Sr Trust Advisor, Global Family Office

The Senior Trust Advisor, GFO (STA) is responsible for managing a complex book of relationships consisting of principal and single family office clients that require a mix of fiduciary, asset servicing, advisory services, banking, technology & reporting, and investment solutions. The STA works closely with family office professionals, family members and their advisors to understand the needs and goals of all the stakeholders. The STA assumes primary responsibility for overall client satisfaction as the Lead Relationship Manager administers all fiduciary relationships in accordance with the trust terms and Northern Trust's fiduciary policies and guidelines, is responsible for oversight of delegated investment functions and acts as a regional resource for fiduciary matters within their regions. The STA must work alongside the family advisors to identify and implement multi-generational solutions. The STA must have deep fiduciary knowledge and a commitment to continuing education. In discretionary investment management situations, they work closely with the Portfolio Manager (PM) and, in investment delegation situations, with the external investment advisors on portfolio design asset allocation and implementation. In delegated situations, they are required to perform the PM compliance role. The STA acts a regional resource by overseeing all fiduciary appointments in their region, collaborating with their team on matters of fiduciary administration and issue spotting, and taking the lead on fiduciary cross sell and new business.Responsibilities include:
Responsible for the overall relationship of fiduciary ultra-high net worth clients. Works with family members, family office professionals and their external advisors to develop a thorough understanding of the needs and goals
Fiduciary Administration: Exhibits thorough knowledge of governing documents and account agreements. Responsible for administering trusts according to document terms, Northern Trust fiduciary policies and guidelines, and applicable laws
Investment Oversight: Implements and oversees delegation of investment functions to third party investment advisors
Regional Fiduciary: Responsible for fiduciary oversight of fiduciary appointments within their GFO region
Builds relationships both internally and externally in order to service multidisciplinary needs. Confidently presents Northern Trust (NT) offerings as well as understands major trends in the Family Office space
Seasoned multi-disciplinary expert with extensive technical and / or business knowledge and functional expertise
Focus of role is on execution of strategic direction of business function activities
Carries out complex initiatives involving multiple disciplines and/or ambiguous issues
Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity
The successful candidate will have:
7-10 years' experience as a relationship manager in trust administration, estate administration, estate planning, or related fields
JD, MBA, CTFA, CPWA certification is a strong plus
Excellent oral and written communication skills are required
Knowledge of fiduciary and financial products and services
Technical knowledge of investments, tax, legal, and operations usually acquired through formal education or related experience
Knowledge of fiduciary standards, principles, and applicable laws and regulations usually acquired through training, seminars, or law school
Skills in negotiating, presenting, problem solving, delegating, leadership, and sales are required; Presentation/sales skills and proven risk management skills required
Highly flexible and adaptable to change
Leadership and organizational skills are required to determine the Business Unit's goals, resources needed, and to assess and develop the skills of staff
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world's most-sophisticated clients ? from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of June 30, 2018, Northern Trust Corporation had:
$135 billion in banking assets
$8.1 trillion in assets under custody
$10.7 trillion in assets under custody/administration
$1.1 trillion in assets under management

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