Trust Senior Associate - Private Bank
At Bank of America, we are committed to providing exceptional service and strategic financial solutions to our clients. As a Trust Senior Associate for our Private Bank division, you will play a critical role in managing the trust and estate needs of our high net worth clients. This is a unique opportunity to join a team of dedicated professionals who are passionate about helping our clients achieve their financial goals. To excel in this role, you must have a strong understanding of trust and estate planning, excellent communication skills, and a commitment to delivering top-notch client service. If you are a driven and detail-oriented professional with a desire to make a meaningful impact, we want to hear from you.
- Serve as a subject matter expert on trust and estate planning for high net worth clients.
- Manage a portfolio of trust and estate accounts, ensuring timely and accurate execution of client requests.
- Proactively identify and address any potential issues or concerns related to trust and estate accounts.
- Collaborate with internal teams, such as investment advisors and tax professionals, to provide comprehensive financial solutions for clients.
- Maintain strong relationships with clients and act as a primary point of contact for all trust and estate-related inquiries.
- Monitor and stay up-to-date on industry trends and regulations related to trust and estate planning.
- Conduct regular reviews and analysis of trust and estate accounts to ensure compliance and identify opportunities for improvement.
- Assist in the development and implementation of new trust and estate products and services.
- Provide guidance and training to junior team members, promoting a culture of continuous learning and development.
- Uphold the bank's commitment to exceptional client service by consistently delivering professional and personalized support to clients.
- Adhere to all legal and regulatory requirements, as well as internal policies and procedures.
- Represent the bank in a professional and ethical manner at all times.
- Actively participate in team meetings and contribute to the overall success of the Private Bank division.
- Continuously seek opportunities to improve processes and procedures to enhance the overall client experience.
- Maintain confidentiality and discretion when handling sensitive client information.
Extensive Experience In Trust And Wealth Management: The Ideal Candidate Should Have At Least 5-7 Years Of Experience In Trust And Wealth Management, With A Strong Understanding Of Fiduciary Principles And Regulations.
Strong Knowledge Of Private Banking Products And Services: The Trust Senior Associate Should Have A Deep Understanding Of The Private Banking Industry, Including Various Investment Vehicles, Estate Planning Techniques, And Tax Strategies.
Excellent Communication And Interpersonal Skills: As A Senior Associate, The Candidate Will Be Expected To Communicate Effectively With High Net Worth Clients, As Well As Collaborate With A Team Of Colleagues And Advisors.
Proven Track Record Of Building And Maintaining Client Relationships: The Trust Senior Associate Should Have A Track Record Of Successfully Developing And Maintaining Long-Term Relationships With High Net Worth Clients, Generating New Business, And Retaining Existing Clients.
Relevant Education And Certifications: A Bachelor's Degree In Finance, Accounting, Or A Related Field Is Typically Required For This Role. Additionally, Candidates With Relevant Certifications Such As Certified Financial Planner (Cfp) Or Certified Trust And Financial Advisor (Ctfa) Will Be Preferred.
Financial Analysis
Communication Skills
Relationship Management
Client Service
Compliance Knowledge
Investment Strategy
Portfolio Management
Risk assessment
wealth management
Asset allocation
Estate Planning
Tax Planning
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Trust Senior Associate - Private Bank is $100,000 to $175,000 per year. However, this can vary depending on factors such as location, experience, and specific employer. Some individuals in this role may earn significantly more or less than this range. It is best to research specific job listings and negotiate salary based on individual qualifications and the specific job responsibilities and requirements.
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Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.
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