Relationship Associate
Franklin Resources, LLC., New York, NY, United States
Relationship Associate
Fiduciary Trust International is hiring a Relationship Associate to join our New York City office. The Relationship Associate partners with the firm's Client Service Team, which is comprised of Trust Officers, Portfolio Managers and Relationship Managers, in managing the wealth and financial needs of our High-Net-Worth (HNW) clients. The role requires regular interaction with HNW clients and follow-up and management of ongoing client deliverables. As our Associates gain more experience, they take on greater responsibility on smaller client relationships so that Portfolio Managers, Trust Officers, and Relationship Managers can focus on larger and more complex client relationships. How You Will Add Value
You will work with our Trust Officers and Relationship Managers on High Net Worth family relationships, including account administration, preparing wealth projections, preparation of cash flows, fee reviews, and preparation of PowerPoint presentations for client meetings. You will review trust documents and ensure transactions are in compliance with the trust agreement. You will review daily overdraft report to determine how to cure income overdrafts and coordinate with Portfolio Manager to raise cash. You will initiate wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts and contributions. You will coordinate trust terminations and account closing in coordination with Trust Counsel and tax department. You will analyze relevant documents to begin Know Your Customer(KYC) processes and review account openings with Relationship Manager to determine proper administration of accounts. You will work closely with Trust Officers to establish and maintain client contact and act as a key point of contact for clients and intermediaries. What Will Help You Be Successful in This Role
Bachelor's degree 25 years' experience in financial services with client-facing experience preferred Trust Administration background and knowledge highly preferred; ability to review and interpret trust language a plus Desire to grow within the field of trust administration and wealth management generally Basic knowledge of competitors desired Experience using SEI or other accounting software desired Skilled in Excel, Word, and PowerPoint Detail-oriented with the ability to multi-task and meet deadlines Ability to work in a team-oriented environment while balancing the needs of the client Effective interpersonal skills and relationship building skills Ability to maintain confidentiality and handle client account information with discretion Strong oral and written communication skills Ability to work from our One Madison Avenue office a minimum of three days per week Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the base salary for this position to range between $75,000 - $85,000, depending on level of relevant experience, plus bonus. Experience our welcoming culture and reach your professional and personal potential! Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests, lifestyle, or background, there's a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life. By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life's adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered. Learn more about the wide range of benefits we offer at Franklin Templeton*Most benefits vary by location. Ask your recruiter about benefits in your country. Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. If you believe that you need an accommodation or adjustment, due to a medical condition or disability, to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number of the position you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
Fiduciary Trust International is hiring a Relationship Associate to join our New York City office. The Relationship Associate partners with the firm's Client Service Team, which is comprised of Trust Officers, Portfolio Managers and Relationship Managers, in managing the wealth and financial needs of our High-Net-Worth (HNW) clients. The role requires regular interaction with HNW clients and follow-up and management of ongoing client deliverables. As our Associates gain more experience, they take on greater responsibility on smaller client relationships so that Portfolio Managers, Trust Officers, and Relationship Managers can focus on larger and more complex client relationships. How You Will Add Value
You will work with our Trust Officers and Relationship Managers on High Net Worth family relationships, including account administration, preparing wealth projections, preparation of cash flows, fee reviews, and preparation of PowerPoint presentations for client meetings. You will review trust documents and ensure transactions are in compliance with the trust agreement. You will review daily overdraft report to determine how to cure income overdrafts and coordinate with Portfolio Manager to raise cash. You will initiate wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts and contributions. You will coordinate trust terminations and account closing in coordination with Trust Counsel and tax department. You will analyze relevant documents to begin Know Your Customer(KYC) processes and review account openings with Relationship Manager to determine proper administration of accounts. You will work closely with Trust Officers to establish and maintain client contact and act as a key point of contact for clients and intermediaries. What Will Help You Be Successful in This Role
Bachelor's degree 25 years' experience in financial services with client-facing experience preferred Trust Administration background and knowledge highly preferred; ability to review and interpret trust language a plus Desire to grow within the field of trust administration and wealth management generally Basic knowledge of competitors desired Experience using SEI or other accounting software desired Skilled in Excel, Word, and PowerPoint Detail-oriented with the ability to multi-task and meet deadlines Ability to work in a team-oriented environment while balancing the needs of the client Effective interpersonal skills and relationship building skills Ability to maintain confidentiality and handle client account information with discretion Strong oral and written communication skills Ability to work from our One Madison Avenue office a minimum of three days per week Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the base salary for this position to range between $75,000 - $85,000, depending on level of relevant experience, plus bonus. Experience our welcoming culture and reach your professional and personal potential! Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests, lifestyle, or background, there's a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life. By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life's adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered. Learn more about the wide range of benefits we offer at Franklin Templeton*Most benefits vary by location. Ask your recruiter about benefits in your country. Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. If you believe that you need an accommodation or adjustment, due to a medical condition or disability, to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number of the position you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.