Senior Trust Officer - Private Bank

Bank of America•San Francisco, CA

15d•$98,100 - $210,000•Onsite

About The Position

This role manages a book of fiduciary and investment management accounts for high-net-worth clients and beneficiaries, including multi-generational families. It oversees the administration and business development of complex investment management and trust accounts, and works with team members to promote trust product awareness and education among clients, associates, and Centers of Influence. The role partners with teams to drive business development and client retention, assist clients with wealth planning needs, and manage risk. The position is based at 555 California St in San Francisco, California. Bank of America describes its culture as in-office, with office-based attendance requirements and role-specific flexibility. The role is first shift and works 40 hours per week. The stated annual salary range is $98,100 to $210,000, with offers determined by experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and benefits, including paid time off.

Requirements

Minimum of five years of trust administration and estate planning experience.
Technical expertise in trust administration, fiduciary law, and estate and wealth transfer planning.
Knowledge of and adherence to policies, procedures, and regulatory and legal requirements related to client accounts and portfolios.
Ability to identify and develop new business opportunities through new or expanded relationships with existing clients and prospects.
Initiative and a proactive approach to problem solving.
Creative, prudent approach to providing solutions within the bank’s risk/reward profile.
Proven ability to confidently close sales and meet or exceed revenue targets.
Good people and partner communication skills and ability to work as part of a team.
Savvy and sophistication regarding high-net-worth clients’ concerns and issues.
Ability to communicate and connect with high-net-worth clients.
Minimum education requirement: High School Diploma, GED, secondary school, or equivalent.

Nice To Haves

Fiduciary professional designation such as CTFA, CFP, AEP, JD, and/or CPA.
Bachelor’s degree or equivalent business experience in a high-net-worth trust environment.

Responsibilities

Provide fiduciary administration support, including reviewing trust instruments, participating in matters where the trustee exercises discretion, managing risk, and conducting periodic trust reviews.
Support investment management accounts by coordinating account openings and closings, money movement, and account maintenance.
Engage with clients and prospects to build and transfer wealth tailored to their goals while delivering a high-quality experience.
Ensure compliance with regulatory and legal requirements related to client accounts and portfolios.
Identify and develop new business opportunities by pursuing new or expanded relationships with existing clients and prospects.