Posted:
9/12/2024, 5:49:21 AM
Location(s):
Miami, Florida, United States ⋅ Florida, United States
Experience Level(s):
Senior
Field(s):
Growth & Marketing
Workplace Type:
On-site
Position Summary:
The Sr. Wealth Planning Specialist provide orientation and support to relationship managers and Private Wealth clients all across LATAM and selected countries of other regions on a variety of issues in connection with international wealth structuring, succession planning, asset protection, business transition and family governance, as well as on trust and private foundation planning.
The Sr. Wealth Planning Specialist reports to the Wealth Planner Sr. Manager
Position Duties / Responsibilities:
• Assess comprehensive wealth structuring plans to meet SPBI clients’ asset protection and cross-generational planning objectives. Provide guidance, strategies & tactical solutions in int’l estate, trusts, and tax planning. Provide orientation on domestic (US) and foreign trusts planning; as well as Estate, Gift and Income tax implications of NRAs investments in the US (financial or others). Analyze civil law rules of selected LATAM countries on inheritance & forced heirship, marital property regime, wealth transfer, family business protocols, and asset protection.
• Provides training and informational sessions to bankers and bank key personal on tax and wealth structuring/planning
• Handles technical questions and issues from banker and clients, resolve complex tasks and cases, in presentations, meetings, and country visits
• Make complex legal and tax presentations in English and Spanish to HNWIs in coordination with SPBI’s Marketing Dept., in conferences and corporate events.
• Develop, update and analyze ownership schemes (i.e., individual, company, trust, private foundation, segregated fund) used by BPI clients in order to find opportunities for bringing new assets under management, strengthening loyalty ties with the bank, and adding value to the most important relationships for the Group.
• Develop tax-efficient structuring ideas in international vehicles currently linked to BPI in the jurisdictions and / or topics and / or client segments assigned to him.
Other duties as assigned or requested by immediate supervisor
Specialized Knowledge:
• In-depth knowledge of a broad spectrum of international tax structuring, planning issues and appropriate vehicles / alternatives / solutions for high-net-worth individuals and families.
• Experience analyzing Latam legal systems that apply CFC and anti-deferral / anti-avoidance rules; taxation of investment income, wealth tax, gift and inheritance tax, and international tax treaties.
• Experience developing a tax-efficient portfolio on both traditional and non-traditional investments.
• Experience with international insurance planning strategies.
• Experience dealing with civil law rules on inheritance & forced heirship, marital property, cross generational wealth transfer, and asset protection.
• Experience with domestic (US) and foreign trusts planning; as well as the Estate, Gift and Income tax implications of NRAs investments in the US (financial or others).
• Experience with domestic (US) inbound portfolio & real estate investment tax planning for HNWI
Education: Bachelor’s degree required or equivalent experience
Business Experience: 7-10 years of relevant experience or demonstrated required level of proficiency
Technical Knowledge:
Tax and legal advanced research skills. Excel, PPT.
Licenses / Certifications:
Society of Trust and Estate Practitioners (a plus), Certified Trust and Financial Advisor (a plus). Bar admission (a plus)
Languages: Spanish, English
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Minimum:
Maximum:
Website: https://www.santanderbank.com/
Headquarter Location: Boston, Massachusetts, United States
Employee Count: 5001-10000
Year Founded: 2013
IPO Status: Private
Last Funding Type: Debt Financing
Industries: Banking ⋅ Finance ⋅ Financial Services