Trust Manager

Wellington Management Company; Boston (MA); Hybrid; USD 120,000 - 225,000; Full time

Benefits offered by this job

Retirement plan

Health and wellness benefits

Paid time off

Adoption assistance

Job summary

Wellington Management Company is seeking a Trust Manager to oversee trust management and operations in Boston, Massachusetts. In this senior role, you will ensure regulatory compliance and drive product development while coordinating across various teams.

The successful candidate will have over 10 years of experience in asset management or fiduciary services, demonstrating exceptional analytical and problem-solving abilities.

The role offers a base salary range of USD 120,000 – 225,000 and includes a flexible work environment.

Qualifications

• 10+ years of experience in asset management or related financial services roles.
• Strong analytical, problem-solving, and risk assessment capabilities.
• Ability to operate independently and manage multiple priorities.

Responsibilities

• Oversee trust management and operations, ensuring regulatory compliance.
• Lead oversight of trust vehicles, ensuring compliance with fiduciary standards.
• Serve as a liaison across various teams for complex issue resolution.

Skills

Analytical skills

Problem-solving abilities

Communication skills

Attention to detail

Collaboration

Job description

About Us

Wellington Management offers comprehensive investment management capabilities spanning nearly all segments of the global capital markets. Our solutions are tailored to institutional clients in more than 60 countries, built on proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, our ownership structure fosters a long‑term view aligned with client interests.

About the Role

As a senior individual contributor, the Trust Manager oversees trust management and operations, ensures regulatory compliance, drives product development, and leads complex cross‑functional initiatives. The role operates independently, coordinating across investments, legal, compliance, and operations teams, and contributes to vehicle lifecycle, business management, and strategy.

Key Responsibilities

Fund Governance & Fiduciary Oversight

• Lead oversight of trust vehicles, ensuring activities comply with fiduciary standards, governing documents, and regulatory requirements.
• Support and coordinate materials for committees such as the Trust Investment Committee, Trust Policy Committee, Board of Directors, and Audit Committee.
• Monitor adherence to investment guidelines, policies, and regulatory obligations (ERISA, OCC, AML/BSA).
• Evaluate and elevate risks, exceptions, and emerging regulatory developments.

Product Development & Strategic Initiatives

• Support fund launches, structural changes, and product enhancements.
• Contribute to business strategy, including growth initiatives and operating model improvements.
• Participate in project‑based work to enhance governance, risk management, and scalability.
• Identify opportunities to improve processes, controls, and client outcomes.

Cross‑Functional Leadership

• Serve as a primary liaison across Portfolio Management, Legal, Compliance, Risk, Operations, Tax, and Client Group.
• Coordinate resolution of complex issues requiring multi‑team engagement.
• Lead or contribute to cross‑functional initiatives, working groups, and strategic projects.
• Foster alignment across stakeholders to ensure efficient execution of fund and business priorities.

Business and Operational Management

• Oversee day‑to‑day operations, including cash flow activity, onboarding, compliance monitoring, reporting, and affiliate and unaffiliated service providers.
• Ensure effective execution of key processes such as subscriptions/redemptions, client eligibility, and audit support.
• Review contractual agreements and fund documentation.
• Provide guidance on operational practices and process controls.
• Oversee the Wellington Trust corporate entity to maintain a well‑capitalized balance sheet.

Risk Management & Compliance

• Maintain a strong control environment aligned with policies and regulatory expectations.
• Support regulatory examinations, audits, and internal reviews.
• Assess and monitor operational, compliance, and fiduciary risks across funds.
• Ensure appropriate documentation, reporting, and escalation protocols are followed.

Qualifications

• 10+ years of experience in asset management, trust/fiduciary services, fund operations, or related financial services roles.
• Experience with commingled vehicles, collective investment trusts, or regulated fund structures preferred.
• Familiarity with fund regulations (ERISA, OCC, SEC).
• Excellent analytical, problem‑solving, and risk assessment capabilities.
• Ability to operate independently and manage multiple priorities.
• Proven ability to collaborate across functions and influence stakeholders.
• Strong written and verbal communication skills.
• High attention to detail, sound judgment, and commitment to operational excellence.
• Grace under pressure; ability to adapt and get things done.
• Positive collegial attitude, work ethic, sense of humor, enthusiasm.
• Intellectual curiosity and originality in thinking, with creativity in solutions.

Do you meet all the qualifications?

That’s okay. If you believe you could excel in this role, we encourage you to apply.

Compensation & Benefits

Base salary range: USD 120,000 – 225,000. Salary is one component of a total compensation approach that may include a discretionary corporate bonus and/or incentives.

• Retirement plan
• Health, wellness, dental, vision, pharmacy coverage
• Health savings account, flexible spending accounts, commuter program
• Employee assistance program, life and disability insurance
• Adoption assistance, backup childcare, tuition/CFA reimbursement
• Paid time off: leave of absence, paid holidays, volunteer, sick and vacation time

We provide a flexible work environment with office presence four days a week and one remote day to support work‑life balance.

Equal Opportunity Statement

Wellington Management is an equal opportunity employer. We ensure that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information, or any other characteristic protected by applicable law. Candidates with a disability may request accommodations by emailing [e-mail].