Regional Fiduciary Officer in Wilmington, DE
Job title: Regional Fiduciary Officer in Wilmington, DE at Bank of America
Company: Bank of America
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:
Primary responsibility for providing advice, guidance and training to Private Bank account teams and centralized units on technical fiduciary issues in support of sales efforts and administration processes across a fiduciary book of accounts within BANA's risk profile. Assist account officers with exercise of fiduciary discretion and review of new business opportunities. Responsible for providing early intervention on fiduciary problems and risk matters. Serves as primary resource for comprehensive fiduciary and technical advice relating to the administration of Private Bank fiduciary accounts. 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.Desired Qualifications:
5+ years’ experience as a practicing Trusts & Estates lawyer in private practice and/or time employed by a Bank, Private Wealth Management firm or Trust Company
performing a legal, risk or fiduciary line of business function, strong understanding of Delaware directed trusts preferred
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
Understanding of when to escalate matters
Skills:
Advisory
Critical Thinking
Decision Making
Interpret Relevant Laws, Rules, and Regulations
Problem Solving
Collaboration
Customer and Client Focus
Executive Presence
Policies, Procedures, and Guidelines
Relationship Building
Adaptability
Attention to Detail
Coaching
Prioritization
Written Communications
Minimum Education Requirement:High School Diploma / GED / Secondary School or equivalentEducation Requirements or Certifications:Desired Education and Designations:B.A. or B.S. (four-year undergraduate degree) and J.D. degreeAttorney licensed to practice law in at least one U.S. jurisdiction.Shift: 1st shift (United States of America)Hours Per Week: 40
Expected salary:
Location: Wilmington, DE
Job date: Wed, 16 Apr 2025 05:35:12 GMT
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Company: Bank of America
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:
Primary responsibility for providing advice, guidance and training to Private Bank account teams and centralized units on technical fiduciary issues in support of sales efforts and administration processes across a fiduciary book of accounts within BANA's risk profile. Assist account officers with exercise of fiduciary discretion and review of new business opportunities. Responsible for providing early intervention on fiduciary problems and risk matters. Serves as primary resource for comprehensive fiduciary and technical advice relating to the administration of Private Bank fiduciary accounts. 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.Desired Qualifications:
5+ years’ experience as a practicing Trusts & Estates lawyer in private practice and/or time employed by a Bank, Private Wealth Management firm or Trust Company
performing a legal, risk or fiduciary line of business function, strong understanding of Delaware directed trusts preferred
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
Understanding of when to escalate matters
Skills:
Advisory
Critical Thinking
Decision Making
Interpret Relevant Laws, Rules, and Regulations
Problem Solving
Collaboration
Customer and Client Focus
Executive Presence
Policies, Procedures, and Guidelines
Relationship Building
Adaptability
Attention to Detail
Coaching
Prioritization
Written Communications
Minimum Education Requirement:High School Diploma / GED / Secondary School or equivalentEducation Requirements or Certifications:Desired Education and Designations:B.A. or B.S. (four-year undergraduate degree) and J.D. degreeAttorney licensed to practice law in at least one U.S. jurisdiction.Shift: 1st shift (United States of America)Hours Per Week: 40
Expected salary:
Location: Wilmington, DE
Job date: Wed, 16 Apr 2025 05:35:12 GMT
Apply for the job now!
Apply Now