Market Trust Executive

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. 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! Job Description: This job is responsible for overseeing the expansion of fiduciary business for high net worth clients and serves as the market's Chief Fiduciary Officer. Key responsibilities include driving business development planning, retention and expansion of existing business, as well as risk and compliance oversight of fiduciary policy rules and regulations. Job expectations include partnering closely with the Market Executive to drive strategic growth priorities. Responsibilities: Oversees all fiduciary administration efforts for the market Oversees investment management accounts including the coordination of opening and closing accounts, money movement, and account maintenance Ensures all fiduciary standards and Private Bank/regulatory compliance and risk policies are understood, align with our risk framework, and consistently applied within the market Monitors fiduciary risk metrics and ensure timely, accurate completion of all administrative reviews, control partner requests, and data remediation Executes against Private Bank strategy, key national fiduciary initiatives, and priorities tailored to local market dynamic and competitor footprint Oversees and builds new business opportunities by pursuing new or expanded relationships with existing clients and prospects Managerial Responsibilities: This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above. Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals. Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations. Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success. Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization. People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance. Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability. Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs. Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage. Skills: Account Management Business Acumen Client Management Decision Making Risk Management Coaching Customer and Client Focus Inclusive Leadership Problem Solving Strategic Thinking Employee Counseling Performance Management Planning Relationship Building Talent Development Shift: 1st shift (United States of America) Hours Per Week: 40