Bank Of America Spec Fiduciary Officer - Private Bank 

United States, New York, New York 

447271628

Job Description:

Job Description:

Accountable for preparing required Administrative Review questionnaires for all types of agency accounts, including Investment Management and Investment Advisory accounts as well as IRA accounts for both Private Bank and Merrill Lynch Trust. Work with the Trust Officer assigned to the account if administrative issues are identified as the ARQ is completed. Ability to read governing documents and apply the provisions thereof to the administrative review of each account to ensure the proper administration is being applied.

Responsibilities:

• Provides Trusteed Individual Retirement Account (TIRA) administrative support to client facing Trust Officers and Administrators to ensure accurate and efficient delivery of IRA account level services.
• Coordinates information and activities with all external and internal support business partners, as needed.
• May be accountable for managing mid-level situations that require a certain level of retirement technical expertise and Private Bank systems knowledge.
• May delegate tasks to the Specialized Fiduciary Administrators, monitors progress and approves completed work.
• Responsible for routine administrative duties, such as performing TIRA account maintenance, TIRA account opening processes, and TIRA money movement and tax related transactions.
• May be asked to participate in projects, prepare reports and conduct research.
• May act as a point of contact for clients and internal/external partners and as a backup for Specialized Fiduciary Officers.
• Expected to demonstrate basic leadership qualities, be flexible, and be a team player.
• The SFO I is supervised and supported by a team.

Qualifications

• Acute attention to detail and ability to multi-task in fast-paced environment.

• Must be able to work well under pressure and exercise sound judgment.

• Must have excellent written and verbal communication skills.

• Highly motivated, self-starter and possesses the ability to work independently

• BS/BA degree or equivalent experience; licensing not required.

• 2-4 years of individual retirement account or Private Bank administrative or trust experience preferred

• Bank of America Private Bank and/or Merrill Lynch systems experience a plus

• Risk Management

• Relationship Building

• Attention to Detail

• Customer and Client Focus

• Issue Management

• Administrative Services

• Prioritization

• Problem Solving

• Account Management

• Client Management

• Referral Identification

• Process Simplification

• Active Listening

High School Diploma / GED / Secondary School or equivalent

1st shift (United States of America)