- Work with clients, their attorneys and other professionaladvisors includingco-trustees, investmentadvisors, accountants,distribution advisors, and protectors to understand the comprehensive estate plan. Facilitate a collaborative team approach to provide superior client service.
- Respond to requests frombeneficiaries includingrequest for discretionarydistributions. Obtainsupporting documents such as tax returns andbudgets. Preparediscretionary distributionrequest outliningthe dispositive provisions and otherrelevant languagein the trust agreement and make recommendations regarding how the Trust Company should exercise discretionary powers pursuant to the terms of the governing instrument. Confer with co-trustee (if any) to obtain his/herapproval. Communicate thedecision to client.
- Minimize account risk by analyzing trust documents and performing annual account reviews for compliance with trust provisions, state and federal regulations, and trust policy andprocedure adherence. Utilizerisk management tools, such as the overdraft report, daily transactionreport, etc.
- Communicate withinvestment advisors, portfolio managers,and financial advisors regardinginvestment matters and liquidity needs.
- Work with the Account Opening Group to open trust accounts. Interpret the governing instrument to ensure the proper set-up of account records, including payments, fee schedules and tax records. Communicate with beneficiaries and co-trustees to outline administrative procedures.
- Must have detailed knowledge of how trusts function and are administered. Prior experience administering Delaware Directed Irrevocable Trusts is preferred.
- Need to be detail-oriented and be able to manage multiple priorities and projects. The trust officer should have excellent time management and organizational skills. Since the trust officer will interact with clients and their advisors, the trust officer should also have very strong communication and interpersonal skills.
- Must be able to effectively coordinate with the Bank's Tax Team, various fund managers, and the clients' personal tax preparers to ensure information is shared with the appropriate parties for timely completion of the applicable tax returns.
- Eager to contribute ideas to continuously improve systems and processes to ensure we can deliver the best possible service for our clients.
- Willing to mentor junior associates to help with their growth and development.
- Adhere to the Bank's core values of delivering together, acting responsibly, realizing the power of our people, and trusting the team.
- 7 plus years of trust experience
- Bachelor's degree required or equivalent experience, CTFA or JD preferred.
- Account Management
- Analytical Thinking
- Attention to Detail
- Client Management
- Customer and Client Focus
- Active Listening
- Collaboration
- Critical Thinking
- Prioritization
- Relationship Building
- Mentoring
- Oral Communications
- Organizational Effectiveness
- Problem Solving
- Written Communications
-
Trust Officer
2 weeks ago
WSFS Bank Greenville, United StatesJob Description At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive · Careers with WSFS Bank offer an inclusive and supportive culture, competitive sala ...
-
Trust Officer
1 week ago
WSFS Bank Wilmington, United StatesJob Description · At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive sa ...
-
Delaware Senior Trust Officer
2 days ago
Bank of America Corporation Wilmington, United StatesJob 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. ...
-
Delaware Senior Trust Officer
3 weeks ago
National Black MBA Association Wilmington, United StatesJob 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. ...
-
Delaware Trust Administrative Officer I
5 days ago
Bank of America Wilmington, United States Full timeDescription · : 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. · ...
-
Delaware Senior Trust Officer
1 day ago
The Bank of America Corporation Wilmington, United StatesAt 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 Trust, Officer, Senior, Financ ...
-
Delaware Trust Administrative Officer II
1 week ago
Bank of America Wilmington, United States Full timeDescription · : 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. · ...
-
Senior Trust Officer
3 weeks ago
Citizens New Castle, United StatesThe Senior Trust Officer (STO) is responsible for advising high net worth clients on their trust and estate administration needs and administering trust accounts for Clarfeld Citizens Private Wealth (CCPW). They lead the day-to-day management and administration of trust accounts, ...
-
Delaware Trust Administrative Officer I
1 week ago
Bank of America Wilmington, United StatesDelaware Trust Administrative Officer I · Wilmington, Delaware · **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 ...
