WM Senior Fiduciary Administrator 3 - Philanthropic Services Team
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Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified financial services company with $1.7 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, more than 12,500 ATMs, online (wellsfargo.com), and mobile devices. Wells Fargo has more than 265,000 team members in 36 countries across our approximately 90 businesses. Wells Fargo & Company was ranked No. 30 on Fortune's 2015 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wealth and Investment Management (WIM) is one of the company's four main divisions. WIM businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, insurance and both individual and institutional retirement.
With over $462 billion in client assets, including $70 billion deposits and $40 billion in loans, Wells Fargo's Wealth Management (WM) division is one of the nation's leading providers of financial services to affluent and high-net-worth clients. Investment & Fiduciary Services (IFS) is within WM and works with our clients to build, manage, preserve and transition their wealth. As one of the nation's strongest financial institutions, we bring together a team of experienced professionals to gain insight into each client's unique situation so that we may deliver specialized wealth solutions that best meet their needs and goals. Within IFS, we have 6 Fiduciary Management Services (FMS) offices that support clients and field offices by providing trust administration, investment management, and fiduciary services.
The WM Senior Fiduciary Administrator 3 position on the Philanthropic Services Team provides specialized trust administration, specialized services and specialized risk management for all types of charitable trusts, agencies for charitable and tax exempt entities. Administer charitable remainder trusts, charitable lead trusts, perpetually charitable trusts classified as private foundation and supporting organizations, and charitable investment accounts in a centralized trust center environment. Provides fiduciary oversight and handles moderate complex issues regarding governing document interpretation, fiduciary risk and the client account in order to create, expand and service WM relationships while managing the risk of those accounts. Responsible for making sound fiduciary judgments and recommendations. Duties may include: setting up, administering, terminating and distributing complex philanthropic accounts of all types. Partners with relationship managers and sales specialists to develop new business, retain/expand current relationships and cross sell WM services. May communicate directly with clients, WF Partners and Centers of Influence as well as external resources i.e. accountants, attorneys, who are related to the clients' accounts as part of day to day administration. Analyzes trust/financial information, reacts accordingly and reprioritizes as appropriate. May act as mentor or team leader to provide work direction.
- 4+ years of experience in one or a combination of the following industries: financial, trust, or legal
- Strong analytical skills with high attention to detail and accuracy
- Excellent verbal, written, and interpersonal communication skills
- Ability to interact with all levels of an organization
- Ability to review trust agreement documents and ensure bank compliance
- Ability to exercise independent judgment to identify and resolve problems
- Ability to work effectively in a team environment
- Knowledge and understanding of philanthropic concepts
- Strong relationship management skills
Other Desired Qualifications
- Certified Trust and Financial Advisor (CTFA) or similar certificate
- A BS/BA degree or higher (such as MBA/JD/LLM) in business, management, law or trust and wealth management
- Established knowledge of all types of charitable entities, trust, fiduciary law, and federal regulations
- Charitable Trust Administration experience
- Experience with discretionary grants and scholarships
- Experience working in a trust administration middle office
- Experience with trust applications: SEI, Micro Edge, PGCalc, and Giftwrap
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.
0073711 WEALTH INV MGMT/WIM PSI
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Lauren audits Wells Fargo’s financial reports to assess accuracy and risk. She reviews processes in place, analyzes management controls, and communicates calculations and findings with business partners.
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