Trust Officer

At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!

What You Can Expect At BBH:

If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself-without leaving the firm. We encourage a culture of inclusion that values each employee's unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

Join us as a Trust Officer

The Trust Officer coordinates and administers trust accounts for various clients. This position interacts with clients, accountants, attorneys and other intermediaries, as a point of contact for book of business. The Trust Officer identifies and communicates types of tax planning vehicles and assists RM teams with business development. This position also oversees and manages the activities of any Trust Administrators, supporting the Trust Officer's book of business.

If you are looking to push your career to the next level, introduce yourself by submitting your resume.

Key responsibilities include:

Client Interface

• Respond to internal and external requests for information
• Serve as a point of contact for book of business, speaking directly with clients, accountants, attorneys and other intermediaries
• Communicate intermediate to complex trust and estate concepts to colleagues, co-trustees and beneficiaries
• Assist Relationship Managers on advising clients of financial products available and appropriate for trust
• Attend meetings with clients from personal book, on own or in partnership with Relationship Managers

Portfolio Accounting

• Demonstrate experience with Sungard or other trust accounting systems
• Prepare payment instructions and supervise input requests for client payments and transfers
• Evaluate and make decisions related to distribution requests

Monitor and Controls

• Coordinate and administer trust accounts for various clients
• Maintain complete records, including supporting documentation for discretionary distributions and payments
• Review document drafts (trusts, wills, releases, accountings) prepared by external counsel prior to execution
• Prepare annual administrative reviews

Tax / Technical / Business Development

• Identify and communicate types of tax planning vehicles.
• Participate in meetings with Wealth Planners and Senior Trust Officers.
• Demonstrate a working knowledge of the interpretation and practical application of trust and estate document provisions, trust and estate law, taxes and investments
• Supervise the activities of Trust Administrators.

Qualifications:

• 7 years of relevant experience
• Bachelor's degree or equivalent work experience, required
• JD or other advanced degree, preferred
• Knowledge of trust estates and tax laws
• Strong marketing and communications skills
• Experience with SunGard or other trust accounting systems
• Ability to identify and communicate tax planning vehicles
• Strong working knowledge of the interpretation and practical application of trust and estate document provisions, trust and estate law, taxes, investments, and the legal framework of trust administration
• Knowledge of BBH policies and compliance guidelines
• Experience with Microsoft Office products, particularly Excel and Word

This role is based in our New York City location and is a hybrid role, with three days per week in office.

Salary Range

$120k - $150k base salary annual bonus target

BBH's compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck-providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.