Market Trust Executive
Company: Disability Solutions
Location: Fort Lauderdale
Posted on: May 3, 2024
Job Description:
Job Description:Job DescriptionSummary of PositionThe Market
Trust Executive (MTE) oversees the expansion of fiduciary business
for high net worth clients. The MTE serves as the market's chief
fiduciary officer.Responsibilities include business development
planning, retention and expansion of existing business, as well as
risk and compliance oversight of fiduciary policy rules and
regulations. The MTE also partners with Wealth Strategists on
complex planning and next generation strategies. MTEs partner
closely with the ME and other leaders in the market, to deliver on
strategic growth priorities, in addition to supporting the Client
Management Process (CMP) to deliver a Branded Client Experience
(BCE). The MTE is expected to reinforce a culture of responsible
growth, proactive risk management and delivering the enterprise
through business integration.The MTE reports to the Market
Executive, overseeing a team of Trust Officers and/or Portfolio
Mangers. Based on the needs in the division, the MTE may also
support additional markets.Core Competencies
- Expert fiduciary knowledge & proven leadership in personal
trust administration
- Ability to effectively manage fiduciary oversight and risk
management
- Deep understanding of high net worth clients' needs and
solutions
- Strong business judgment and decision making
- Ability to attract, select, develop and retain talent
- Strong knowledge of Private Bank and enterprise capabilities
with ability to work collaboratively to make connections, resolve
issues and remove obstacles
- Communicates in a clear and compelling manner with employees,
clients, and enterprise partners (executive presence)
- Strong influencing, listening, probing & relationship
management skills (high EQ)Major ResponsibilitiesFiduciary
Oversight, Approvals and Education:
- Monitors fiduciary risk metrics and ensure timely, accurate
completion of all administrative reviews, control partner requests
and data remediation
- Reviews account fees to ensure robust pricing discipline
- Ensures all new business fits within the fiduciary
product/service set aligned to the proper channel and falls within
established risk appetite
- Accountable for sign-off on all Fiduciary approvals
- Supports design and execution of nationally offered fiduciary
trainingRisk Management:
- Ensures all fiduciary standards and Private Bank/regulatory
compliance and risk policies are understood, align with our risk
framework and are consistently applied within the market
- Partners with national Fiduciary Solutions team on pending
fiduciary litigation & account changes to minimize risk exposure &
ensure consistent issue resolution
- Escalates key risk and fiduciary issues to ensure timely and
effective resolution
- Represents field trust leadership in governance committees, as
designatedDrives Responsible Growth in the Market:
- Supports market routines, including CMP execution and BCE
adoption to deliver the enterprise
- Executes against Private Bank strategy, key national fiduciary
initiatives and priorities tailored to local market dynamic and
competitor footprint
- Establishes strong relationships with key clients, prospects,
COIs and business partnersTalent Management:
- Recruits, hires, develops and retains talent
- Participates with leadership team on comp and resource
decisioning
- Collaborates with market leadership and key partners to support
employee development and diversity & inclusionShift:1st shift
(United States of America)Hours Per Week: 40
Keywords: Disability Solutions, Davie , Market Trust Executive, Other , Fort Lauderdale, Florida
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