Senior Trust Officer

Bank of America

Chicago (IL)

On-site

USD 120,000 - 180,000

Full time

8 days ago

Get more replies from employers

Send a job-specific resume in minutes.

Job summary

Bank of America is seeking a senior fiduciary and investment management professional to manage high-net-worth accounts and multi-generational families. The role focuses on fiduciary administration, trust education, wealth planning, and risk management, with an emphasis on client experience and relationship growth.

The position requires strong knowledge of trust and fiduciary law, regulatory compliance, and the ability to close sales while maintaining risk controls.

Qualifications

Minimum five years of trust administration and estate planning experience.
Technical expertise in trust administration, fiduciary law, and wealth transfer planning.
Knowledge of regulatory, legal, and bank policies related to client accounts and portfolios.
Ability to identify and develop new business opportunities with existing clients and prospects.
Demonstrates initiative and a proactive approach to problem solving.

Responsibilities

Provides fiduciary administration support including review of trust instruments and discretion matters.
Supports investment management accounts including opening/closing, money movement, and maintenance.
Engages with clients and prospects to tailor wealth solutions and deliver high-quality experiences.
Ensures compliance with regulatory and legal requirements related to client accounts and portfolios.
Identifies and develops new business opportunities by expanding relationships.

Skills

Trust administration

Estate planning

Fiduciary law

Client management

Regulatory compliance

Risk management

Sales targets

Communication

Team collaboration

Education

Bachelor's degree

High School Diploma

Job description

Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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

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
Has good 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

Desired Qualifications