Fiduciary Officer

The Institutional Fiduciary Officer is an important member of the Institutional Trust team of NBTC.  The team supports Institutional, Private Wealth Management and Intermediary businesses of the firm, and services a family of Collective Investment Trusts (CIT) as well as Outsourced Chief Investment Officer (OCIO) clients which are primarily endowments, foundations and pension funds.  The Fiduciary Officer will be the daily business owner of a variety of client relationships and is responsible for ensuring high levels of service while partnering closely with key internal stakeholders to ensure client satisfaction.

Responsibilities:

• Key player responsible for all aspects of client satisfaction and delivery of investment and fiduciary services to CIT and OCIO clients

• Interface with internal and external parties to provide well-coordinated and seamless service delivery

• As experience grows, engage in RFP and sales processes for CIT prospects

• Coordinate client onboarding including ensuring all legal documents required for the opening and maintenance of accounts are on hand in compliance with NBTC policy

• Establish and set up new accounts on all systems for both internal and external managers

• Significant interface with Private Wealth Investment Group to implement asset allocations in accordance with client investment policy.  Oversee/implement trading and portfolio rebalancing process

• Coordinate ongoing administration of Alternative Investments including capital calls, distributions, and asset set up on internal systems

• Manage liquidity requirements for OCIO clients

• Investigate and resolve issues with CIT clients recordkeepers and auditors

• Manage regulatory annual client account reviews, participate in servicing benefit payment clients and help to oversee daily NAV process

• Oversee the account management function, including ensuring accuracy of transaction processing, handling of aged receivables and other administrative items

• Significant interface with custodial and clearing providers and other vendors - analyze issues to identify alternatives and implement solutions

Requirements:

• Bachelor's Degree

• 5 - 10 years relevant asset management experience preferred

• Understanding of various functional roles within asset management required; working knowledge of investment products preferred

• Proficiency in Microsoft Office software (e.g. Word, Teams, Excel, PowerPoint, and Outlook)

• Must have excellent phone manner, strong communications skills, and client service focus

• Ability to work effectively across the firm. (Role requires a great deal of interaction with investment teams, Operations, Legal, Risk, Marketing, etc.)

• Strong organizational and time management skills; proactivity in following up on requests and ability to prioritize work within a dynamic, deadline-driven environment

• Must be teamwork oriented with good project management skills, and the ability to work independently with minimal guidance

• Experience with ERISA and endowment/foundation clients desirable; CIT knowledge a plus

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Compensation Details

The salary range for this role is $110,000-$150,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact [email protected].

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