Specialized Fiduciary Officer I (SFO I)
About The Position
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. 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! Specialized Fiduciary Officer I (SFO I), Private Banking, Boston - This job is responsible for assisting in ensuring all documents are properly completed and comply with policy guidelines and industry regulations. Key responsibilities include supporting improvements to manage, control, and mitigate fiduciary risk, while working closely with team members to drive consistency in approach and results. Job expectations include assisting in administration of trust accounts and having knowledge of fiduciary laws, regulations, standards of management, and internal fiduciary policies and procedures.
Requirements
- BS/BA degree preferred in a business related field
- 2-3 yrs. experience working with high net worth clients required specific to the Private Banking and Merrill Lynch divisions
- Specific Trust and Fiduciary services work experience required of the qualified candidate
- High School Diploma / GED / Secondary School or equivalent
Nice To Haves
- Attention to Detail
- Customer and Client Focus
- Problem Solving
- Relationship Building
- Risk Management
- Account Management
- Administrative Services
- Client Management
- Issue Management
- Active Listening
- Candidate Screening
- Prioritization
- Process Simplification
- Referral Identification
Responsibilities
- Supports improvements to the bank's ability to manage, control, and mitigate fiduciary risk
- Supports administrative reviews of trust accounts to drive consistency in approach and results
- Supports activities that ensure accounts are in line with the fiduciary standard by complying with policies and industry regulations
- Supports mitigating fiduciary risks, while addressing client issues and concerns
Benefits
- Discretionary incentive eligible
- Industry-leading benefits
- Access to paid time off
- Resources and support
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
