30 days old

Trust Senior Associate (Houston, TX)

Houston, TX 77007
Trust Senior Associate (Houston, TX)



Houston, Texas



**Job Description:**



**Business Overview**



Bank of America Private Bank, 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. The Private Bank 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. The Private Bank employs more than 4,100 professionals and maintains 135 offices in 33 states.



**Summary of Position** :



The Trust Senior Associate (TSA) is a specialist role that has primary responsibility for assisting the Senior Trust Officer and Trust Officer in all phases of trust account/relationship servicing, fulfillment and/or administration. TSAs are trust product experts who act as an additional point of contact for clients and/or as a backup for client-facing Trust Officers.



The TSA will coordinate the internal delivery of trust services through the appropriate channels within the Fiduciary Services and/or Trust Operations groups. Additionally, TSAs will seek out new business opportunities from existing books of business and assist other service associates as needed.



**Responsibilities** :



+ In addition to the ability to deliver generalist support, part of the Client Team actively supporting 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

+ Support initial review of IPS process

+ 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

+ Proactivity 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 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



**Job Band:**



H6



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**Job Description:**



**Business Overview**



Bank of America Private Bank, 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. The Private Bank 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. The Private Bank employs more than 4,100 professionals and maintains 135 offices in 33 states.



**Summary of Position** :



The Trust Senior Associate (TSA) is a specialist role that has primary responsibility for assisting the Senior Trust Officer and Trust Officer in all phases of trust account/relationship servicing, fulfillment and/or administration. TSAs are trust product experts who act as an additional point of contact for clients and/or as a backup for client-facing Trust Officers.



The TSA will coordinate the internal delivery of trust services through the appropriate channels within the Fiduciary Services and/or Trust Operations groups. Additionally, TSAs will seek out new business opportunities from existing books of business and assist other service associates as needed.



**Responsibilities** :



+ In addition to the ability to deliver generalist support, part of the Client Team actively supporting 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

+ Support initial review of IPS process

+ 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

+ Proactivity 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 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



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-22033731



Band: H6



Manages People: No



Travel: No



Manager:



Talent Acquisition Contact:



Ciji Jones



Referral Bonus:



0



Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.




To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .


To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .



Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.




To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Industry

  • Banking / Finance
Posted: 2022-04-22 Expires: 2022-06-04

Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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Trust Senior Associate (Houston, TX)

Bank of America
Houston, TX 77007

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