PRACTICE LEAD, WEALTH MANAGEMENT ESTATE SETTLEMENT (Finance)

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

PRACTICE LEAD, WEALTH MANAGEMENT ESTATE SETTLEMENT

OH: R142573

Responsible for managing National Estate Settlement practice, setting strategy, providing leadership, achieving organic growth in fees for current estates and growth in future fee appointments and overseeing effectiveness. Works closely with Region Presidents, Market Leaders, Practice Leaders and others to ensure estate settlement team is properly positioned and strategy is supported. Maintain and provide ongoing metrics around growth, risk management and other pertinent items. Manage all risk requirements for the practice, including RCSA, audit, internal reviews and related items. Provides functional expertise, ensures necessary solutions are developed as appropriate. Assesses opportunities to streamline and implement changes as appropriate. Conducts the performance management process, identifies training and development needs, and establishes performance standards for the practice.

Major Duties:

• Set strategy for Estate Settlement practice and communicate effectively to partners. Ensure ESS strategy is supportive of WM and corporate strategic priorities.
• Effectively manage teams across Northern Trust's footprint, understanding market expectations, partner needs and corporate expectations.
• Achieve organic growth in estates >$10MM, overall revenue and future fee appointments.
• Work with Region Presidents, Market Leaders and Practices to coordinate service delivery, acceptance process, strategic initiatives and other issues.
• Create and maintain metrics on growth, risk and other metrics; prepare reports for management.
• Makes staffing decisions, manage expenses and salary review process for the practice.
• Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication, as well as the Northern Trust cultural behaviors: relentlessly client-centric, constantly managing risk, respectfully candid, intentionally inclusive and always accountable.

The successful candidate will benefit from having the following competencies:

• Estate administration or personal trust, with broad exposure to legal, tax, investment, and operational elements required.
• Undergraduate, Graduate, JD, with related industry qualifications (e.g. Certified Financial Planner/CFP, Master of Laws/LLM, Certified Trust and Fiduciary Advisor/CTFA, Certified Private Wealth Advisor/CPWA) or other professional designation is strongly preferred.
• Leadership and organizational skills are required to determine the Business Unit's goals.
• Interprets internal/external business challenges and recommends best practices to improve products, processes or services.
• Excellent oral and written communication skills are required.
• In-depth Functional / Industry Knowledge is required.
• Highly flexible and adaptable to change.
• Leadership and organizational skills are required to direct the activities for the practice.
• Knowledge of business strategy development is necessary to provide long term planning and to manage the profitability/performance of a major business segment.

Salary Range:
$205,700 - 360,100 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.