Fiduciary Trust International is a wealth management firm founded in 1931 by families for families, with a singular focus on growing and protecting our clients' wealth through generations. We work closely with individuals, families and foundations to build and manage personalized investment portfolios, and to develop estate plans that extend wealth to future generations. And, we are part of Franklin Templeton, a global investment leader. That means we can combine a personalized experience with access to sophisticated research and investment solutions.
Our Lincoln, MA office, approximately 30 minutes outside of Boston, is growing! We are seeking a Private Fund Administrator (Alternative Investments) to join our team of investment and client-service professionals. This position may
also sit in New York City
In this newly created role, the Private Fund Administrator - Alternative Investments is responsible for providing support to the front office by ensuring seamless coordination of pre-trade processes relating to client investments in alternative assets.
The incumbent must have experience with completing /reviewing subscription documents for private equity and hedge fund investments (required)
Responsibilities
- Work with Portfolio Managers to complete AML/KYC, OSQ and AI/QP forms necessary for client investments in private vehicles / private equity / hedge funds.
- Review completed subscription documents for all alternative investments (hedge funds, private equity funds and private real estate funds, including FTI private vehicles) and handle follow up questions and requests for supporting materials.
- Track alternative investment closing dates and deadlines, ensuring all deadlines are met.
- Handle maintenance of alternative investments, including amendment consents, and tax certification, new issue, and FINRA forms.
- Play
- a significant role in helping to develop robust processes and reports to keep the front office informed about crucial pre-trade status, processes, and requirements, enabling them to stay updated and make informed investment decisions.
Qualifications
- 5+ years of experience in alternative investments or wealth management industry
- Required Must have demonstrated experience completing/reviewing subscription documents for private equity funds, private real estate funds, and/or hedge funds
- Should have familiarity with trust, estate, and legal entity structures
- Know Your Client and Anti-Money Laundering experience (KYC/AML)
- Understanding of laws and regulations with respect to KYC/AML/Bank Secrecy Act, OFAC, and the PATRIOT Act
- Private fund administration experience
- Ability to multitask and prioritize daily work responsibilities
- Ability to track and meet shifting deadlines
- Ability to comprehend and follow written / verbal instructions with limited supervision
- Ability to communicate effectively (both verbally and written)
- Strong attention to detail
- Ability to liaise between the Portfolio Managers, Compliance and Senior Management
Compensation Range Franklin Templeton offers employees a competitive and valuable range of total rewards-monetary and
non-monetary-designed
Learn more about our firm by reviewing this link,
The Story of Fiduciary Trust International.
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What makes Franklin Templeton unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of
Total Rewards
Highlights of our benefits include
- Three weeks paid time off the first year
- Medical, dental and vision
- insurance
- 401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits
- Employee Stock Investment Program
- Tuition Assistance Program
- Purchase of company funds with no sales charge
- Onsite fitness center and recreation center*
- Onsite
- cafeteria*
*Only applicable at certain
locations
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and
supporting our communities
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.
Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at
Franklin Templeton Careers
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diverse and inclusive
accommodations@FranklinTempleton.com