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Regional Fiduciary Officer

Providence, Rhode Island;

Job Description:

Bank of America Private Bank 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.

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:

Responsible for providing advice, guidance and training to the Private Bank 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 early intervention on fiduciary problems and risk matters.  Serves as primary resource for comprehensive fiduciary and technical advice relating to the administration of 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:

  • 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
  • Demonstrates superior judgment and reasoned decision making in exercising discretion upon taking into consideration totality of facts and circumstances
  • Knows when appropriate to escalate a matter to his/her direct manager

Education Requirements or Certifications:

  • Attorney licensed to practice law in at least one U.S. Jurisdiction, and preferably some knowledge of Uniform Trust Code, Chicago and/or Massachusetts laws.

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America Private Bank 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.

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:

Responsible for providing advice, guidance and training to the Private Bank 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 early intervention on fiduciary problems and risk matters.  Serves as primary resource for comprehensive fiduciary and technical advice relating to the administration of 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:

  • 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
  • Demonstrates superior judgment and reasoned decision making in exercising discretion upon taking into consideration totality of facts and circumstances
  • Knows when appropriate to escalate a matter to his/her direct manager

Education Requirements or Certifications:

  • Attorney licensed to practice law in at least one U.S. Jurisdiction, and preferably some knowledge of Uniform Trust Code, Chicago and/or Massachusetts laws.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21074618

Band: H4

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Teresa Perry

Referral Bonus:

0