Senior Fiduciary Administrator 4 - Trust Services Risk Manager

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Job description

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wealth & Investment Management, or WIM, is one of the United States' leading providers of financial and investment services. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients' unique needs and help them achieve financial goals. Our mission is to help clients pursue their financial goals with confidence. We accomplish this by:

• Building enduring client relationships through sound, thoughtful, and objective advice
• Developing individualized plans for clients to help meet their financial objectives
• Helping clients build, manage, preserve, and transition their financial resources and wealth

WIM serves clients through the following businesses:

• Wells Fargo Private Bank serves high-net-worth individuals and families.
• Wells Fargo Advisors provides investment advice and guidance to clients through more than 13,200 full-service financial advisors and referrals from more than 5,450 licensed bankers.
• Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of institutions, financial advisors, and individuals worldwide.

Through Wells Fargo Private Bank, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients.

As part of its vision for a flatter, more nimble organization that is easier to do business with, Wealth and Investment Management (WIM) has created horizontal functions known as centers of excellence to support all client coverage channels. Banking, Lending, & Trust is a center of excellence that brings teams and functions currently found across WIM's consumer businesses under a common, WIM-level organization. The group is focused on transforming from channel-based to client-focused solutions and delivery in an effort to reduce operational risk, improve efficiency, increase consistency/coordination, and bring focus on product management / development to deliver innovative growth and improve the client experience. Additionally, the new group will deliver a WIM-level culture of product management excellence by creating a culture of innovation, product excellence, client service and risk mitigation.

The primary function of the Senior Fiduciary Administrator 4/Trust Services Risk Manager is to proactively mitigate operating losses and fiduciary risk exposure within the Trust Client & Advisor Services environment. This position works closely with the Director, Fiduciary Team Managers and team members within Trust Client & Advisor Services. Monitors fiduciary administrators as managing their book according to fiduciary policies and procedures to ensure satisfactory audits and service standards are met. Perform internal audits to verify compliance with established standards and partners directly with Wells Fargo risk partners. Provides Personal Trust fiduciary oversight and answers difficult or complex questions regarding trust taxability, document interpretation and fiduciary risk management. Reviews documents and works with team members to ensure proper documentation for all discretionary actions. Confers directly with clients, WF Partners and Centers of Influence as well as external resources i.e.; accountants, attorneys regarding trust/financial information, reacts accordingly and re-prioritizes if appropriate. Responsible for training Trust Client & Advisor Services team members on all updated policies and procedures. May act as mentor within the organization. May assist in the design and implementation of procedures, controls and guidelines designed to meet policy requirements while creating processes and strategies to enhance the overall effectiveness of the group and client experiences. May act in absence of the Director.

Locations within the Wells Fargo footprint may be considered for this position.

Salary range is determined by the location of the job

The salary range displayed below is based on a Full-time 40 hour a week schedule.

PA-Philadelphia: Min: $91,700 Mid: $131,000 Max: $170,300
NV-Las Vegas: Min: $83,400 Mid: $119,100 Max: $154,800

May be considered for discretionary bonus

Required Qualifications

• 8+ years of experience in one or a combination of the following: relationship management, financial, trust, or legal industry experience

Desired Qualifications

• Ability to develop partnerships and collaborate with other business and functional areas
• Ability to implement a solution and communicate, in clear business terms, the benefits of the proposed risk management approach
• Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
• Ability to read and interpret legal documents
• Ability to review trust agreement documents and ensure bank compliance
• Strong relationship management skills
• Strong risk management and compliance skills
• Certified Trust and Financial Advisor (CTFA)
• Ability to interact with all levels of an organization
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy

Other Desired Qualifications

• Strong knowledge and understanding of estate, trust, or fiduciary administration
• A BS/BA degree or higher (such as JD/LLM) in law or trust and wealth management
• Ability to effectively work with fiduciary administrators, team leads and Fiduciary Team Managers in a team environment
• Ability to provide fiduciary oversight to complex questions regarding trust taxability, document interpretation and fiduciary risk management
• Demonstrated working knowledge of fiduciary operational and risk mitigation standards, including the ability to effectively communicate related policies and procedures
• Strong PC proficiency
  

Salary Information

The salary range displayed below is based on a Full-time 40 hour a week schedule.

NV-Las Vegas: Min: $83,400 Mid: $119,100
PA-Philadelphia: Min: $91,700 Mid: $131,000

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits Summary

Benefits

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