Trust Fiduciary Sr. Analyst

Citigroup Inc. Jersey , GA 30018

Posted 2 months ago

The Trust Fiduciary Sr. Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.

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. The Private Bank is focused on clients with a minimum net worth of $25mm and serves 40% of the world's billionaires and their families.

  • CBNA is the primary legal entity for Citi, providing products and services to consumers, financial institutions and corporate clients around the world. In the past, Citi has provided most of its internal reporting on a business by business basis. With the changes in the regulatory environment, strong legal entity reporting and governance has become essential. This team is responsible for ensuring that CBNA has the appropriate governance and control infrastructure to meet the demand for legal entity planning, execution, information management and the ever-evolving regulatory environment.

  • 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 and introduces clients to a broad range of investment management opportunities.

  • An individual in this role will be expected to:

  • Manage an existing book of trust and estate accounts: types of accounts include revocable and irrevocable trusts, testamentary trusts, ILITS and IRA accounts, various types of charitable trusts, estate accounts, and agency accounts, both discretionary and directed; initiate investment management of the accounts by coordinating with Private Bankers and Investment Counselors and utilizing both internal and external investment managers including equities, fixed income, mutual funds, ETFs, private equities, hedge funds and real estate vehicles to ensure the appropriateness of the account allocation based on the investment objective and risk tolerance of the account; knowledge and understanding of special assets such as promissory notes, operating agreements, LLC's, LP's, loan holds, life insurance policies, real estate interests and oil and gas interests; working with both internal and external tax preparers to complete and file tax returns for the various types of accounts, including Forms 1041, 5227, 990PF, 1042S, and 1099; review of a discretionary distribution request which includes collection of financial and tax documentation from the client together with the interpretation of the terms of the trust document to determine the appropriateness of the request; review and update information for each account for the annual administrative review which includes 13 major categories.

  • Assess the client's overall estate and tax planning needs: including the knowledge and skill to review legal and trust documentation and have an understanding of the provisions in order to effectively assist the client and their advisors in achieving specific trust and estate objectives.

  • Compliance with legal requirements and internal procedures in relation to account activity: including identification and reporting to our Senior Risk Committee and management of the risk of financial loss and/or damage to Citi's reputation arisin of g from the activities within the Citi Trust businesses; Communicating with internal and external auditors as well as state examiners; working with Investment Management Oversight on the identification of and diversification of a discretionary portfolio's exposure to a single security, issuer or industry.

  • Communication: Communicate effectively with the client and/or the client's attorney on all trust and estate matters and attending in person client meetings and investment reviews; interact with and establish a working relationship with the Private Banking and Investment team in regard to the trust and overall client relationship including timely and accurate responses to inquiries.

  • Additional: Oversight and management of Assistant Trust Officers in all their duties; participation in internal and external training opportunities for ongoing professional development; drafting of policies and procedures as assigned by management and additional projects as requested; maintain a local presence in the trust and estate professional community.

  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

  • 5-8 years of experience

  • 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. Proven strong communication and project management skills. Proficiency in Microsoft Office products.

  • CFTA preferred. Experience with Fiduciary Income Tax.

Education:

  • Bachelor's/University degree or equivalent experience

Grade :All Job Level

  • All Job FunctionsAll Job Level

  • All Job Functions

  • JE

Time Type :Full time


Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity CLICK HERE.

To view the "EEO is the Law" poster CLICK HERE. To view the EEO is the Law Supplement CLICK HERE.

To view the EEO Policy Statement CLICK HERE.

To view the Pay Transparency Posting CLICK HERE.


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Legal SVP Trust Lawyer And Channel Islands Country Counsel

Citigroup Inc.

