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Bank of America Senior Trust Officer in Boston, Massachusetts

Senior Trust Officer

Boston, Massachusetts

Job Description:

Job Description:

The Senior Trust Officer maintains a book of fiduciary and investment management accounts. Primary responsibility is the administrative and business development of the most complex IM&T (Investment Management and Trust) accounts. Works with the Market Trust Executive to assure trust product awareness and education of clients, associates and COIs (Centers of Influence.)

Works with typically large and complex high net worth clients and beneficiaries involving multi-generational families. Handles regulatory and compliance driven procedures governed by the OCC. Involved with new business development activities with a focus on estate/financial planning and the Bank’s fiduciary platform.

The Sr. Trust Officer is a highly experienced, well-rounded fiduciary professional who will partner with Private Client Advisors in closing new business and will provide high level advisory consultation to clients.

Credentials / Experience:

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

Minimum of 8 years of trust administration and estate planning experience

Key attributes / competencies:

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

Key Responsibilities:

Partner with PCAs to drive business development / close new Trust business in prospecting activities

Proactively identify and harvest opportunities to deepen relationships within current client base

Meet with key clients periodically to maintain relationships and identify issues / new business opportunities, and provide trust, estate, and wealth transfer planning advice

Proactively engage other specialists within the Private Bank to best meet client needs (wealth strategists, Office of Chief Fiduciary, etc.)

Proactively identify and resolve client issues

Engage in high level trust administration; oversee all administration activities

Document interpretation

Oversee risk management activities

Identify at risk clients; proactively resolve issues / meet with at-risk clients as needed to drive retention​

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Description:

The Senior Trust Officer maintains a book of fiduciary and investment management accounts. Primary responsibility is the administrative and business development of the most complex IM&T (Investment Management and Trust) accounts. Works with the Market Trust Executive to assure trust product awareness and education of clients, associates and COIs (Centers of Influence.)

Works with typically large and complex high net worth clients and beneficiaries involving multi-generational families. Handles regulatory and compliance driven procedures governed by the OCC. Involved with new business development activities with a focus on estate/financial planning and the Bank’s fiduciary platform.

The Sr. Trust Officer is a highly experienced, well-rounded fiduciary professional who will partner with Private Client Advisors in closing new business and will provide high level advisory consultation to clients.

Credentials / Experience:

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

Minimum of 8 years of trust administration and estate planning experience

Key attributes / competencies:

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

Key Responsibilities:

Partner with PCAs to drive business development / close new Trust business in prospecting activities

Proactively identify and harvest opportunities to deepen relationships within current client base

Meet with key clients periodically to maintain relationships and identify issues / new business opportunities, and provide trust, estate, and wealth transfer planning advice

Proactively engage other specialists within the Private Bank to best meet client needs (wealth strategists, Office of Chief Fiduciary, etc.)

Proactively identify and resolve client issues

Engage in high level trust administration; oversee all administration activities

Document interpretation

Oversee risk management activities

Identify at risk clients; proactively resolve issues / meet with at-risk clients as needed to drive retention​

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22043034

Band: H4

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Christine Balzano

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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