About this role
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Specialized Fiduciary Officer I (SFO I), IRA, Private Bank, Atlanta, GA -
Accountable for managing the IRA RC AOP WIP and complex situations that require a high level of technical expertise and knowledge. Reviews and approves AOP WIP submissions, monitors progress and handles the approval for new accounts. Responsible for coordinating information and activities with external business partners (Attorneys, CPAs, and Fiduciary Accountants, third party vendors, etc.), and with internal support partners (FA’s, Sales, Tax, Compliance, SAM, ART, Operations, Technology Groups and Trust Administration, etc.) to ensure accurate, timely and efficient administration, and to manage business risk. May act as a technical resource within the larger group and / or with field based officers. BS/BA is required. Non-licensed associate. Note: This is a senior Trusteed IRA administration position and 5+ years of IRA, retirement, and/or trust experience is preferred.
Responsibilities:
• Supports improvements to the bank's ability to manage, control, and mitigate fiduciary risk • Supports administrative reviews of IRA and trust accounts to drive consistency in approach and results • Supports activities that ensure accounts are in line with the fiduciary standard by complying with policies and industry regulations • Supports mitigating fiduciary risks, while addressing client issues and concerns
The qualified candidate will possess prior 2-3 minimum of Private Bank specific, Trust and IRA experience required.
Skills:
• Attention to Detail • Customer and Client Focus • Relationship Building • Risk Management • Administrative Services • Issue Management • Prioritization • Problem Solving • Account Management • Active Listening • Client Management • Process Simplification • Referral Identification
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent For internal employees: participation in a work from home posture does not make you eligible to post.
Shift: 1st shift (United States of America)
Hours Per Week: 40