MD, Institutional Investment Services

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

To provide superior client service and account management through a high touch approach that encompasses administration and fiduciary oversight for institutional clients.

Major Duties and Responsibilities:

• Provide pro-active service to clients by anticipating their needs and responding to their inquiries on a timely basis. Communicate clearly and effectively and follow-up on outstanding items related to client requests and the overall administration of client accounts.
• Maintain on-going relationships with clients, colleagues and related professionals connected to client accounts. 
• Monitor all assigned accounts in accordance with established policies and procedures.
• Facilitate internal service coordination to resolve issues and respond to client requests. 
• Interpret and implement requirements of trust and plan documents in accordance with established policies and procedures.
• Prepare summary reports and accountings for distribution.
• Initiate and authorize distributions from accounts and oversee daily cash movement.
• Responsible for maintenance of data on various bank systems.
• Performs special projects as needed
• Participate in prospect meetings, promoting the services and capabilities of the Private Bank.

Job Skills/Knowledge:

BS required and knowledge of fiduciary services At least three years' experience within a Trust or Wealth Management environment  Strong analytical ability and problem-solving skills Excellent relationship management, customer service and responsiveness to client needs High level of problem solving and ability to deal with sensitive issues and clients Ability to handle confidential matters judiciously Knowledge of the interpretation and application of trust documents Detailed oriented and accurate Ability to multi-task and prioritize

Technical Skills:

Microsoft Office with advanced Excel and Word skills Knowledge of trust accounting systems

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The estimated salary range for this position is $160,000.00 to $175,000.00. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.