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 a diverse and 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.
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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:
- A minimum of 10 years of investment decision making and financial consulting experience working with high net worth clients and ultra-high net worth clients.
- This individual will have held positions of increasing responsibility with an established and prestigious financial services firm, most likely in a wealth management, private banking and/or trust field.
- Knowledge of fiduciary and financial products and services required through extensive related work experience.
- Broad-based technical knowledge of investments, tax, legal and operations necessary to service clients.
- Knowledge of fiduciary standards, principles and applicable laws and regulations usually acquired through training, seminars or law school.
- Skills and experience in negotiating, delegating, leadership, superior client service and relationship management skills required.
Desired Qualifications:
- Undergraduate degree in Finance, Accounting, Economics or equivalent financial services/business experience preferred as well as hold appropriate credentials such as CPA, CFP and or CFA designation.
- A graduate degree such as MBA or JD preferred
- The ideal candidate will bring an appropriate mix of financial services expertise, management and business development experience
Skills:
- Business Development
- Client Management
- Customer and Client Focus
- Risk Management
- Wealth Planning
- Client Experience Branding
- Client Solutions Advisory
- Decision Making
- Presentation Skills
- Process Management
- Attention to Detail
- Critical Thinking
- Financial Analysis
- Planning
- Prospecting
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - CT - West Hartford - 29 S MAIN ST (CT2110)
Pay and benefits information
Pay range
$95,200.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.