Unique Assets Officer

Wilmington Trust; United States; On-site; USD 103,000 - 172,000; Full time

Job summary

M&T Bank seeks a Unique Assets Officer to oversee closely held business assets held in fiduciary accounts, ensuring alignment with trust terms and asset function.

The role provides planning, leadership, and problem resolution for the team, overseeing LLC/LP asset activity and allocations, while ensuring governance compliance and effective investment reviews. Located in Clanton, Alabama, a focus on internal controls and audits supports regulatory alignment.

Qualifications

• Bachelor’s degree and a minimum of five years of experience at a bank or another similar financial institution, or in lieu of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 5 years’ bank or financial services experience
• Minimum of two years work leadership, supervisory or managerial experience
• Experience managing unique assets and closely held businesses

Responsibilities

• Provide oversight of closely held business assets held in fiduciary accounts where the Bank is acting as trustee or in a similar capacity
• Oversee and monitor activity of closely held business assets, including allocations from LLC/LP and governance agreements
• Perform regular assessments of the closely held business assets to ensure proper management
• Coordinate inclusion of assets into investment reviews performed for accounts
• Provide planning, leadership and problem resolution for the team
• Promote an environment that supports belonging and reflects the M&T Bank brand
• Maintain internal controls and address audit/regulator points
• Exercise usual managerial authority over staffing, performance, and promotions

Skills

Leadership

Asset management

Banking industry experience

Education

Bachelor’s degree plus 5 years banking/financial experience or 9 years total experience

Job description

Overview

Oversees unique asset properties to ensure the Bank is managing these properties in accordance with the function of the asset and in line with the terms of the trust agreement. The Unique Assets Officer will provide technical, function and operation expertise to the Unique Assets team in the oversight of these properties.

Overview

Oversees unique asset properties to ensure the Bank is managing these properties in accordance with the function of the asset and in line with the terms of the trust agreement. The Unique Assets Officer will provide technical, function and operation expertise to the Unique Assets team in the oversight of these properties.

Primary Responsibilities

• Provide oversight of closely held business assets that are held in fiduciary accounts where the Bank is acting as trustee or another similar, capacity
• Oversee and monitor activities of closely held business asset, including but not limited to monitoring of receipts made by the LLC or LP, oversight of allocations made from the LLC or LP so that they are allocated property between trust principal and trust income, oversight of the governing agreement, monitoring of capital calls and other similar receipts from the LLC or LP
• Perform regular assessments of the closely held business asset to ensure the Bank is properly managing it in accordance with the terms of the LLC, LP
• Coordinate the inclusion of these assets into investment reviews the Bank performs for accounts that hold these assets
• Provide planning, leadership and problem resolution for the team
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.
• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.

Education And Experience Required

• Bachelor’s degree and a minimum of five years of experience at a bank or another similar financial institution, or in lieu of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 5 years’ bank or financial services experience
• Minimum of two years work leadership, supervisory or managerial experience
• Experience managing unique assets and closely held businesses

Education And Experience Preferred

• Advanced degree
• Minimum of 8 years work experience at a bank or a another similar financial institution

Physical Requirements

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

Location

Clanton, Alabama, United States of America