-
Associate Trust Officer
4 weeks ago
Rockefeller Capital Management Wilmington, United StatesAbout Rockefeller Capital Management: · Rockefeller Capital Management is a leading independent financial advisory firm - providing wealth management, asset management, and strategic advisory services to ultra · - and high-net-worth individuals, families, businesses, and institut ...
-
Corporate Trust Middle Office Group Manager
4 weeks ago
WSFS Bank Wilmington, DE, United StatesJob Description At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive · Careers with WSFS Bank offer an inclusive and supportive culture, competitive sal ...
-
Delaware Senior Trust Officer
3 weeks ago
Bank of America Wilmington, United StatesDelaware Senior Trust Officer · Wilmington, Delaware · **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 ou ...
-
Delaware Senior Trust Officer
3 weeks ago
National Black MBA Association Wilmington, United StatesJob 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 ...
-
Delaware Senior Trust Officer
2 weeks ago
Bank of America Wilmington, United StatesDelaware Senior Trust Officer page is loaded · Delaware Senior Trust Officer · Apply · locations · Wilmington · time type · Full time · posted on · Posted 2 Days Ago · job requisition id · Job Description: · At Bank of America, we are guided by a common purpose to help ...
-
Corporate Trust Middle Office Group Manager
2 days ago
WSFS Bank Wilmington, DE, United StatesJob Description At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive · Careers with WSFS Bank offer an inclusive and supportive culture, competitive sal ...
-
Trust Officer
3 weeks ago
Wells Fargo Philadelphia, United StatesRead, interpret and apply trust document language to specific situations; making frequent distributions of cash or assets. Conduct comprehensive reviews of account activity and terms of all types of accounts following Wells Fargo policies/procedures. Officer, Specialist, Trust, B ...
-
Senior Trust Officer
4 weeks ago
Citizens New Castle, United States· The Senior Trust Officer (STO) is responsible for advising high net worth clients on their trust and estate administration needs and administering trust accounts for Clarfeld Citizens Private Wealth (CCPW). They lead the day-to-day management and administration of trust accoun ...
-
Senior Trust Officer
3 weeks ago
Citizens Bank Philadelphia, United States Full timeSenior Trust Officer - Delaware Trust · Wealth and Asset Management · Wilmington, Delaware; Philadelphia, Pennsylvania · ...
-
Delaware Trust Administrative Officer I
3 weeks ago
Bank of America Wilmington, United StatesDelaware Trust Administrative Officer I · Wilmington, Delaware · **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 deli ...
-
Delaware Trust Administrative Officer I
1 month ago
Bank of America Wilmington, United States OTHERJob 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. ...
Delaware Senior Trust Officer - Wilmington, United States - Bank of America
Description
Delaware Senior Trust OfficerWilmington, Delaware
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 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.
Job Description:
The Delaware Senior Trust Officer (Delaware STO) maintains a trust book and is a seasoned Trust Officer providing Delaware Trust Law expertise to the national markets.
Delaware STO works closely with national Private Bank teams and ML fiduciary advisors to achieve strategic objectives of PWM markets overall.
The Delaware STO's primary responsibilities are the administration of the Delaware IM&T book, as well as, working with the client teams to facilitate Delaware Trust Book growth.
The Delaware STO will have a complex book of business and will be expected to deepen his or her relationships through estate and financial planning.
The Delaware STO works with the PCA/Client Team or ML financial advisors and/or national MTE, MTTL or TTL to assure trust product awareness and education of clients and Private Bank associates in national markets.
Responsible for the Delaware STO book's management of fiduciary risks and trust policy adherence. Able to mentor more junior associates. Well-respected internally and externally (e.g. COI) with proven ability to partner effectively.Key Responsibilities:
Desired Qualifications:
Skills:
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws.
The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE ) .To view the "EEO is the Law" Supplement, CLICK HERE \_EEO\_Supplement\_Final\_JRF\_QA\) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse.
Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America's Drug-free workplace and alcohol policy, CLICK HERE .