1 day old
2018-04-172018-05-17

Wealth Administrator

Bank of Hawaii
Oahu, HI
  • Job Code
    152986

Wealth Administrator-1800282
Description

Does this sound like you?

Are you ambitious?  Want to make a difference in people’s lives?  Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver?   If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader – Bank of Hawaii.  Here you can be at the forefront of whatever you do. Welcome to your tomorrow!

 

A day in your life as a Wealth Administrator

Under the direction of the Team Leader/Wealth Advisor, this position is responsible for the administration of IRA accounts where the bank is trustee or custodian and for investment agency accounts.  Provides relationship management skills, advice and guidance in the area of Individual Retirement Account (IRA) administration, including Traditional, Roth and SEP IRAs.  Provides a high level of customer service to clients, financial advisors and beneficiaries.  Administers accounts in a manner that ensures compliance with Internal Revenue Code and business line policies and procedures.  Shares responsibility for soliciting, developing, managing and retaining client relationships for Personal Trust.  If applicable or appropriate, assists in business unit’s compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act. 

 

We’ll give you these important responsibilities…

  • Supports Wealth Advisor in the administration of IRA and agency accounts, adhering to regulatory and compliance requirements, policies and procedures and ensuring that the objectives of the grantor/principal are met and are consistent with governing documents, policies and procedures and fiduciary administration principles.
  • Handles processing of requests or issues brought by grantors, beneficiaries and others including distributions and retirement account funding.  Monitors and controls risk in all aspects of account administration including Internal Revenue Code requirements and timeframe restrictions as they relate to IRAs, including required minimum distributions, discretionary distributions, 72(t) distributions, terminating accounts, account conversions, combining of accounts, rollovers/transfers, accurate tax coding and reporting for 1099 and 5498 reporting, avoiding/resolving prohibited transactions as defined by Internal Revenue Code. Also entails completing required investment and administration reviews and solving identified issues within a timely manner.
  • Provides support to the Wealth Advisor in retention, growth and profitability of assigned client relationships. Comprehends breadth of wealth management products and services.  Calls clients to establish, maintain and expand relationships, including the sales of IRA, agency, trust, investment deposit, credit, and related services and focuses on retention and deepening relationships. 
  • Provides service and support for Wealth Advisor and overall Team as a unit to meet servicing and sales objectives such as calling activities and pipeline management. Schedules appointments for Wealth Advisors utilizing Outlook.  Handles all client contacts and calls proficiently and effectively.  Integrates job responsibilities within bank and trust to maintain the highest level of client service to meet Bank of Hawaii’s standards.
  • Keeps current on all Individual Retirement Account business trends and changes in law affecting IRA administration.  Participates in Continuing Education classes/seminars/telephone briefings.
  • Complies with all Bank policies and procedures, the Bank of Hawaii Code of Business Conduct & Ethics and all Fair Banking, Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements.  Participates in required corporate and business line training in these areas.
  • Follows account opening procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position.
  • Performs all other miscellaneous responsibilities and duties as assigned.

Qualifications

…if you come to us with these qualifications…

Education: 

  • Bachelor’s degree from an accredited institution or equivalent work experience.

 

Experience:

  • Minimum 3 - 4 years of work experience in the retirement, investment or financial services field. 
  • Extensive knowledge of general retirement and investment products and services including, but not limited to retirement plans, trust and investment products and services.

 

Technical Skills: 

  • Demonstrated proficiency with personal computers and Microsoft applications (Outlook, Word, Excel, and PowerPoint) or similar software.
  • Knowledge of or ability to use Bank software and systems.

 

Other Job Qualifications: 

  • Uses initiative to work in unstructured high pressure work environment with minimal or no supervision. 
  • Adapts quickly and can willingly embrace change. 
  • Possesses excellent verbal and written communication skills. 

 

 

Bank of Hawaii

In 1897, Bank of Hawaii was the first chartered and incorporated bank in the Republic of Hawaii. We’ve been here from territorial days, growing and changing with Hawaii. Today, we are the largest independent bank in Hawaii – a result of knowing our business and community, and always staying ahead of change.  We are constantly finding creative ways to deliver leading edge financial services to our customers.  Now, we’re embracing change with our new 21st century banking.

 

It’s our people who help us succeed in offering first class service and products to our customers.  As a member of the Bank of Hawaii community, you will be among the very best in your profession in an environment that places a high value on integrity, innovation and teamwork.  People who are agile, savvy, forward-thinking and entrepreneurial can learn and grow with us.

 

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of any legally protected classification including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status.  Bank of Hawaii takes affirmative action in support of its policy to advance in employment legally recognized individuals including minorities, women, protected veterans and individuals with disabilities.

 

Job Function Investments
Primary Location Hawaii-Oahu
Schedule Full-time
Job Posting Apr 12, 2018, 2:50:26 PM
Unposting Date Ongoing

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Wealth Administrator

Bank of Hawaii
Oahu, HI

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Oahu, hi

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