Trust Advisor - Special Needs Trust
Fifth Third Bank
New York, New York
Full-Time
Competitive
OfficeExecutive
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The Special Needs Trust (SNT) team is responsible for administering Special Needs Trusts, court-created minors trusts, Guardianships, and similar relationships serving individuals with impairments. The SNT Trust Advisor will provide fiduciary expertise and deliver high-quality fiduciary solutions to clients. This role involves managing personal trusts, ensuring compliance with legal and regulatory requirements, while identifying new and fostering strong existing fiduciary client relationships. The SNT Trust Advisor partners closely with the team to support growth strategies and deepen client relationships by providing fiduciary advice that aligns with the client’s financial goals and objectives.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Develop subject matter expertise in fiduciary related areas
Serve as a Trusted Advisor by developing close, personal relationships with clients and their families, integrating technical fiduciary components with each client’s unique personal situation and values.
Anticipate clients service offering needs and coordinate with partners along with external advisors.
Actively participate with the team by providing support related to expanding and deepening existing relationships.
Actively participate with the team to support new trust business; participate in client presentations, as requested, and serve as subject matter expert concerning fiduciary strategies.
Understand existing client relationships and create trust optimization strategies to expand and deepen relationships, such as regular estate plan reviews, client meetings, and best practice advice.
Oversee the administration of trust accounts, ensuring compliance with trust documents, legal requirements, and company policies.
Responsible for the review and interpretation of estate planning documents, timely and accurate administration of trust income and principal.
Possess strong technical understanding of complex fiduciary documents and strategies.
Coordinate appropriate resources, as needed-- including the tax liaison team, operational support, in house legal counsel and leadership, to ensure proper fiduciary responsibility is maintained.
Manage the due diligence process on all new fiduciary appointments, including reviewing all critical documents to ensure a complete understanding of client needs and the bank’s ability to meet those needs.
Play a key role in overall client satisfaction and retention.
Identify at-risk clients and proactively work to resolve all client issues to drive retention.
Maintain accurate and up-to-date records of all trust activities.
Bachelor’s degree in Finance, Accounting, Law, or a related field. Advanced degree or professional certification (e.g., CTFA, CFP) preferred.
Minimum 7 years of experience in trust and estate administration, with a proven track record of managing trusts.
Strong knowledge of trust and estate laws and regulations as well as industry standards and practices.
Demonstrated ability to advise and deliver on fiduciary strategies.
Demonstrated proficiency in exercising fiduciary judgement and discretion.
Excellent interpersonal and communication skills to deliver a best-in-class client experience.
Ability to work in a team orientated/matrix environment.
Ability to manage multiple priorities and meet deadlines.
Proficiency in and Microsoft Office Suite.
High ethical standards and a commitment to fiduciary responsibility.
Exhibits a sense of urgency and continuous improvement mindset.
Minimal travel may be required
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- New York, New York 10169Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.