Bank Of America Private Bank Associate - Investments & Trust 

United States, California, San Francisco 

226694844

Job Description:

Job Summary:

The Private Bank Associate (PBA) is a generalist position that has primary responsibility for supporting all client needs including discussions and/or activities. PBAs monitor and execute all tasks required to fulfill the client service plan and meet day-to-day inquiries from the client.The PBA manages the execution of client service activities such as initiating and monitoring account opening and asset transfers, handling client inquiries, and coordinating with specialists and service centers to deliver an integrated service to the client.

Job Description:

• Actively support Client Teams in delivering consistently high-quality banking credit, trust, fiduciary, and/or investment services to Private Bank clients

• Works with Trust Officer(s), responsible for managing a book of fiduciary/trust relationships, to meet client needs and expectations

• Performs servicing and account maintenance activities, which are primarily trust/fiduciary-related that include PACE/Trust Web accounting transactions, deposits/transfers, etc.

• Responsible for providing administrative and analytical support to Portfolio Manager(s)

• Provide support for completing activities such as investment action plans, new account reviews, and other proactive account Reg. 9 reviews

• Support fulfillment of clients’ needs and expectations across all products and serve as a “triage” point for specialists and service centers including but not limited to account setup, monitoring and maintenance (overdrafts, fraudulent activities, etc.), wire processing, business and credit card applications, foreign currency orders, credit and lending

• Coordinate with specialists including Trust, Family Office, Investments and Custody officers as well as centralized service centers to deliver an integrated service to the client and identify and resolve issues in an effective and timely manner

• 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

• Interact with client to complete necessary transactions (e.g., deposits, money movement, transfers, etc.) & account maintenance

• Manage and execute client transactions with respect to business and individual Bank, credit, and investment products (may be performed by service center at PBA’s request based on transaction type). Ensure transactions are completed within audit and compliance standards as well as timely execution.

• Participate in Client Management Process (CMP) activities including supporting delivering a branded client experience and meaningful interactions

• Develop referrals for credit and Bank products

• Support Client Team in all sales support and administrative functions as needed including pipeline reporting, marketing and business development, client/prospect presentations, expenses, printing, faxing, calendar & email management, client events, communication and travel & entertainment reservations

• Ensure adherence to all internal policies and compliance to legal and regulatory requirements including client verification

Qualifications

• Minimum of 1-3 years of experience with a financial institution focusing on client service and sales

• Ability to successfully complete assessment of critical skills

• BS/BA degree in Business, Finance or Economics desired

• Ability to obtain and maintain SAFE Act registration

Skills:

• Account Management

• Attention to Detail

• Collaboration

• Recording/Organizing Information

• Written Communications

• Active Listening

• Adaptability

• Customer and Client Focus

• Issue Management

• Prioritization

• Critical Thinking

• Customer Experience Improvement

• Decision Making

High School Diploma / GED / Secondary School or equivalent

1st shift (United States of America)