Senior Trust Associate, Private Bank

Bank of America

. Assist trust officers with all phases of trust relationship servicing and administration .

Posted 9/23/2026full-timeUnited StatesSenior💰 $31 - $44 per hourWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in trust relationship servicing and administration, with a strong focus on client interaction, compliance with regulatory requirements, and effective communication. Proficient in managing financial operations, including cash monitoring and tax reporting.

Highest-signal resume keywords

Trust Support ExperienceClient-Facing ExperienceRegulatory ComplianceAttention to DetailStrong Verbal and Written Communication Skills

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Trust AdministrationTax ReportingInvestment Policy Statement ReviewClient Relationship ManagementFinancial OperationsResearch and ReportingAccount MaintenanceCash ManagementKnow Your Client ProceduresDiscretionary Action Forms Preparation

Soft Skills

Attention to DetailAdaptabilityCollaborationCritical ThinkingProblem Solving

Certifications & Qualifications

High School DiplomaGEDBachelor’s Degree Preferred

Industry Keywords

Fiduciary SolutionsPrivate BankingFinancial ServicesClient TeamsRisk Framework

About the role

Key responsibilities & impact

Assist trust officers with all phases of trust relationship servicing and administration
Interact with Merrill Advisors, client teams, clients, and clients’ outside advisors
Coordinate internal delivery of trust services through Fiduciary Solutions and/or Trust Operations groups
Prepare meeting materials and update family trees
Research client and Advisor inquiries and support timely responses
Facilitate tax reporting by researching cost basis, obtaining outstanding tax documents, and furnishing tax documents to clients and tax preparers
Monitor cash balances, remediate overdrafts, and address excess cash holdings
Review prior-day activity reports
Raise cash
Review and update Investment Policy Statements
Prepare Discretionary Action Forms and review supporting documentation
Update account coding following changed circumstances or periodic account reviews
Prepare fee acknowledgements
Manage Deceased Client Notification process and action items
Maintain accounts, including interested-party records
Conduct Know Your Client refreshes
Monitor RMD status for IRAs and private foundations
Support ad-hoc administrative and strategic projects
Prepare reports and conduct research
Adhere to Private Bank and Enterprise risk framework and regulatory and legal requirements

Requirements

What you’ll need

Minimum two (2) years experience in a client-facing or financial services operations role
Trust support experience strongly preferred
Detailed oriented
Ability to work independently
Willingness to learn required skills
Strong verbal and written communication skills
Active Listening
Adaptability
Attention to Detail
Emotional Intelligence
Prioritization
Collaboration
Critical Thinking
Decision Making
Oral Communications
Written Communications
Drives Engagement
Innovative Thinking
Mentoring
Networking
Problem Solving
High School Diploma / GED / Secondary School or equivalent required
Bachelor’s degree preferred
Compliance with regulatory and legal requirements

Benefits

Comp & perks

Affordable, competitive and flexible benefits
Support for physical, emotional, and financial wellness
Opportunities to learn, grow, and make an impact
Paid time off
Resources and support to employees
Eligibility to participate in the annual discretionary plan
Annual discretionary award based on individual performance, line of business/group performance, and overall company success