Bank of America Custody Specialist II in Boston, Massachusetts

Job Description:

Business Overview:

U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage.

Responsible for custody relationship fulfillment and day-to-day account administration utilizing technical experience and knowledge. Responsible for coordinating with internal and external partners (3rd Party Investment Managers, Family Offices, CPAs, etc.) to ensure accurate, timely and efficient administration and to manage risk. Works closely with local relationship teams, risk management and compliance for adherence to all legal, regulatory, compliance, banking guidelines, procedures and delegated authorities. Partners with client service managers to provide a consistent client experience. Will involve responsibility for coaching, developing and mentoring junior custody associates. Is directly accountable for handling larger more complex custody relationships, requiring a high degree of technical expertise and knowledge.

Required skills:

  • Minimum of 2 plus years’ experience in the trust, investment or brokerage industry, preferable in client administration

  • Experience in working with entity governing documents (trusts, LLC’s, LP’s, etc.) & client account documents beneficial

  • Securities experience beneficial

  • Excellent interpersonal and technical skills

  • Demonstrated oral, written and presentation skills

  • Values the establishment and nurturing of long term client relationships

  • Ability to work in a fast-paced, mutli-task environment with minimum supervision while demonstrating teamwork and delivering client satisfaction.

  • Proficient in Word & Excel

  • BA/BS degree highly preferred OR equivalent work experience

Posting Date : 05/17/2018

Location :

Boston, MA, 225 FRANKLIN ST (MA1225),

  • United States

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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