The Philanthropic Solutions group at Bank of America’s Private Bank delivers expertise and a comprehensive suite of investment and management services to help individuals and institutions build and sustain their charitable missions. Serving in a trustee or agency capacity for private foundations, endowments, split-interest trusts and donor-advised funds, the Philanthropic Solutions team provides strategic advice and planning to help clients fulfill their mission more effectively, asset management services and solutions to help align and achieve financial and charitable objectives, and administration and record-keeping services to simplify donors’ administrative burden.
Responsible for performing service and fulfillment activities to meet Philanthropic Solutions client needs and expectations. Philanthropic product set expert who acts as an additional point of contact for clients and/or as a backup for client-facing relationship managers. Performs administrative duties for a breadth of philanthropic giving vehicles. Provides high level administrative support to client facing relationship managers including day to day transaction processing. These duties include but are not limited to daily money movement activities, account set up and ongoing administrative reviews, system updates, grantmaking administration, and other compliance and regulatory matters as assigned. Proactively communicates via phone and e-mail directly with clients, Private Bank partners and various lines of business, as well as external resources - accountants or attorneys, who are related to the client relationships as part of day-to-day management. Reviews and analyzes trust/financial information, reacts accordingly and prioritizes as appropriate. Provides recommendations to leadership of products and service requests that may enhance client satisfaction and experience. Also responsible for identifying new business and deepening opportunities from existing book of business. Non-licensed associate.
Key Skill Requirements:
2-5 years of institutional philanthropic, non-profit administration, fiduciary banking or financial services experience
Passion for the non-profit sector and charitable engagement
Superb and effective communication skills
Excellent ability to work in fast paced and collaborative team environment as well as independently problem solve and make decisions that impact clients and partners
Strong analytical skills with high attention to detail and accuracy
Excellent organizational, prioritization and time management skills
Ability to take initiative and proactively follow up and follow through skills
Ability to operate with a high level of autonomy
Develop strong interpersonal alliance and fosters partnerships among team members and business partners and supports enterprise view to support GWIM objectives.
Significant knowledge of the legal, tax, investment and compliance aspects of fiduciary administration
Microsoft Office Suite knowledge required
Experience working with MicroEdge Gifts and PACE systems
Relationship management experience working directly with non-profit organizations, boards and/or UHNW clients
Established knowledge of all types of charitable entities, trust, fiduciary law, and federal regulations
Charitable Trust Administration experience
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.
Shift:1st shift (United States of America)
Hours Per Week:40
Learn more about this role
Our office is one of the most prestigious landmarks on Bunker Hill and neighbors such attractions as The Walt Disney Concert Hall, the MOCA Grand and the iconic Angels Flight.