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Senior Fiduciary Consultant, Newport Trust

Newport

in Remote / Washington DC / New York NY / Minneapolis MN / Los Angeles CA

Logo for Newport

Who We Are:

Newport helps companies offer their associates a more secure financial future through retirement plansinsurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced and responsive.

Company Overview:

Headquartered in Walnut Creek, California, Newport is a leading independent retirement services provider that helps employers — and the advisors who serve them — prepare employees for a more financially secure retirement. The company has more than $140 billion in retirement assets under administration and more than $270 billion in corporate retirement and insurance assets. Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Staffed by an exceptional team of nearly 1,600 retirement, insurance, and consulting professionals, the company provides retirement solutions tailored to the needs of employers of every size, from small businesses to the Fortune 1000.

Newport Trust Company, a wholly owned subsidiary of Newport, provides America’s leading corporations and institutions with institutional trustee and independent fiduciary services.  Our team serves as an investment manager responsible for managing large blocks of employer securities, as an independent fiduciary responsible for making prudent decisions, as a discretionary trustee responsible for administering deferred compensation arrangements, and as an independent auditor responsible for evaluating compliance programs for investment managers.

Job Summary: The Senior Fiduciary Consultant for Newport Trust will manage one-time and recurring projects for major financial institutions and asset managers, including third party assessments of business processes, procedural compliance reviews, and independent audits.

This position may be based out of one of Newport's Trust locations in Los Angeles, Washington, DC, New York or Minneapolis with the opportunity for remote working available.

What You Will Do:

  • Manage complex projects for financial institutions and asset managers by interfacing with clients, conducting due diligence, leading internal review, and preparing deliverables in accordance with engagement deadlines
  • Prepare data requests, review documentation, identify critical information for further review, and follow up on outstanding issues
  • Develop testing protocol to evaluate compliance with policies and procedures related to managing institutional accounts
  • Conduct due diligence by interviewing personnel, observing internal processes and systems, and reviewing reports
  • Perform testing on a representative sample of transactions and institutional accounts over a specified period
  • Prepare reports documenting relevant background information, review process, determinations related to compliance with policies and procedures, and recommendations for improvement
  • Monitor developments with clients, provide committee updates, and present reports for institutional accounts
  • Contribute to business development efforts by performing market research, preparing presentation materials, participating in pitches, networking, and eventually managing the service offering

 Required Education, Experience and Certificates, Licenses, Registrations

  • Bachelor’s degree from an accredited university in a business program or related field (e.g., Finance, Economics)
  • 5+ years of professional experience in project management, management consulting, independent auditing, internal audit, compliance, and/or risk management
  • Industry exposure to financial institutions and asset managers serving institutional investors
  • Strong written and verbal communication skills
  • Focused on delivering responsive and high quality service to clients
  • Proven team player who works effectively with colleagues
  • Highly motivated individual with entrepreneurial spirit who is eager to learn, contribute to the team’s success, and grow the business

Preferred (but not required) education or skills for this role

  • Familiarity with the legal/regulatory issues related to managing institutional accounts, including the Employee Retirement Income Security Act of 1974, as amended (ERISA), and guidance published by the Department of Labor (DOL)
  • Project Management Professional (PMP) certification

Competencies

  • Client Service Oriented
  • Personable
  • Team Player
  • Proactive
  • Problem Solver
  • Resourceful
  • Independent
  • Integrity
  • Time Management
  • Detail Oriented

 Travel

  • Up to 5%.

Newport offers for employment are conditioned upon satisfactory completion of our employment screening process (including, but not limited to, a review of past employment and education records, background investigation, and/or credit check and fingerprints.)

Newport unequivocally rejects racism and discrimination of any kind and fosters an environment of belonging to provide access and opportunity for all.  As an Equal Opportunity Employer we do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identify, gender expression, national origin, age, non-disqualifying physical or mental disability, veteran status, or any other basis covered by applicable law. All employment is decided on the basis of qualifications, merit, and business need.

How to Apply

Apply Now


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