Bank of America Corporation
Location
Newport Beach, CA | United States
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 Summary:
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.
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, performing a legal, risk or fiduciary line of business function
* 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
* Demonstrates superior judgment and reasoned decision making in exercising discretion upon taking into consideration totality of facts and circumstances
* Knows when appropriate to escalate a matter to his/her direct manager
Education Requirements or Certifications:
* Attorney licensed to practice law in at least one U.S. Jurisdiction, with familiarity with the Uniform Trust Code, California, Washington and/or Oregon state law(s) and federal tax laws applicable to trusts/estates.
Shift:
1st shift (United States of America)Hours Per Week:
40Job tags
Salary
