Regional Fiduciary Officer

Company: Disability Solutions
Location: Providence
Posted on: October 13, 2024

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
• 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 mattersSkills:
  • 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 CommunicationsMinimum 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. degree.Attorney licensed to practice law in at least one U.S. jurisdiction; familiarity with the Uniform Trust Code and general fiduciary laws and principles.Shift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - RI - Providence - 1 Financial Plaza (RI1537)Pay and benefits informationPay range$130,000.00 - $201,700.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.

Keywords: Disability Solutions, Cambridge , Regional Fiduciary Officer, Other , Providence, Massachusetts