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Senior Trust Officer

San Francisco, California

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.

Job Description :

A Senior Trust Officer (STO) is an experienced and skilled fiduciary professional. This position is an STO role working with clients of Merrill Advisors on the National Trust Services platform within the Bank of America Private Bank.  In this capacity the STO will partner with key Merrill Advisory stakeholders such as FA teams, Market Executives and Trust Specialists to identify opportunities for trust services, as well as provide fiduciary oversight to complex and sensitive client relationships. 
 

Key Responsibilities

  • Partner with Trust Specialists and Merrill advisors to recognize opportunities for business development, over time developing skills to work independently with Advisors to close trust business
  • Meet with key clients periodically to deepen relationships, address issues, develop new business opportunities, and/or provide trust, estate, and wealth transfer planning insight
  • Partner with assigned Trust Administrative Officer to deliver high level of service and responsiveness to Merrill advisors and clients while executing fiduciary responsibilities within the Private Bank’s established policies, procedures and protocols
  • Engage in high level fiduciary oversight, proactively identify issues and coordinate all trust administrative activities by partnering with internal groups, such as Office of Chief Fiduciary, Portfolio Oversight Group, Tax Services and others

Qualifications/Desired Skills

  • 5 + years of technical expertise in the areas of trust administration, fiduciary law, and/or estate and wealth transfer planning
  • Balance sense of urgency and responsiveness with   adherence to policies and procedures, as well as issue identification and resolution within the enterprise risk/reward profile
  • Aptitude to effectively build partnerships with internal stakeholders and external advisors to drive business development
  • Effective written and verbal communication skills, team-oriented focus and organizational skills

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20006226

Manages People: No

Travel: Yes, 20% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
555 California St, CA, San Francisco, 94104