Senior Trust Officer

About the role

This role is responsible for managing a book of fiduciary and investment management accounts for high-net-worth clients and beneficiaries involving multi-generational families. Key responsibilities include overseeing the administration and business development of complex investment management and trust accounts and working with team members to assure trust product awareness and education of clients, associates, and Centers of Influence.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

Responsibilities

• Provides fiduciary administration support including the review of trust instruments, participating in matters where the trustee is exercising discretion, managing risk, and conducting periodic trust reviews
• Supports investment management accounts including the coordination of opening and closing accounts, money movement, and account maintenance
• Engages with clients and prospects to build and transfer wealth tailored to their unique goals, while delivering a high-quality experience
• Ensures compliance with regulatory and legal requirements related to client accounts and portfolios
• Identifies and develops new business opportunities by pursuing new or expanded relationships with existing clients and prospects
• Works with teams to drive business development and retention, assists clients with wealth planning needs, and manages risk

Requirements

• Minimum of five years of trust administration and estate planning experience
• Technical expertise in the areas of trust administration, fiduciary law, and estate and wealth transfer planning
• Knowledge of and adherence to compliance with policies, procedures, regulatory, and legal requirements related to client accounts and portfolios
• Ability to identify and develop new business opportunities by pursuing new or expanded relationships with existing clients and prospects
• Demonstrates initiative and a proactive approach to problem solving
• Creative though prudent approach to providing solutions within the bank’s risk/reward profile
• Proven ability to confidently close sales and meet or exceed revenue targets
• Strong people/partner communication skills and is a team player
• Displays a high level of savvy and sophistication regarding high-net-worth clients’ concerns/issues
• Ability to communicate and connect with high-net-worth clients

Qualifications

• High School Diploma / GED / Secondary School or equivalent (minimum education requirement)
• Fiduciary professional with CTFA, CFP, AEP, JD, and/or CPA (desired)
• Bachelor’s Degree or equivalent business experience in High-Net-Worth Trust environment (desired)

Skills

• Business Development
• Client Management
• Customer and Client Focus
• Risk Management
• Wealth Planning
• Client Experience Branding
• Client Solutions Advisory
• Decision Making
• Presentation Skills
• Process Management
• Attention to Detail
• Critical Thinking
• Financial Analysis
• Planning
• Prospecting

Schedule

1st shift (United States of America), 40 hours per week.