Senior Trust Settlement Officer

Franklin Templeton; New York (NY); Hybrid; USD 155,000 - 170,000; Full time

Benefits offered by this job

Annual discretionary bonus

401(k) match

Healthcare options

Education reimbursement

Time off

Job summary

Fiduciary Trust International in New York seeks a Senior Trust Settlement Officer to manage end-to-end settlement of irrevocable trusts after triggering events. You will supervise junior staff, coordinate with relationship teams, and ensure timely, compliant distributions.

The role requires 7+ years in trust administration, JD/CTFA preferred, and strong attention to detail. Hybrid work arrangement, competitive rewards, and extensive benefits are offered.

Qualifications

• 7+ years of experience in trust administration or fiduciary services with direct client interactions.
• Strong knowledge of trust and estate law, fiduciary accounting, and tax considerations.
• JD, CTFA or similar designation preferred.
• Strong attention to detail and strong organizational skills.
• Ability to manage complex, multi-step processes across multiple accounts.
• Strong analytical and problem-solving capabilities.
• Excellent communication and stakeholder management skills.
• Proficient in trust accounting systems.

Responsibilities

• Initiate and lead settlement process of irrevocable trusts upon triggering events.
• Coordinate strategy meetings with relationship teams.
• Review and analyze trust agreements and related documents, account files, and imaging systems for all relevant provisions and historical context.
• Determine appropriate method of settlement and identify and minimize risk consistent with policies.
• Communicate directly with beneficiaries and interested parties concerning the settlement process and expectations.
• Coordinate settlement process with internal and external counsel.
• Identify, value and liquidate trust assets.
• Coordinate with Tax team on federal and state income, estate, and fiduciary tax matters.
• Ensure compliance with jurisdictional requirements, internal policies, and fiduciary standards.
• Facilitate distributions and post-settlement activities.
• Prepare and archive files in accordance with records management policies.

Skills

Trust administration

Client interaction

Attention to detail

Analytical thinking

Stakeholder management

Education

JD/CTFA designation

Tools

Trust accounting systems

Job description

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, you’ll get exposed to different cultures, people, and business development happening around the world.

Sr. Trust Settlement Officer

Fiduciary Trust International is hiring a Senior Trust Settlement Officer to join the New York office. The Senior Trust Settlement Officer administers and executes the full lifecycle of trust settlements following triggering events such as death, resignation, removal of trustee, or age-based terminations. The role ensures accurate, timely, and compliant distribution of trust assets in accordance with governing documents, fiduciary standards, and applicable laws, while coordinating closely with clients, internal partners and external stakeholders. The Senior officer will also supervise more junior team members.

Core Responsibilities

• Initiate and lead settlement process of irrevocable trusts upon triggering events
• Coordinate strategy meetings with relationship teams
• Review and analyze trust agreements and related documents, account files, and imaging systems for all relevant provisions and historical context
• Determine appropriate method of settlement and identify and minimize risk consistent with policies
• Communicate directly with beneficiaries and interested parties concerning the settlement process and expectations
• Coordinate settlement process with internal and external counsel
• Identify, value and liquidate trust assets
• Coordinate with Tax team on federal and state income, estate, and fiduciary tax matters
• Ensure compliance with jurisdictional requirements, internal policies, and fiduciary standards
• Facilitate distributions and post-settlement activities
• Prepare and archive files in accordance with records management policies

Qualifications

• 7+ years of experience in trust administration or fiduciary services with direct client interactions
• Strong knowledge of trust and estate law, fiduciary accounting, and tax considerations
• JD, CTFA or similar designation preferred
• Strong attention to detail and strong organizational skills
• Ability to manage complex, multi-step processes across multiple accounts
• Strong analytical and problem-solving capabilities
• Excellent communication and stakeholder management skills
• Proficient in trust accounting systems

Compensation

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary—designed to support their well-being and recognise their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment programme, learning resources, career development programmes, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing programme. We expect the base salary for this position to range between $155,000 - $170,000, depending on level of relevant experience, plus bonus.

#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, there’s 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 life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered.

Learn more about the wide range of benefits we offer at Franklin Templeton

• Most benefits vary by location. Ask your recruiter about benefits in your country.

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, colour, 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.

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