Trust Operations Specialist
5 days ago
**Job Title:** Trust Senior Associate
We are seeking a highly skilled and experienced Trust Senior Associate to join our team at Bank of America. As a Trust Senior Associate, you will play a critical role in delivering exceptional client service and support to our high net worth clients.
Key Responsibilities:
- Support Senior Trust Officers and Trust Officers to meet clients' trust needs and expectations
- Serve as an additional point of contact to clients and/or as backup for the Trust Officers
- Initiate and monitor client onboarding, including account opening and asset transfer; handle client inquiries related to the on-boarding process; KYC refresh and ongoing requests, digital engagement and fulfillment
- Responsible for complex party maintenance, administrative review (IM&T), transaction processing and management, money movement (trust), specialized fiduciary transactions, discretionary and action matters, UPIA, equitable adjustments, and 65-day tax account pay service provider generation skipping tax – processing asset transfer - complex administrative duties as required
- Perform servicing, fulfillment, and account maintenance activities, which are primarily trust/fiduciary-related that include PACE/trust web accounting transactions, deposits/transfers, etc.
- Leverage experience and deep expertise, especially with the most complex administrative trust needs, to manage and/or execute client transactions
- Proactively identify deepening opportunities while performing existing responsibilities and engaging in meaningful interactions
- Coordinate with Client Teams and partner to deliver an integrated service to the client and identify and resolve issues in an effective and timely manner
- Participate in Client Management Process (CMP) activities, including supporting delivering a branded client experience and meaningful interactions
- Ensure adherence to all internal policies and compliance to legal and regulatory requirements
Qualifications:
- Minimum of 4-5 years of experience with a financial institution focusing on high net worth client service and sales
- Ability to successfully complete assessment of critical skills
- BS/BA degree in Business, Finance, Economics, or Law desired
- Ability to obtain and maintain SAFE Act registration
Salary Range:
$80,000 - $110,000 per year, depending on experience and qualifications.
Benefits:
The successful candidate will be offered a competitive salary, comprehensive benefits package, and opportunities for professional growth and development within a dynamic and respected organization.
Location:
This role is based in the United States and requires regular working hours, Monday through Friday.
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