Bank of America Trust Admin Officer II - ML in Los Angeles, California
U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.
U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage.
The Trust Administrative Officer (TAO) will assist the Senior Trust Officer and Trust Officer in all phases of account/relationship administration. The TAO will also assist in the handling of inquires, either directly or as a research resource, Financial Advisors (FAs), clients or clients’ outside advisors.
It is recognized that candidates may not have specific trust experience and/or familiarity with the company’s risk parameters and policies and procedures. Applicants who are detailed oriented, can work independently and have a willingness to learn the required skills for this role are viable candidates. Strong verbal and written communication skills are critical for this role, as it requires significant telephone and written interaction with clients, their Financial Advisors and intermediaries. Over time, as the TAO gains proficiency and develops relationships with clients, FAs and internal business partners, (s)he would independently oversee/facilitate client requests, projects and ongoing processes.
Knowledge of basic trust concepts and vehicles.
Awareness of basic fiduciary and tax laws, fiduciary investment strategies and practice and procedures for their area of responsibility.
Awareness of risk parameters and the ability to apply them to situations.
Knowledge of policy & procedures.
Professional communication practices.
Qualifications and Education Requirements
• 1+ 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
• Bachelor’s Degree required.
•Additional Legal, Paralegal and/or JD a plus
•Fiduciary Education and Training is desired
Posting Date : 02/23/2018
Los Angeles, CA, 515 S Flower St (CA9512),
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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