Senior Trust Officer

Bank of America; New York (NY); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player seeks a dedicated professional to manage fiduciary and investment management accounts for high-net-worth clients. This role involves overseeing complex investment management and trust accounts while collaborating with teams to drive business development and retention. The ideal candidate will possess a proactive approach to problem-solving and a deep understanding of fiduciary law and wealth transfer planning. Join a company committed to creating a diverse and inclusive workplace, where your contributions will help shape the financial futures of clients and communities alike.

Qualifications

• 5+ years of trust administration and estate planning experience.
• Technical expertise in fiduciary law and wealth transfer planning.

Responsibilities

• Manage fiduciary and investment management accounts for high-net-worth clients.
• Ensure compliance with regulatory requirements related to client accounts.

Skills

Business Development

Client Management

Customer and Client Focus

Wealth Planning

Client Solutions Advisory

Decision Making

Attention to Detail

Critical Thinking

Planning

Prospecting

Education

Bachelor's Degree or equivalent business experience

High School Diploma / GED / Secondary School

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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Job 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, assistingclients 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:

10-15 years of trust administration and estate planning experience

Fiduciary professional with CTFA, CFP, AEP, JD, or CPA (or 6 months away from obtaining certification), preferred.

Skills:

Business Development

Client Management

Customer and Client Focus

Wealth Planning

Client Experience Branding

Client Solutions Advisory

Decision Making

Presentation Skills

Process Management

Attention to Detail

Critical Thinking

Planning

Prospecting

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

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling 1.877.760.2076. This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

Please note: Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response.