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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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.

Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I 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:

Pay Transparency details

US - CT - Hartford - 185 ASYLUM ST - CITY PLACE 1 (CT2500)Pay and benefits informationPay range$164,100.00 - $273,300.00 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.