Bank of America Trust Officer II - ML in Pennington, New Jersey

Job Description:

U.S. Trust provides comprehensive wealth management solutions to wealthy and ultra-wealthy clients with investable assets of $3 million or more. In addition, U.S. Trust provides resources and customized solutions to help meet clients’ needs in wealth structuring, investment management, trust and banking services as well as specialty asset management services (oil and gas, farm and ranch land, timberland, real estate and privately held businesses). Clients also benefit from access to resources available through the corporation including capital markets products, large and complex financing solutions, and its extensive banking platform.

An Industry Leader

  • Largest private bank in the United States1

  • One of the nation’s oldest trust companies

  • One of the largest corporate trustees for individuals, families and private foundations

  • Ranks among the nation’s largest corporate fiduciary managers of oil and gas properties

Client-Centric Approach

U.S. Trust, Bank of America Private Wealth Management delivers deep, robust, and personal relationships through:

  • A client-centric, wealth-structuring-based approach flexibly tailored to the specific needs of clients

  • A dedicated team of skilled specialists led by high-quality advisors

  • A consistent, distinctive client experience

  • Innovative and appropriately customized solutions

  • A high level of personalized service

Capabilities:

Wealth Structuring

  • Financial planning

  • Tax consulting

  • Trust and estate planning; fiduciary services

  • Philanthropic advisory

  • Specialty asset management

Investment Management

  • Investment strategy

  • Investment management: traditional proprietary, select external managers, quantitative strategies, capital markets, alternative investments

Banking and Credit

  • Custom credit solutions

  • Liquidity: personal and business banking products

  • Transactions: services (e.g. cards, bill pay), physical network and ATM access

Specialized Client Solutions

  • Multi-family office for individuals and families with substantial wealth and complex needs

  • Education and family governance

The Role :

The Trust Officer is an experienced, well-rounded fiduciary professional who will partner with Financial Advisors in closing new business and provide advisory consultation to clients.

  • Proactively identify and harvest opportunities to deepen relationships within current client base

  • Meet with key clients periodically to maintain relationships and identify issues / new business opportunities, and provide trust, estate, and wealth transfer planning advice

  • Proactively engage other specialists within US Trust to best meet client needs (wealth strategists, Office of Chief Fiduciary, etc.)

  • Proactively identify and resolve client issues

  • Engage in high level trust administration; oversee all administration activities

  • Document interpretation

  • Oversee risk management activities

  • Identify at risk clients; proactively resolve issues / meet with at-risk clients as needed to drive retention

Requirements :

Undergraduate degree is highly desired OR 4 plus years of Trust Admin experience for a wealth management financial organization.

Minimum of 4 plus years of Trust Administration and estate planning experience.

  • Highly preferred, Fiduciary professional with CTFA, CFP, AEP, JD, or CPA

Posting Date : 04/11/2018

Location :

Pennington, NJ, HOPEWELL BLDG. 3, 1300 AMERICAN BLVD,

  • United States

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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Diversity & Inclusion

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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