We Can't Spell but We Can Advise You on Trusts

Do you bank with BOA-ML? Have they hit you up for a trust (and other ITWS products and services)? Before you sign on the dotted line, you may want to take a second opinion. Take a look at their recruitment ad for the Singapore office below.

They have a HR department that doesn't spell check. Wonder how many typos your trust documentation might have?

For an adviser on "estate planning and wealth structuring", "assisting in executing trust documentation", "providing training sessions", "knowledge of relevant legislation", etc............................

"legal training is not a must"!

Great! Admire them for breaking down the barriers to entry. Why let something like knowledge stand in the way of a successful career? I'm not saying you need to be a qualified lawyer, but if you're not trained in some area of law, be it Company Law or Revenue/Tax Law, Family Law, Securities Law, Insurance law or other financial reg's, then it's a crap-shoot as to whether you can competently advise on matters of law. After all, "estates" and "trusts" are animals that exist only in law. Then again, many qualified lawyers know shite about trusts.


The Ad: http://careers.bankofamerica.com/JobDetails.aspx?SearchPage=ASP&CountryId=199&JobId=SGP00800&stateid=&cityid=&travel=&jfamily=Wealth%20&%20Investment%20Management&lang=&fullpart=&shift=&datepost=&keywords=advisor&jobareas=&feedname=BOAFeedAsia&BOAFeedName=&jobfamilyid=-1&internationalcity=All%20cities&LocationID=18

Up to VP, Trust Advisor, Global Wealth Investmet Management
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.
Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States , serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009 , Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.



Responsibilities

· Advising international clients and prospects with regards to their estate planning and wealth structuring needs through the appropriate use of ITWS products and services - including travel to local country markets

· Marketing ITWS services to FA's and OMT maintaining strong communication with the field, including travel to branch offices to meet with the sales management teams and FAs

· Supporting the FA in the initial stages of the marketing of the trust services

· Assisting FAs and CSA/Os in executing trust documentation - liasing with the TAU in the IOM and/or Spore

· Keeping record of meetings and conversations with clients and prospects by prompt and thorough completion of contact reports

· Providing training sessions based on pre-established training modules for new CSA/Os and new hire FAs.

· Discussing amendments sought by existing trust clients with the FAs and the trust administration staff in the Isle of Man and/or Singapore

· Liaising with third party professional advisors (e.g. lawyer, property manager, accountant, etc.)

· Monitoring competitor activity in the market



Requirements

· 5 - 7 years of relevant working experience
· Possesses extensive industry knowledge

· Demonstrates integrity and teamwork

· Strong drive for results

· Client Focus

· Knowledge of relevant legislation and economics environments in the banking and securities industries

· Frontline experience in sales and marketing is essential

· Excellent linguistic and computer skills.

· Pleasant personality and good interpersonal skills

· Responsible, detailed oriented and self-motivated.

· Initiative and self-confident

· Strong organization and communication skills

· Ability to work under pressure and multi-task

· Excellent team player

· Entrepreneurial

· Hardworking

· Legal training is not a must