Senior Trust Officer

Company: Disability Solutions
Location: Dallas
Posted on: October 26, 2024

Job Description:

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:The Senior Trust Officer (STO) maintains a trust book and is a seasoned Trust Officer in the market. STO works closely with local Private Bank teams to achieve strategic objectives of PWM market overall. The STOs primary responsibility is the administration and business development of the IM&T book. The STO will have a complex book of business and will be expected to deepen his or her relationships through estate and financial planning. STO leads, and is accountable for, trust product sales and working with MTE, MTTL or TTL to assure trust product awareness and education of clients and Private Bank associates in market. Responsible for the STO books management of fiduciary risks and trust policy adherence. Well-respected internally and externally with proven ability to partner effectively.

• Partner with PCAs to drive business development / close new Trust business in prospecting activities
• 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 Bank of America's Private Bank 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 retentionRequirements:
  • Bachelor's Degree and a minimum of 5 years of trust administration and estate planning experience, preferred.
  • Fiduciary professional with CTFA, CFP, AEP, JD, or CPA (or 6 months away from obtaining certification), preferred.Key attributes / competencies:
    • Technical expertise in the areas of trust administration, fiduciary law, and estate and wealth transfer planning
    • Initiative/proactive approach to problem solving
    • Creative though prudent approach to providing solutions within Bank's risk/reward profile
    • Ability / drive to "ask for the order" to close sales
    • Good people/partner communication skills / team player
    • Knowledge of policies, procedures, regulatory requirements
    • High level of savvy and sophistication re: high net worth clients' concerns / issues
    • Ability to communicate and connect with high net worth clientsSkills:
      • 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
      • ProspectingShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Plano , Senior Trust Officer, Other , Dallas, Texas