and wealth management business acumen.


• Proven track record in risk and compliance management, ensuring adherence to policies, procedures, and regulations.


• Experience managing large or specialized teams, including mentoring, training, hiring, and performance management of fiduciary professionals.

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024


• World's Most Admired Companies, Fortune 2024


• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024.


• Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024.


• "Most Just Companies", Just Capital and CNBC, 2024


• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024


• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $128,200 and $296,500 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.