Bank of America Trust Admin Officer II - ML in NEW YORK, New York

Job Description:

Business Overview

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. U.S. Trust employs more than 4,100 professionals and maintains 135 offices in 33 states.

Job Description

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.

Technical Knowledge

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.

Required Skills

Demonstrated ability to function as a team player.

Ability to effectively organize daily account management requirements.

College degree required

Enterprise Job Description:

The Trust Administrative Officer II (TAO) will assist the Senior Trust Officer and Trust Officer in all phases of account/relationship administration. The TAO will coordinate the internal delivery of services through the appropriate channels within the Fiduciary Services Group and/or Trust Operations to include, but not limited to account funding, processes involved in account opening and funding, account review, transfer of information as it relates to account closings, ensuring that recurring remittances are processed in a timely fashion and that client bills are paid promptly. The TAO will also provide a high level of service to Merrill Lynch advisors and clients, assisting in the handling of inquiries, either directly or as a research resource, from Trust Specialists, Financial Advisors, clients or client's outside advisors.

Posting Date : 10/18/2018

Location :


  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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