Director, Fiduciary Manager

BNY; Philadelphia (Philadelphia County); Hybrid; USD 128,000 - 297,000; Full time

Job summary

BNY is seeking a Director, Fiduciary Manager to lead fiduciary services. This role involves developing fiduciary strategies, managing risks, and ensuring compliance with fiduciary laws. Candidates must have extensive experience and a strong background in wealth management, positioning them as key leaders within a robust financial services team.

Benefits

Competitive compensation package

Flexible global resources and tools

Generous paid leaves including volunteer time

Qualifications

• 15+ years of experience in fiduciary administration is required.
• Demonstrated leadership within wealth management or legal services.
• Experience managing large teams is necessary.

Responsibilities

• Develop and implement BNY Wealth's nationwide strategy for fiduciary business.
• Ensure consistency of best practices for fiduciary administration activities.
• Assist in drafting fiduciary policies and procedures.

Skills

Leadership

Risk Management

Knowledge of Fiduciary Laws

Education

Bachelor's degree or equivalent

JD or advanced/graduate degree preferred

Job description

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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.

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 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.

About Us

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

About The Team

As one of the nation's leading wealth managers, BNY Mellon Wealth Management is dedicated to helping individuals, families, planned giving programs, endowments, foundations and other institutions with all of their wealth and investment planning needs. By providing integrated products, services and solutions, we help them capitalize on opportunity while managing risk. Backed by more than two centuries of experience, we understand our clients' needs and deliver customized strategies to help them reach their goals.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

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