Senior Trust Officer

Bank of America; Worcester; On-site; GBP 50,000 - 75,000; Full time

Job summary

A leading financial institution seeks a Trust Administrator to manage complex fiduciary and investment accounts for high-net-worth clients. This role involves compliance assurance, business development, and client relationship management, requiring expertise in fiduciary law, wealth planning, and strong communication skills. Ideal candidates will have significant experience in trust administration and a proactive approach to client engagement.

Qualifications

• Minimum 5 years of trust administration and estate planning experience.
• Strong communication skills with high-net-worth clients.
• Proactive and problem-solving approach required.

Responsibilities

• Manage fiduciary administration support and conduct periodic trust reviews.
• Coordinate investment management accounts and ensure compliance with regulations.
• Identify and develop new business opportunities with existing clients.

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

Education

Bachelor’s Degree

Job description

Social network you want to login/join with:

Description

:
This job 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. Job expectations include working with teams to drive business development and retention, assisting clients with wealth planning needs, and managing risk.

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

Required Qualifications:

• Technical expertise in the areas of trust administration, fiduciary law, and estate and wealth transfer planning
• Initiative/proactive approach to problem solving
• Creative though prudent approach to providing solutions within Bank’s risk/reward profile
• Ability / drive to “ask for the order” to close sales
• Good people/partner communication skills / team player
• Knowledge of policies, procedures, regulatory requirements
• High level of savvy and sophistication re: high net worth clients’ concerns / issues
• Ability to communicate and connect with high-net-worth clients
• Bachelor’s Degree OR equivalent business experience, preferably a minimum of 5 years of trust administration and estate planning experience

Desired Qualifications:

• CPA, CFP and/or CFA designation.
• A graduate degree such as MBA or JD preferred
• The ideal candidate will bring an appropriate mix of financial services expertise, management and business development experience

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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

For internal employees; participation in a work from home posture does not make you ineligible to post.

Shift:

1st shift (United States of America)

Hours Per Week:

40