The Trust Fiduciary Lead is a strategic professional who stays abreast of developments within their field and contributes to directional strategy by considering their application in their job and the business. Recognized technical authority for an area within the business. Requires basiccommercial awareness. Developed communication and diplomacy skills are required in order to guide, influence and convince others, particularly colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.
Responsibilities:- The Private Bank at Citi (CPB) is part of the Institutional Clients Group and offers a wide range of products and solutions, including investment strategies, banking and lending, trust and specialized services. The Private Bank delivers solutions to help meet the individual, family, and business needs of over 10,000 ultra-high net worth clients around the world.
- Under supervision of a Fiduciary Services Head, this position requires administration of UNHW ongoing fiduciary relationships which entails working with clients to strategize toward the preservation and continued growth of trust assets while achieving their specific trust and estate planning objectives.
- An individual in this role will be expected to manage an existing book of trust and estate accounts, including revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, various types of charitable trusts, estate accounts, and agency accounts. This includes initiating investment management of the accounts by coordinating with Private Bankers and Investment Counselors.
- Assess the client's overall estate and tax planning needs, including the knowledge to review legal and trust documentation to assist the client and their advisors in achieving specific trust and estate objectives.
- Ensure compliance with legal requirements and internal procedures in relation to account activity, including identification and reporting to our Senior Risk Committee.
- Communicate effectively with clients and/or their attorneys on all trust and estate matters and attend client meetings and investment reviews.
- Oversight and management of Assistant Trust Officers in all their duties and participation in internal and external training opportunities for ongoing professional development.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets.
Qualifications:
- 6-10 years of experience in estate or trust management and administration. MBA or JD desired.
- Strong knowledge and proven technical proficiency in legal, investment, and tax issues relative to trust and/or estate management and administration.
- Proficiency in Microsoft Office products.
- CFTA preferred. Experience with Fiduciary Income Tax.
Education:
- Bachelor's/University degree, Master's degree preferred.
Job Family Group: Private Client Product Services
Job Family: Trust Fiduciary Services
Time Type: Full time
Primary Location: Greenville, Delaware, United States
Primary Location Full Time Salary Range: $114,720.00 - $172,080.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
Anticipated Posting Close Date: Nov 22, 2024
Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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