Regional Fiduciary Advisor; RFA
Position: Regional Fiduciary Advisor (RFA)
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 an 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Regional Fiduciary Advisor (RFA), Private Banking
This job is responsible for reviewing and approving potential trustee appointments. Key responsibilities include exercising sound judgment and employing fiduciary expertise and creativity in the independent assessment of trust opportunities to responsibly grow the Bank's trust business. Job expectations include creating and managing bank resources to support fiduciary business, such as suggested language for trusts and wills; guiding and training internal bank partners;
and assisting in setting, drafting, and implementing fiduciary policies to ensure regulatory and legal compliance.
Responsibilities
• Provides fiduciary expertise and creativity in the independent assessment of trust business
• Creates and maintain tools to manage the fiduciary business
• Drafts and implement fiduciary policies across lines of business
• Ensures regulatory and legal compliance with appropriate laws, rules and regulations
• Assists with training on fiduciary issues
Desired Qualifications
In depth knowledge of the following areas: general fiduciary law and principles, trust, and wealth transfer techniques, and federal and state laws/regulations pertaining to fiduciaries.
5+ years’ experience as a practicing Trusts & Estates lawyer in private practice and/or employed by a Bank, Private Wealth Management firm or Trust Company performing a legal, risk or fiduciary line of business function. Experience working with trust officers/fiduciary specialists and making fiduciary related risk-reward decisions. Demonstrated ability to intelligently and persuasively articulate positions and influence decision makers and management on all levels as well as COIs and other external partners.
Technical expertise in areas of fiduciary, planning, tax, regulatory, legal and compliance. Strong ability to work in partnership with other functions/roles, including Legal and Risk. Keen awareness of when to elevate matters to Legal and/or management. Attorney licensed to practice law in at least one U.S. jurisdiction (strongly preferred) and BA/BS (four year undergraduate degree).
Skills
• Attention to Detail
• Critical Thinking
• Decision Making
• Influence
• Written Communications
• Collaboration
• Customer and Client Focus
• Executive Presence
• Negotiation
• Oral Communications
• Adaptability
• Analytical Thinking
• Innovative Thinking
• Prioritization
• Problem Solving
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
For internal employees: participation in a work from home posture does not make you eligible to post.
Shift: 1st shift (United States of America)
Hours Per Week: 40
Pay Transparency details US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MN - Wayzata - 315 LAKE ST E (MN9315) Pay and benefits information Pay range $ - $ 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.
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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 an 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Regional Fiduciary Advisor (RFA), Private Banking
This job is responsible for reviewing and approving potential trustee appointments. Key responsibilities include exercising sound judgment and employing fiduciary expertise and creativity in the independent assessment of trust opportunities to responsibly grow the Bank's trust business. Job expectations include creating and managing bank resources to support fiduciary business, such as suggested language for trusts and wills; guiding and training internal bank partners;
and assisting in setting, drafting, and implementing fiduciary policies to ensure regulatory and legal compliance.
Responsibilities
• Provides fiduciary expertise and creativity in the independent assessment of trust business
• Creates and maintain tools to manage the fiduciary business
• Drafts and implement fiduciary policies across lines of business
• Ensures regulatory and legal compliance with appropriate laws, rules and regulations
• Assists with training on fiduciary issues
Desired Qualifications
In depth knowledge of the following areas: general fiduciary law and principles, trust, and wealth transfer techniques, and federal and state laws/regulations pertaining to fiduciaries.
5+ years’ experience as a practicing Trusts & Estates lawyer in private practice and/or employed by a Bank, Private Wealth Management firm or Trust Company performing a legal, risk or fiduciary line of business function. Experience working with trust officers/fiduciary specialists and making fiduciary related risk-reward decisions. Demonstrated ability to intelligently and persuasively articulate positions and influence decision makers and management on all levels as well as COIs and other external partners.
Technical expertise in areas of fiduciary, planning, tax, regulatory, legal and compliance. Strong ability to work in partnership with other functions/roles, including Legal and Risk. Keen awareness of when to elevate matters to Legal and/or management. Attorney licensed to practice law in at least one U.S. jurisdiction (strongly preferred) and BA/BS (four year undergraduate degree).
Skills
• Attention to Detail
• Critical Thinking
• Decision Making
• Influence
• Written Communications
• Collaboration
• Customer and Client Focus
• Executive Presence
• Negotiation
• Oral Communications
• Adaptability
• Analytical Thinking
• Innovative Thinking
• Prioritization
• Problem Solving
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
For internal employees: participation in a work from home posture does not make you eligible to post.
Shift: 1st shift (United States of America)
Hours Per Week: 40
Pay Transparency details US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MN - Wayzata - 315 LAKE ST E (MN9315) Pay and benefits information Pay range $ - $ 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.
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Apply tot his job
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