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Senior Trust Officer

Newport Beach, California

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Job Description:

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

This job is responsible for managing a book of fiduciary and investment management accounts for high-net-worth clients and beneficiaries involving multi-generational families. Key responsibilities include overseeing the administration and business development of complex investment management and trust accounts and working with team members to assure trust product awareness and education of clients, associates, and Centers of Influence. Job expectations include working with teams to drive business development and retention, assisting clients with wealth planning needs, and managing risk.

Responsibilities:

+ Provides fiduciary administration support including the review of trust instruments, participating in matters where the trustee is exercising discretion, managing risk, and conducting periodic trust reviews

+ Supports investment management accounts including the coordination of opening and closing accounts, money movement, and account maintenance

+ Engages with clients and prospects to build and transfer wealth tailored to their unique goals, while delivering a high-quality experience

+ Ensures compliance with regulatory and legal requirements related to client accounts and portfolios

+ Identifies and develops new business opportunities by pursuing new or expanded relationships with existing clients and prospects

Required Qualifications:

+ Minimum of five years of trust administration and estate planning experience

+ Technical expertise in the areas of trust administration, fiduciary law, and estate and wealth transfer planning

+ Knowledge of and adherence to compliance with policies, procedures, regulatory, and legal requirements related to client accounts and portfolios

+ Ability to identify and develop new business opportunities by pursuing new or expanded relationships with existing clients and prospects

+ Demonstrates initiative and a proactive approach to problem solving

+ Creative though prudent approach to providing solutions within the bank’s risk/reward profile

+ Proven ability to confidently close sales and meet or exceed revenue targets

+ Has good people/partner communication skills and is a team player

+ Displays a high level of savvy and sophistication regarding high-net-worth clients’ concerns / issues

+ Ability to communicate and connect with high-net-worth clients

Desired Qualifications** **:

+ Fiduciary professional with CTFA, CFP, AEP, JD, and/or CPA

+ Bachelor’s Degree or equivalent business experience in High-Net-Worth Trust environment

Skills:

+ Risk Management

+ Business Development

+ Client Management

+ Wealth Planning

+ Customer and Client Focus

+ Client Experience Branding

+ Client Solutions Advisory

+ Process Management

+ Decision Making

+ Presentation Skills

+ Prospecting

+ Financial Analysis

+ Attention to Detail

+ Critical Thinking

+ Planning

**Minimum Education Requirement:** High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.