Bank of America Trust Administrative Officer II (Boston, MA) in Yarmouth Port, Massachusetts
U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.
U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage. U.S. Trust employs more than 4,100 professionals and maintains 135 offices in 33 states.
The Trust Administrative Officer II (TAO II) will assist the Senior Trust Officer and Trust Officer in all phases of account/relationship administration. The TAO II will also assist in the handling of inquires, either directly or as a research resource. The TAO II will interface with Financial Advisors, clients or client's outside advisors as well as internal colleagues.
It is recognized that candidates may not have specific trust experience and/or familiarity with the company’s risk parameters and US Trust Company policies and procedures. Applicant’s who are detailed oriented, can work independently and have a willingness to learn the required skills for this role are considered viable candidates. Strong verbal and written communication skills are critical for this role, as it requires significant oral and written communication interaction with clients, Financial Advisors and intermediaries. Over time, as the TAO II gains proficiency and develops relationships with clients, advisors and internal business partners, they will independently oversee/facilitate client requests, projects and ongoing processes.
• Knowledge of basic trust concepts and vehicles.
• Awareness of basic fiduciary and tax laws, fiduciary investment strategies, practices and procedures for their area of responsibility.
• Awareness of risk parameters and the ability to apply them to situations.
• Knowledge of US Trust Company Policies & Procedures, preferred.
• Professional communication skills practices.
• Prior financial services or legal experience preferably in the Trust field.
• Demonstrated ability to function as a team player.
• Awareness of trust functions and trust operations.
• Ability to effectively organize daily account management requirements.
• BS/BA, college degree preferred and/or JD or Paralegal certification.
Posting Date : 08/03/2017
Location : US-MA-Yarmouth Port
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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