Trust Officer I

Bank of America; Newport Beach (CA); On-site; USD 84,000 - 123,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Industry-leading benefits

Paid time off

Job summary

Bank of America is seeking a fiduciary associate in Newport Beach to provide fiduciary support and expertise for integrated product delivery. You will work with relationship managers and portfolio managers to define client requirements and deliver tailored fiduciary solutions.

This entry-level role focuses on understanding client circumstances, applying fiduciary knowledge, and developing the network of external partners while collaborating with a team to expand the fiduciary business.

Qualifications

• 2+ years of successful experience in trust administration, servicing and managing fiduciary relationships with high-net-worth clients (or equivalent)
• Technically proficient in fiduciary law, tax investments and administration
• Additional Legal, Paralegal and/or JD a plus, not required
• Fiduciary Education and Training (desired)

Responsibilities

• Administers fiduciary accounts complying with regulations and policies
• Understands client situations and develops tailored solutions
• Applies fiduciary law, tax and investment knowledge to client needs
• Collaborates with relationship and portfolio managers on client relationships
• Promotes the full breadth of fiduciary platform and services
• Partners with the team to deliver Bank of America’s fiduciary value proposition

Skills

Client Relationship Management

Financial Analysis

Attention to Detail

Presentation Skills

Planning

Decision Making

Problem Solving

Education

High School Diploma or equivalent

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:

Provides fiduciary support and expertise to meet the needs of clients in support of the integrated delivery of products and services. Works closely with relationship managers and portfolio managers in defining clients requirements including legal and tax aspects, and in coordinating client contact on an ongoing basis. Typically an entry level position where smallest and least complicated issues are addressed. Non-licensed associate.

Responsibilities:

• Responsible for the professional administration of fiduciary accounts including compliance with all regulations, policies and procedures
• Responsible for understanding the client’s situation and circumstances, including knowing the clients extended family and younger generation. Develops and deliverers solutions to meet client needs
• Possesses technical fiduciary knowledge in the areas of law, tax, fiduciary investing, regulation, compliance as well as estate planning. Successfully works with centers of influence and the professional community to develop a network of external referral partners
• As the key associate on specific relationships, works with teammates to deliver our full array of integrated solutions, as appropriate
• Promotes the full breadth of our fiduciary platform (fiduciary, tax, special assets, estate settlement, both internally and externally to grow our fiduciary business and actively participates in the sales process.
• Collaborates with team members to consistently deliver on Bank of America’s Private Bank value proposition.

Qualifications:

• 2+ years of successful experience in trust administration, servicing and managing fiduciary relationships with high-net-worth clients (or equivalent)
• Technically proficient in fiduciary law, tax investments and administration
• Additional Legal, Paralegal and/or JD a plus, not required
• Fiduciary Education and Training (desired)

Minimum Education Requirement:

High School Diploma / GED / Secondary School or equivalent

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

The following laws or regulations restrict or prohibit the hiring of individuals with certain specified criminal history for the position: FDIC

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CA - Newport Beach - 500 Newport Center Dr - Newport Center (CA9165)

Pay and benefits information

Pay range

$84,300.00 - $123,300.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.