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Wealth Advisor - IRA

Bank of Hawaii
Oahu, HI
  • Job Code

Wealth Advisor - IRA-1800426

Does this sound like you?
Do you enjoy learning?  Do you thrive in an environment that leverages your abilities as a relationship-builder, good listener, and problem-solver?  Are you a self-starter, comfortable with the complexities that come with offering banking solutions?  If you love challenges, relish complexity, and are solutions-oriented, consider applying your unique talents with a Hawaii banking leader – Bank of Hawaii.  You will work with internal partners and external clients to ensure the right products and services are offered at the right time. Welcome to your tomorrow!


A day in your life as a Wealth Advisor
Under the direction of the Team Leader, this position will be responsible for the efficient administration of IRA/Agency accounts where the bank is acting as trustee, custodian or agent. Provides excellent relationship management skills, advice and guidance in the area of Individual Retirement Account (IRA) administration including Traditional, Roth and SEP IRAs.  Provides administration of accounts in a manner that ensures compliance with all applicable regulations, policies, and procedures and works directly with the assigned relationship manager to help build and strengthen client relationships.  Administers accounts in a manner that ensures compliance with Internal Revenue Codes and business line policies and procedures. 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…

  • Responsible for the administration and adherence to regulatory and compliance requirements, policies and procedures relating to IRA and investment agency accounts.  Works closely with Wealth Advisors and Administrators to ensure that all assigned accounts are administered according to policies, procedures and governing documents.  Monitors and controls risk in all aspects of account administration including Internal Revenue Code (“Code”)requirements and timing 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 Forms 1099 and 5498, avoiding/resolving prohibited transactions under the Code.  Also completes required investment and administration reviews and solves identified issues in a timely manner. 
    Provides expert financial advice and counsel to clients and prospective clients.  Able to present alternative solutions for a variety of complex situations.  Analyzes economic and industry market trends to identify potential business opportunities and high-risk situations. Partners with Wealth Management product specialists as needed to provide counsel and expert advice in all areas of Wealth Management.  Provides proactive service and support for Wealth Advisor and overall Team to meet servicing and sales objectives such as calling activities and pipeline management.  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.
  • Responsible for retention, growth and profitability of assigned client relationships and develops new Wealth Management relationships with prospective clients utilizing their demonstrated mastery of the Comprehensive Wealth Management concepts.  Works with internal partners to generate referrals and leads that lead to new business or expand existing business. Responsible for retention, development, and growth of relationships.
  • Ensures compliance with the Bank of Hawaii Code of Ethics and all Fair Banking, Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies, and procedures.  Participates in any required corporate and business line training in these areas.  Follows account opening procedures and internal suspicious activity referral requirements and processes.  Works with customers to understand each customer’s normal account activity.  Keeps current on all Individual Retirement Account business trends and changes in laws affecting IRA administration.   Actively participates in Continuing Education classes/seminars/telephone briefings.
  • Performs all other miscellaneous responsibilities and duties as assigned.




…if you come to us with these qualifications…


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



  • Requires extensive knowledge of Wealth Management products and services, and expert knowledge of IRA and investment agency accounts.
  • Minimum 3 - 4 years of IRA and Investment Agency management or equivalent work experience.


Technical Skills:   

  • Demonstrated proficiency with personal computers in a networked environment 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. 
  • Must be analytical, detail oriented and organized.
  • Able to work flexible hours including holidays, weekends and evenings as needed or assigned.

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. At Bank of Hawaii, we think of ourselves as forward thinking pace setters. We are constantly finding creative ways to deliver leading edge financial products and services to our customers.  Now more than ever, we’re focused on the needs of our customers and providing solutions they need.


It’s our sales team who helps us succeed in providing solutions to retail customers, as well as large and small businesses in Hawaii.  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 Jun 1, 2018, 9:49:51 AM
Unposting Date Ongoing


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Wealth Advisor - IRA

Bank of Hawaii
Oahu, HI

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Oahu, hi

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