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Wealth Advisor - IRA

Bank of Hawaii

Oahu, HI
Job Code:
Bank of Hawaii
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Job Details

Wealth Advisor - IRA-1700587

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.


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.  In addition, this position is responsible for conducting sales and relationship management activities utilizing the Excellence in Sales/Service (ESS) disciplines and behaviors.


We’ll give you these important responsibilities…

  • Responsible for the administration and adherence to regulatory and compliance requirements, policies and procedures related to IRA and investment agency accounts.  Works closely with Wealth Advisors and Administrators to ensure that all accounts assigned are administered according to policies, procedures and governing documents.  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.  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.
  • Provides expert financial advice and counsel to clients and prospective clients.  Able to present alternative solutions for a variety of complex business 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 as a unit 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.
  • Performs all other miscellaneous responsibilities and duties as assigned.



…if you come to us with these qualifications…


  • College degree from an accredited educational institution or equivalent business experience.



  • Must have a minimum of 3-4 years of IRA and Investment Agency management experience.


Technical Skills: 

  • Requires extensive knowledge of Wealth Management products and services, and expert knowledge of IRA and investment agency accounts. 
  • Proficiency with personal computers and Microsoft applications (Outlook, Word, Excel and Power Point) or similar software.


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. 


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 Jul 12, 2017, 11:02:59 AM
Unposting Date Ongoing
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