Senior Trust Settlement Officer

Bank of America; United States; On-site; USD 85,000 - 104,000; Full time

Job summary

Bank of America is seeking a Settlement Officer to independently facilitate, manage, and settle trust terminations that require fiduciary knowledge. You will work within the Trust Settlement team to ensure accurate, timely processing in a fast-paced environment.

This role requires coaching junior staff, coordinating with internal partners and external attorneys, and maintaining clear communications with beneficiaries while upholding risk controls.

Qualifications

• BS/BA degree or equivalent experience; JD preferred
• Professional designation in Paralegal studies and prior Trust, Estate, and/or Tax experience preferred
• Strong communication and organizational skills
• Ability to work in a fast-paced environment where multi-tasking and prioritization is a necessity
• Works well as an individual contributor and member of a team
• Proficient use of Microsoft Office
• Ability to learn and apply new technology and systems
• Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Responsibilities

• The Settlement Officer is accountable for independently facilitating, managing, and settling trust terminations that require expertise and knowledge of fiduciary rules and regulations in a fast-paced, high-volume environment.
• The Settlement Officer Assigns tasks to Specialized Fiduciary Administrators, monitors progress and approves completed work.
• Responsible for coaching, developing, and mentoring administrators and junior level officers within the Trust Settlement team.
• Works closely while simultaneously building and maintaining relationships with internal business partners including but not limited to: Client Team, Office of the Chief Fiduciary, Administrative Resource Team (ART), Audit, Compliance, Fiduciary Tax Services, Specialty Asset Management (SAM), Trust Operations, Fiduciary Tax Services (Tax), Portfolio Managers, etc., as well as external parties (Attorneys, CPAs, and Fiduciary Accountants).
• Monitors the settlement process and task completion to ensure accurate, timely and efficient administration, and to proactively manage business risk.
• Maintains high quality communications with beneficiaries and internal partners, with a primary focus on timely execution and client satisfaction.
• Ability to proactively identify and resolve issues.
• Acts as a technical resource to colleagues within and outside of Trust Settlement team.
• May be called upon to handle tasks delegated by Trust Settlement Manager or Director.

Skills

Communication

Organizational skills

Multi-tasking

Attention to detail

Problem solving

Client management

Collaboration

Decision making

Risk management

Oral communications

Written communications

Education

BS/BA or equivalent

JD preferred

Paralegal studies designation

Tools

Microsoft Office

Job description

Bank of America is seeking a Settlement Officer to independently facilitate, manage, and settle trust terminations that require fiduciary knowledge. You will work within the Trust Settlement team to ensure accurate, timely processing in a fast-paced environment.

This role requires coaching junior staff, coordinating with internal partners and external attorneys, and maintaining clear communications with beneficiaries while upholding risk controls.