Trust Officer I

Bank of America•Newport Beach, CA

2d•$84,300 - $123,300•Onsite

About The Position

Provides fiduciary support and expertise to meet the needs of clients in support of the integrated delivery of products and services. Works closely with relationship managers and portfolio managers in defining clients requirements including legal and tax aspects, and in coordinating client contact on an ongoing basis. Typically an entry level position where smallest and least complicated issues are addressed. Non-licensed associate.

Requirements

2+ years of successful experience in trust administration, servicing and managing fiduciary relationships with high-net-worth clients (or equivalent)
Technically proficient in fiduciary law, tax investments and administration
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Business Development
Client Management
Customer and Client Focus
Risk Management
Wealth Planning
Client Experience Branding
Client Solutions Advisory
Decision Making
Presentation Skills
Process Management
Attention to Detail
Critical Thinking
Financial Analysis
Planning
Prospecting

Nice To Haves

Additional Legal, Paralegal and/or JD a plus, not required
Fiduciary Education and Training (desired)

Responsibilities

Responsible for the professional administration of fiduciary accounts including compliance with all regulations, policies and procedures
Responsible for understanding the client’s situation and circumstances, including knowing the clients extended family and younger generation. Develops and deliverers solutions to meet client needs
Possesses technical fiduciary knowledge in the areas of law, tax, fiduciary investing, regulation, compliance as well as estate planning. Successfully works with centers of influence and the professional community to develop a network of external referral partners
As the key associate on specific relationships, works with teammates to deliver our full array of integrated solutions, as appropriate
Promotes the full breadth of our fiduciary platform (fiduciary, tax, special assets, estate settlement, both internally and externally to grow our fiduciary business and actively participates in the sales process.
Collaborates with team members to consistently deliver on Bank of America’s Private Bank value proposition.