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Fiduciary Risk and Unique Assets Officer - 3DLUN in Woodbridge Township, NJ at M&T Bank

Date Posted: 11/7/2018

Job Snapshot

Job Description

Fiduciary Risk and Unique Assets Officer

Wilmington Trust Bank

Iselin, New Jersey


Support the Head of Fiduciary Risk Management in managing the Banks’ fiduciary risk management group and provide support in managing the Banks’ unique asset properties.
Partner with the fiduciary team to help manage unique asset properties held in fiduciary accounts.
Responsible for the management of policies, procedures and business practices as it relates to the oversight of unique asset properties held in fiduciary accounts.
Responsible for the reporting of unique asset properties.
Responsible for identifying critical risk issues in the Banks’ unique assets properties.
Responsible for working with the Investment Management team to strengthen the Bank’s business processes related to the oversight of unique asset properties held in fiduciary accounts.
Participate in committees pertinent to the administration of fiduciary accounts, including acting as a critical member of the Bank’s Unique Asset Committee.
Manage external parties, such as vendors, on the management of unique asset properties held in fiduciary accounts.
Understand and become proficient in the Banks’ trust accounting system so as to manage, and report on, the unique asset properties held in fiduciary accounts.
Participate in the review, development and enhancement of fiduciary related policies, procedures and business practices (e.g., forms; job aids) to ensure that the Wealth Management Division maintains proper controls.
Participate in regulatory examinations and internal audits pertinent to unique asset administration and other related topics in the Wealth Management Division and in doing so, work with the first and second lines of defense.
Proactively identify and execute on projects, initiatives and innovations designed to both mitigate the risk and enhance the delivery and profitability of fiduciary services across the division.
Develop effective working relationships with the fiduciary leadership team, key business partners, and senior leaders of the division.
Participate in the planning, development and implementation of various projects and initiatives in support of the department and/or division.
Develop a thorough understanding of the business and its functions, processes and operations. Keep informed of business and market trends that may affect the business/department.
May be involved with some or all of the following: (i) setting policy or developing and overseeing the implementation of procedures or controls related to compliance requirements within a business processes; (ii) directly or indirectly monitor functions to ensure procedures and controls are functioning as designed (e.g., reviewing and resolving exception reports or ensuring that exception reporting is occurring and/or providing reporting and trending of data for management); (iii) develop training of business line personnel regarding procedures and controls designed to ensure compliance with laws and/or regulations; or (v) participate in the management of examinations or audits as well as any resulting corrective actions.
Ability to provide coaching, mentoring and feedback to staff.
May exercise typical managerial authority, including performance appraisals, promotions, salary recommendations, performance management and terminations.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. May design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Complete other related duties as assigned.
The position requires interaction with internal contacts at the senior management level, as well as external contacts in order to obtain pertinent information.
The position acts as liaison between department and other Bank personnel on various projects.
May require the management of a small team (less than five persons)
Bachelor’s degree and a minimum of seven years relevant work experience
Experience planning with unique and special assets in fiduciary accounts
Awareness of fiduciary, compliance, regulatory and/or risk management issues in financial services
Strong oral and written communication skills.
Strong analytical ability and creative problem solving skills.
Ability to interact effectively with all levels of personnel
Advanced degree in a related field





We encourage candidates with relevant military experience to apply.

About M&T
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future. 
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.