Senior Associate, Trust Real Estate - Wealth Management

BNY; Philadelphia (Philadelphia County); On-site; USD 70,000 - 114,000; Full time

Benefits offered by this job

Competitive salary

Paid volunteer time

Flexible resources and tools for wellbeing

Job summary

A leading global financial services firm is seeking a Senior Associate in Trust Real Estate for Wealth Management. Located in Philadelphia or Boston, the role involves administering a national portfolio of specialty assets while ensuring compliance with regulations. The ideal candidate holds a Bachelor's degree and has 3–5 years of financial experience. Skills in analytical thinking and client engagement are crucial. A competitive compensation package is offered, significantly aligning with performance and experience.

Qualifications

• 3–5 years prior financial/investment experience.
• Experience managing specialty assets in fiduciary or wealth management environments.
• Strong understanding of OCC regulations and fiduciary standards.

Responsibilities

• Administer a diverse, nationwide portfolio of specialty assets.
• Ensure compliance with OCC regulations and BNY policy guidelines.
• Collaborate with high-net-worth clients to understand their asset strategies.

Skills

Analytical skills

Research skills

Cross-functional collaboration

Communication skills

Education

Bachelor’s degree

MBA or CFA (preferred)

Job description

Job Description

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting‑edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

We’re seeking a future team member for the role of Senior Associate, Trust Real Estate – Wealth Management. This role can be located in Philadelphia, PA or Boston, MA.

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

• Administer a diverse, nationwide portfolio of specialty assets held in fiduciary accounts, including commercial and residential real estate, mineral interests, tangible assets, and mortgage‑related assets. The role applies disciplined, asset‑specific management strategies within regulatory and policy frameworks, collaborates across internal and external stakeholders, and delivers client‑centered outcomes that drive growth, retention, and risk‑aware performance.
• Ensure full compliance with Office of the Comptroller of the Currency (OCC) regulations and BNY policy guidelines, lead end‑to‑end oversight of specialty assets, complete Regulation 9 reviews, annual inspections, monitor valuation, performance tracking, documentation, and execution of asset strategies.
• Implement asset strategies consistent with investment policies, fiduciary standards, and client objectives. Monitor market trends and regulatory changes; adjust tactics to optimize performance within risk and compliance frameworks.
• Manage and evaluate capital projects, hold/sell decisions, and monetize opportunities to support client goals. Monitor asset‑level dynamics, cash flows, and market conditions.
• Collaborate with clients, trust counsel, third‑party affiliates, and internal partners, Wealth Managers, Investment Managers, Legal, and Risk & Compliance, to deliver coordinated, high‑quality outcomes.
• Meet with high‑net‑worth clients to understand their asset strategies and real estate investment objectives, risk tolerance, and long‑term goals. Discuss current market conditions; implement investment strategies for complex assets aligned with client goals, risk tolerance, policies, and applicable regulations.
• Client & Stakeholder Engagement: Present clear, actionable recommendations; translate complex asset considerations into client‑friendly insights; coordinate with internal and external stakeholders to resolve issues and advance objectives.
• Growth & Retention: Strengthen relationships, increase share of wallet, and support new business development by delivering trusted advice and responsive service.

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

• Bachelor’s degree or the equivalent combination of education and experience is required; MBA and/or CFA preferred.
• 3–5 years prior financial/investment experience.
• Strong analytical and research skills related to portfolio management.
• Experience working with domestic and international investment portfolios.
• No direct people leadership responsibilities.
• Experience managing specialty assets within fiduciary, trust, or wealth management environments; knowledge of real estate, mineral interests, tangible assets, and mortgage‑related assets.
• Strong understanding of OCC regulations, fiduciary standards, and internal policy frameworks.
• Excellent analytical, cross‑functional collaboration, clear written and verbal communication, organizational skills; ability to manage complex, multi‑party engagements. Risk awareness and regulatory adherence.

Our Benefits And Rewards

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.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $70,000 and $114,000 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 BNY 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 (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.