Specialized Fiduciary Officer II , Life Insurance Trust (LIT)

Charlotte, North Carolina;Dallas, Texas; Atlanta, Georgia

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!

Specialized Fiduciary Officer II, Life Insurance Trust (LIT), Private Bank -

This job is responsible for ensuring that all documents are properly completed and comply with the bank's internal policy guidelines and industry regulations. Key responsibilities include improving the bank's ability to manage, control, and mitigate fiduciary risk and working closely with team members to drive consistency in approach and results. Job expectations include administering trust accounts and having knowledge of fiduciary laws, regulations, standards of management, and internal fiduciary policies and procedures.

The primary focus of this role is life insurance trust and policy administration.

Responsibilities :

• Serves as technical expert for the team, sharing knowledge of fiduciary laws, regulations, standards of management, and internal fiduciary policies and procedures

• Completes administrative reviews of trust accounts to drive consistency in approach and results

• Administers and ensures accounts are in line with the fiduciary standard by complying with internal policy and industry regulations

• Manages, controls, and mitigates fiduciary risks, while addressing client issues and concerns

• Interprets life insurance illustrations and projections as part of the annual policy review process.

Skills :

• Attention to Detail

• Customer and Client Focus

• Problem Solving

• Relationship Building

• Risk Management

• Account Management

• Administrative Services

• Client Management

• Issue Management

• Active Listening

• Candidate Screening

• Prioritization

• Process Simplification

• Referral Identification

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

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 (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

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 .