Vice President, Fiduciary

Vice President, Fiduciary I

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Vice President, Fiduciary I to join our Wealth Management team. This role is located in Pittsburgh, PA.

In this role, you’ll make an impact in the following ways:

• Administers and advises the Wealth Management team on the interpretation of key provisions and duties of BNY as trustee.
• Coordinates the strategic plan for managing and growing existing client relationships, with a focus on risk management.
• Must understand how to interpret governing trust documents particular to each relationship, and work with internal partners and external advisors.
• Will meet with clients, co-trustees and beneficiaries to ensure BNY is adhering to the highest fiduciary standards as trust advisor to multi-generational families.
• Will be expected to assess, identify and escalate/address risk-related issues.
• Orchestrate the varied administrative tasks through the support of the Wealth Management team.
• May assist a more senior Fiduciary Specialist on complex accounts to gain breadth/depth of knowledge.
• In some instances, this role may be focused on Estate settlements.
• Specific knowledge as to the settlement of estates and probates will be required.
• Administer charitable accounts in which specific knowledge will be required pertaining to the policies and procedures of those accounts.
• Full knowledge of policies and procedures are essential to the Specialist role.
• Independently evaluates and pursues new business opportunities and client prospects, focusing on responsible business growth that is compliant, of acceptable risk and profitable.
• Serves in a consultative role to prospects, advising UHNW and HNW parties on the best way to achieve their short- and long- term strategic objectives through the firm's solutions.
• Pursues clients and centers of influence with complex strategic needs and responsible for generating new revenue by way of increased flows and future fees.
• Frequent and regular/scheduled interaction with clients, including in-person client meetings.
• Serves as clients’ primary point of contact and are responsible for ensuring that all of WM’s resources are provided to clients in the Active Wealth framework.
• Subject matter expert on all fiduciary topics which impacts clients and have in-depth knowledge of WM’s fiduciary practices, policies and procedures.
• Client-focused work includes administration and planning projects as requested by the client, peer Fiduciary Specialists or Active Wealth strategic opportunities.
• Client activity may include the general administration of the processing of discretionary and non-discretionary request approvals, general account maintenance approvals, with regard to proxy and statement reporting, and other proprietary system maintenance associated with client records.
• Demonstrates a business development orientation and mindset and has annual self-sourced asset goals and are expected to leverage existing client and COI relationships by consistently and systematically asking for referrals from clients and COIs, in order to generate self-sourced asset inflows, both IM and banking, and future fee appointments.
• Work with teams on opportunities sourced by other functional team members.
• Responsible for achievement and support of organic growth of assets and revenue goals assigned to team and practice.

To be successful in this role, we’re seeking the following:

• Bachelor’s degree or the equivalent combination of education…