Hybrid Head of Family Advisory and Trust bei Flagstar Bank

Position Title

Head of Family Advisory and Trust

 

Location

New York, NY 10018

 

Job Summary

JOB SUMMARY

The Head of Family Advisory and Trust leads the Private Bank’s estate planning division, overseeing the development and implementation of estate strategies for high-net-worth individuals, families, and business clients. This role ensures that estate planning services align with regulatory requirements, client needs, and the bank’s broader wealth management objectives.

Pay Range - $275,972 - $386,361 - $496,750

 

Job Responsibilities:

JOB RESPONSIBILITIES

Leadership & Strategy

• Develop and execute the bank’s Wealth Planning strategy.
• Lead a team of Wealth Planners.
• Collaborate with other departments, including private banking, and investment management.

Client Advisory & Relationship Management

• Serve as a key advisor for high-net-worth clients, offering customized estate planning solutions.
• Advise on estate planning strategies and Trust structures to optimize tax efficiency, asset protection and estate transfer.
• Foster relationships with legal and tax professionals to provide comprehensive solutions.
• Establish and manage selling agreement with third party Trust Company.

Compliance & Risk Management

• Ensure estate planning services comply with legal and regulatory requirements.
• Monitor industry changes and update strategies accordingly.
• Work with compliance and legal teams to mitigate risks associated with estate planning.

Business Development & Revenue Growth

• Identify new business opportunities within the bank’s client base.
• Drive estate planning revenue growth by cross-selling related financial services.
• Represent the bank at industry conferences and networking events.

Qualifications:

• Deep knowledge of estate, tax, and trust laws.
• Strong leadership and client relationship skills.
• Excellent communication and relationship management skills.
• Experience in a bank or financial institution is highly preferred.

Skills:

• In-depth knowledge of financial markets and investment strategies.
• Proficiency in portfolio management and asset allocation.
• Strong understanding of regulatory requirements and risk management.
• Ability to build and maintain relationships with high-net-worth clients.
• Uses independent judgement and discretion to make decisions.
• Analyzes and resolves problems pertaining to wealth planning
• Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.  Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: PhD  Juris Doctor(JD) with focus on Estate Planning, Tax Law, and/or Trust and Fiduciary Law
• Minimum experience required: 10+ Years experience in estate planning, wealth management, or trust services.

Preferred Qualifications:

• Education level preferred: Master's Degree (or Postgraduate equivalent) (JD required)

Job Competencies:

• Strong analytical skills and the ability to interpret complex financial data.
• Excellent communication and presentation skills.
• Proven leadership experience and the ability to manage a team effectively
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results. 
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience. 
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders. 
• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

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