15 hours

U.S. Trust Philanthropic Fiduciary Executive

Bank of America
Chicago, IL
  • Job Code
Company Bank of America

Job Title U.S. Trust Philanthropic Fiduciary Executive

Jobid bankofamerica-17041965ChicagoIL

Location: Chicago, IL, 60664, USA

Description **Job Description:**

The PhilanthropicFiduciary Executive(PFE) is responsible for ensuring theintegrity of client service and administrative support offered to philanthropic clients in alignment with U.S. Trust’sfiduciary risk framework. The PFE maintainsresponsibility for adherence to the risk framework, helping define our risk tolerance, setting broad and specific risk objectives for client teams and monitoring progress against risk objectives while achieving efficiency and risk goals. The PFE will also serve as the point of escalation for Philanthropic Fiduciary Managers (PFMs) looking to remediate risk-related issues and will maintain oversight for the overall risk profile of the business and resolution of fiduciary risk-related account issues, SIAIs, etc. The PFE drives and contributes on a range of strategic initiatives concentrated on improving our service delivery quality and efficiency, within our overall risk framework (e.g. establishing segmented client service support and delivery models). In addition, the PFE will seek to identify best practices to helpdriveservice quality andefficiency whilemaintaining adherence to our risk model.

**Major Responsibilities**

•Ensure all philanthropic accounts are managed within the fiduciary risk framework, including compliance with all regulations, policies and procedures•Execution of strategic direction of business function activities•Key contact and liaison with UST Risk, Compliance and OCF•Point of escalation and oversightfor the management and resolution of fiduciary risk relatedaccount issues•Lead key projects and initiatives relatedto philanthropic account management, client delivery, and risk/compliance•Carry out complex initiatives involving multiple disciplines and/or ambiguous issues•Oversight of development and implementation of fiduciary best practices.

**Key Skills & Competencies**

•Institutional and/or private philanthropic industry and sector expertise

•Significant knowledge of the legal, tax, investment and compliance aspects of philanthropic andfiduciaryadministration•Exceptionalability to execute on strategic initiatives with demonstrated success as leader, driver and partner models•Proactively manages problems and issues•Strong negotiating, organization and problem solving skills•Displays a balanced, cross-functional perspective to improve efficiency, effectiveness and productivity•Comprehensive knowledge of UST platform capabilities•Influencer – drive collaboration among key team members•Communicates with presence; listens effectively to demonstrate understanding, and communicates with clarity and conviction to influence thinking•Solution oriented with a bias toward action.

**Desired Qualifications**

•12+ years of successful experience in managing philanthropic relationships with nonprofit and/or high net worth clients (or equivalent)•Strong knowledge of fiduciary standards, principles, and applicable laws and regulations•Seasoned multi-disciplinary expert with extensive technical and/or business knowledge and functional expertise•Proven track record of delivering solutions through analytical problem solving

**Posting Date** : 06/12/2017

**Location** :

Los Angeles, CA, 515 S Flower St (CA9512),

East Hartford, CT, 99 Founders PLZ (CT2547),

Jacksonville, FL, Downtown Jacksonville Office, 50 N Laura St,

Chicago, IL, 135 S LA SALLE ST (IL4135),


Providence, RI, 100 WESTMINSTER ST (RI1536),


Seattle, WA, FIFTH AVENUE PLAZA, 800 5TH Ave,

- United States

**Travel** : Yes, 15% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

Share this job:

U.S. Trust Philanthropic Fiduciary Executive

Bank of America
Chicago, IL

Share this job

U.S. Trust Philanthropic Fiduciary Executive

Bank of America
Chicago, IL

Separate email addresses with commas

Enter valid email address for sender.

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast