Senior Trust Officer

Min 5 yrs required

Full-time

No

Senior Trust Officer - Bank of America - Full Time - 40 hours per week

Key Responsibilities:

- Maintains a book of fiduciary and investment management accounts
- Responsible for administrative and business development of complex IM&T accounts
- Works with Market Trust Executive to ensure trust product awareness and education of clients, associates, and COIs
- Handles regulatory and compliance procedures governed by the OCC
- Involved in new business development activities, focusing on estate/financial planning and the Bank's fiduciary platform

Job Summary:

- The Senior Trust Officer (STO) maintains a trust book and is a seasoned Trust Officer in the market.
- Works closely with local Private Bank teams to achieve strategic objectives of PWM market overall.
- Primary responsibility is the administration and business development of the IM&T book.
- Expected to deepen relationships through estate and financial planning.
- Leads and is accountable for trust product sales and working with MTE, MTTL, or TTL to ensure trust product awareness and education of clients and Private Bank associates in market.
- Responsible for managing fiduciary risks and adhering to trust policies.
- Well-respected internally and externally with proven ability to effectively partner with others.

Requirements:

- Bachelor's Degree and a minimum of 5 years of trust administration and estate planning experience preferred.
- Fiduciary professional with CTFA, CFP, AEP, JD, or CPA (or 6 months away from obtaining certification) preferred.

Key Competencies:

- Technical expertise in trust administration, fiduciary law, and estate and wealth transfer planning
- Proactive approach to problem solving
- Ability to provide solutions within the Bank's risk/reward profile
- Drive to close sales
- Strong communication and team player skills
- Knowledge of policies, procedures, and regulatory requirements
- High level of understanding of high net worth clients' concerns and issues
- Ability to connect with high net worth clients

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

Work Hours:

- 1st shift (United States of America)
- 40 hours per week

Travel:

- 5% of the time

Benefits:

- Competitive benefits package offered
- Opportunities for growth and career development within the company
- Diverse and inclusive workplace for all employees
- Family-friendly policies and benefits to support physical, emotional, and financial well-being

Join Bank of America and make a difference in the financial lives of individuals, families, and communities. Apply now for the Senior Trust Officer position and start your journey towards a rewarding career.

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works with typically large and complex high net worth clients and beneficiaries involving multi-generational families. 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 bank of america’s private bank to best meet client needs (wealth strategists, office of chief fiduciary, etc

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