BNY · 1 week ago
Senior Associate, Trust Real Estate - Wealth Management
Philadelphia, PA
Full-time
Onsite
Mid, Senior Level
3+ years expBNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. The role of Senior Associate, Trust Real Estate - Wealth Management involves administering a diverse portfolio of specialty assets, ensuring compliance with regulations, and collaborating with clients and internal stakeholders to deliver client-centered outcomes.
Financial Services
Responsibilities
Administer a diverse, nationwide portfolio of specialty assets held in fiduciary accounts, including commercial and residential real estate, mineral interests, tangible assets, and mortgage-related assets. The role applies disciplined, asset-specific management strategies within regulatory and policy frameworks, collaborates across internal and external stakeholders, and delivers client-centered outcomes that drive growth, retention, and risk‑aware performance
Ensure full compliance with Office of the Comptroller of the Currency (OCC) regulations and BNY policy guidelines, lead end-to-end oversight of specialty assets, complete Regulation 9 reviews, annual inspections, monitor valuation, performance tracking, documentation, and execution of asset strategies
Implement asset strategies consistent with investment policies, fiduciary standards, and client objectives. Monitor market trends and regulatory changes; adjust tactics to optimize performance within risk and compliance frameworks
Manage and evaluate capital projects, hold/sell decisions, and monetize opportunities to support client goals. Monitor asset-level dynamics, cash flows, and market conditions
Collaborate with clients, trust counsel, third-party affiliates, and internal partners, Wealth Managers, Investment Managers, Legal, and Risk & Compliance, to deliver coordinated, high-quality outcomes
Meet with high-net-worth clients to understand their asset strategies and real estate investment objectives, risk tolerance, and long-term goals. Discuss current market conditions; implement investment strategies for complex assets aligned with client goals, risk tolerance, policies, and applicable regulations
Client & Stakeholder Engagement: Present clear, actionable recommendations; translate complex asset considerations into client-friendly insights; coordinate with internal and external stakeholders to resolve issues and advance objectives
Growth & Retention: Strengthen relationships, increase share of wallet, and support new business development by delivering trusted advice and responsive service
Qualification
Required
Bachelor's degree or the equivalent combination of education and experience is required
3-5 years prior financial/investment experience
Strong analytical and research skills related to portfolio management
Experience working with domestic and international investment portfolios
No direct people leadership responsibilities
Experience managing specialty assets within fiduciary, trust, or wealth management environments; knowledge of real estate, mineral interests, tangible assets, and mortgage-related assets
Strong understanding of OCC regulations, fiduciary standards, and internal policy frameworks
Excellent analytical, cross-functional collaboration, clear written and verbal communication, organizational skills; ability to manage complex, multi-party engagements
Risk awareness and regulatory adherence
Preferred
MBA and/or CFA preferred
Benefits
Flexible global resources and tools for your life’s journey
Generous paid leaves
Paid volunteer time
Company
BNY
For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brian A. Ruane
CEO Government Securities Services & Global Client Management
Chris Kearns
CEO, Depositary Receipts
Recent News
PR Newswire
2024-11-01
Company data provided by crunchbase