Bank of America · 1 week ago
Delaware Trust Officer II (DE TO II)
Wilmington, DE
Full-time
Onsite
Senior Level
5+ years expBank of America is committed to helping make financial lives better through every connection. The Delaware Trust Officer II is responsible for the administration of Investment Management and Trust accounts, ensuring compliance with fiduciary duties and managing a trust book while collaborating with various teams to achieve strategic objectives.
Asset ManagementBankingFinanceFinancial ServicesFinTech
Responsibilities
Work with clients, their attorneys and other professional advisors including co-trustees, investment advisors, accountants, distribution advisors, and protectors to understand the comprehensive estate plan. Facilitate a collaborative team approach to provide superior client service
Respond to requests from beneficiaries including request for discretionary distributions. Obtain supporting documents such as tax returns and budgets. Prepare discretionary distribution request outlining the dispositive provisions and other relevant language in the trust agreement and make recommendations regarding how the Trust Company should exercise discretionary powers pursuant to the terms of the governing instrument. Confer with co-trustee (if any) to obtain his/her approval. Communicate the decision to client
Minimize account risk by analyzing trust documents and performing annual account reviews for compliance with trust provisions, state and federal regulations, and trust policy and procedure adherence. Utilize risk management tools, such as the overdraft report, daily transaction report, etc
Communicate with investment advisors, portfolio managers, and financial advisors regarding investment matters and liquidity needs
Work with the Account Opening Group to open trust accounts. Interpret the governing instrument to ensure the proper set-up of account records, including payments, fee schedules and tax records. Communicate with beneficiaries and co-trustees to outline administrative procedures
Must have detailed knowledge of how trusts function and are administered. Prior experience administering Delaware Directed Irrevocable Trusts is preferred
Need to be detail-oriented and be able to manage multiple priorities and projects. The trust officer should have excellent time management and organizational skills. Since the trust officer will interact with clients and their advisors, the trust officer should also have very strong communication and interpersonal skills
Must be able to effectively coordinate with the Bank’s Tax Team, various fund managers, and the clients’ personal tax preparers to ensure information is shared with the appropriate parties for timely completion of the applicable tax returns
Eager to contribute ideas to continuously improve systems and processes to ensure we can deliver the best possible service for our clients
Willing to mentor junior associates to help with their growth and development
Adhere to the Bank’s core values of delivering together, acting responsibly, realizing the power of our people, and trusting the team
Qualification
Required
5 or more years of successful experience in trust administration, servicing and managing fiduciary relationships with high-net-worth clients (or equivalent)
Technically proficient in fiduciary law, tax investments and administration
Bachelor's degree or equivalent experience strongly preferred
CTFA or JD preferred
Must have detailed knowledge of how trusts function and are administered
Need to be detail-oriented and be able to manage multiple priorities and projects
Excellent time management and organizational skills
Very strong communication and interpersonal skills
Must be able to effectively coordinate with the Bank's Tax Team, various fund managers, and the clients' personal tax preparers
Eager to contribute ideas to continuously improve systems and processes
Willing to mentor junior associates to help with their growth and development
Adhere to the Bank's core values of delivering together, acting responsibly, realizing the power of our people, and trusting the team
Preferred
Prior experience administering Delaware Directed Irrevocable Trusts
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
10001+ employees
H1B Sponsorship
Bank of America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (780)
2024 (546)
2023 (590)
2022 (759)
2021 (715)
2020 (931)
Funding
Current Stage
Public CompanyTotal Funding
$3.59BKey Investors
Berkshire Hathaway
2025-02-20Post Ipo Debt· $386.79M
2024-11-26Post Ipo Debt· $2B
2020-07-28Post Ipo Equity· $400M
Leadership Team
Charissa Messer
Senior Vice President, Creative Agency Executive (Enterprise Creative Solutions)
Rami Salem
SVP Strategic Competitive Intelligence
Recent News
2026-01-17
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