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Settlement Officer II (SO II) - Trust Settlement Services (TSS)

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Bank of America


2mo ago

đź’Ľ Graduate Job

Atlanta +2

⌛ Closed
Applications are closed

Graduate Job

Accounting & Tax•Atlanta, Dallas, Hartford


  • 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!


  • BS/BA degree or equivalent work experience; JD preferred
  • Professional designation in paralegal studies and prior trust, estate, and/or tax experience preferred
  • Strong communication and organizational skills
  • Ability to work in a fast-paced environment where multi-tasking and prioritization is a necessity
  • Works well as an individual contributor and member of a team
  • Proficient use of Microsoft Office
  • Ability to learn and apply new technology and systems

Education requirements


Area of Responsibilities

Accounting & Tax


  • The Settlement Officer is accountable for facilitating, managing, and settling trust terminations that require expertise and knowledge of fiduciary rules and regulations in a fast-paced, high-volume environment.
  • The Settlement Officer assigns tasks to Specialized Fiduciary Administrators, monitors progress and approves completed work. Responsible for coaching, developing, and mentoring administrators and junior level officers within the Trust Settlement team.
  • Works closely while simultaneously building and maintaining relationships with internal business partners including but not limited to: Client Team, Office of the Chief Fiduciary, Administrative Resource Team (ART), Audit, Compliance, Fiduciary Tax Services, Specialty Asset Management (SAM), Trust Operations, Fiduciary Tax Services (Tax), Portfolio Managers, etc., as well as external parties (Attorneys, CPAs, and Fiduciary Accountants).
  • Monitors the settlement process and task completion to ensure accurate, timely and efficient administration, and to proactively manage business risk.
  • Maintains high quality communications with beneficiaries and internal partners, with a primary focus on timely execution and client satisfaction.
  • Ability to proactively identify and resolve issues.
  • Acts as a technical resource to colleagues within and outside of Trust Settlement team.
  • May be called upon to handle tasks delegated by Trust Settlement Manager or Director.


Work type

Full time

Work mode



Atlanta, Dallas, Hartford