Philanthropic Officer (PO), Private Bank

Bank of America • Boston, MA

2d • $33 - $41 • Onsite

About The Position

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.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Requirements

• BA/BS Degree desired
• 2-5 years of institutional philanthropic, non-profit administration, trust, fiduciary banking or Private Banking 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.
• Microsoft Office Suite knowledge required

Nice To Haves

• Experience in suite of Private Bank technology systems, including Client Experience Workstation (CEW), Salesforce and TrustWeb
• 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

Responsibilities

• 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.
• Reviews and analyzes trust/financial information, reacts accordingly, and prioritizes as appropriate.

Benefits

• Access to paid time off
• Resources and support to our employees
• Discretionary incentive eligible
• Eligible to participate in the annual discretionary plan
• Annual discretionary award based on individual performance, line of business performance, and overall company success.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED