Back to search results

Senior Trust Officer - Bank of America Private Bank

Winter Park, Florida

Job Description:

Business Overview

 

Private Bank, 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.

 

Private Bank 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. Private Bank employs more than 4,100 professionals and maintains 135 offices in 33 states.

Description:  The Senior 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.

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 Bank of America’s 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

Requirements

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

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-19080816

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
250 S Park Ave, FL, Winter Park, 32789