Posted 3 weeks ago

VIEW JOBS 5/12/2020 12:00:00 AM 2020-08-10T00:00 Job Purpose: Working as part of the EMEA CPB Legal Department, this lawyer will be engaged in providing legal support to the Citi Trust International business of CPB. The role involves a wide range of work, advising on legal and regulatory issues arising in connection with the product creation, standard documentation, distribution and fiduciary administration functions of this product area. Regulatory implementation is also an important area of focus, in particular at present on tax transparency (FATCA, CRS) and the Volcker Rule. In addition, this lawyer will be the Channel Islands Country Counsel under Citi's International Franchise Management. Job Background/context: The EMEA CPB Legal Team supports CPB's EMEA booking centres in the UK, Switzerland, and Jersey, and the market region banking teams covering EMEA. This lawyer will work primarily with Citi Trust's service centres in Jersey and Zurich. However, many responsibilities will be global and require coordination with service centres in the Bahamas, Singapore and the US, as well as CPB Legal colleagues and other control partners globally. In relation to the Channel Islands Country Counsel role, the lawyer will work with other businesses, including in particular the Trade and Treasury Solutions and the Consumer businesses and both product lawyers and other Country Counsel. Key Responsibilities: * Provide legal advice regarding Citi Trust's product offering, including Citi's insurance mediation business, inclusive of investment programs and funds, as governed by applicable law in each trust administrative centre and Citi policies. * Provide legal support of corporate governance of subsidiary trust companies, coordinating with, Bank Regulatory, Citibank Corporate Legal, Corporate Tax and local legal and control groups as necessary. * Instruct and manage outside counsel in product creation, standard documentation, advice regarding fiduciary duties, including conflicts of interest, and trust litigation proceedings in multiple jurisdictions. * Partner with other control and oversight groups to create and maintain best practices to help ensure Citi Trust meets its fiduciary obligations. * Monitor legislative, legal and regulatory developments regarding product offerings and applicable local law and regulations. * Represent Citi in industry organizations and regulatory and legislative meetings and forums. * Channel Islands Country Counsel: responsible for legal aspects of franchise management and the selection of the approved law firm panel, providing jurisdiction level approvals for a range of Citi initiatives, and overseeing Non Presence Country legal standards for Guernsey and Isle of Man. Development Value: The successful candidate will be exposed to a wide range of legal work across a broad spectrum of products and services. In particular CPB's broad client base (both retail and professional) and complex multi-jurisdictional operating model means that implementation of regulation is often not straightforward and requires careful analysis and an eye for detail. The role will involve working directly with business teams and legal teams on a global basis. Qualifications Knowledge/Experience: * A general grounding in international multi-generational wealth transfer planning and fiduciary administration of trust structures is required. * Some experience with bank and financial services regulations would be beneficial, as would experience with corporate governance and with banking and investment products (e.g., managed accounts, structured products/derivatives). Skills: * Team Work: Ability to engage with a senior legal team and with a multi-functional team on a partnership basis. * Strong attention to detail: Ability to apply the care and exactness required in client disclosure documentation. * Able to meet the time demands of a profitable and market-driven business. * Conceptual thinking, creativity: Ability to view the larger picture of the product process and associated risks, and to advise senior management on appropriate structures, applicable regulation and best practice. * Communication: Ability to assimilate complex issues and communicate concisely and clearly. * Able to keep on top of a rapidly evolving regulatory environment whilst assisting the business to develop innovative but appropriate products and structures. * Able to identify legal risks and to escalate issues on an appropriate basis. * Able to work in a professional but demanding environment. Qualifications: The successful candidate will ideally have around 5-7 years or more PQE (or equivalent) and be qualified for the practice of law in Jersey jurisdiction, or in a common law jurisdiction plus significant experience in the Channel Islands or Isle of Man. Exceptional candidates with the necessary skills and type of experience may be eligible to be considered for the position, regardless of their level of PQE. Competencies: * Team Work * Adaptability * Attention to Detail * Communication Skills * Drive and Determination * Initiative * Innovation * Relationship Building * Risk Awareness Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience. Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective or perspective and uses differences to add value to decisions or actions and organisational success. * ------------------------------------------------ Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - JE * ----------------------------------------------------- Time Type :Full time * ----------------------------------------------------- Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity. Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity CLICK HERE. To view the "EEO is the Law" poster CLICK HERE. To view the EEO is the Law Supplement CLICK HERE. To view the EEO Policy Statement CLICK HERE. To view the Pay Transparency Posting CLICK HERE. Citigroup Inc. Jersey GA

Trust Fiduciary Sr. Analyst

Citigroup Inc.