Back to search results

Regional Fiduciary Officer

Boca Raton, 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.

Position Description

Responsible for providing advice, guidance and training to Bank of America Private Bank fiduciary account teams and centralized units on technical fiduciary issues in support of sales efforts and administration processes across a fiduciary book of accounts.  Assist account officers with exercise of fiduciary discretion and review of new business opportunities.  Responsible for providing first line, early intervention on fiduciary issues and risk matters.  Serves as primary resource for comprehensive fiduciary and technical advice relating to the administration of Bank of America fiduciary accounts.  In-depth knowledge of the following areas: general fiduciary law and principles, trust and wealth transfer techniques, and federal and state laws/regulations pertaining to fiduciaries.

Qualifications/Desired Skills: 

  • 5+ years’ experience as a practicing Trusts & Estates lawyer in private practice and/or time employed by a Bank, Private Wealth Management firm or Trust Company performing a legal, risk or fiduciary line of business function
  • Experience working with trust officers/fiduciary specialists and making fiduciary related risk-reward decisions
  • Demonstrated ability to intelligently and persuasively articulate positions and influence decision makers and management on all levels as well as COIs and other external partners
  • Technical expertise in areas of fiduciary, planning, tax, regulatory, legal and compliance
  • Strong ability to work in partnership with other functions/roles, including Legal and Risk
  • Keen awareness of when to escalate matters to Legal Department and/or management
  • Licensed to practice law in, or familiar with fiduciary laws of, Florida, and familiarity with the Uniform Trust Code.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20007505

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
1 TOWN CENTER RD, FL, Boca Raton, 33486