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Private Client Advisor II

at Bank of America Corporation

Posted: 7/5/2019
Job Status: Full Time
Job Reference #: 19034499-1
Keywords: advisor

Job Description

Job Description:

Business Overview:
U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.
U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage.
 

Role Overview:

  • Client team lead with primary responsibility for new client acquisition, deepening client relationships and building an internal and external network to achieve business development goals
  • Leads client team members and partners with other internal specialists to provide clients access to the full array of U.S. Trust capabilities and services, as required to meet their specific needs
  • Reports to the Market Executive
     

Job Description:
Senior level associate who provides advice to clients with complex financial needs. A PCA focuses on sales to new and existing High Net Worth (HNW) clients. PCAs generally will have an in depth knowledge of one or two of the following areas: investments, credit, banking, trust and wealth transfer and a general understanding of the other areas. Using this knowledge, a PCA will help facilitate the integrated delivery of our services for investments, credit, fiduciary and other banking services. This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.
 

Key Responsibilities:

  • Act as trusted advisor to, and advocate for, clients and prospects; provide integrated recommendations that encompass multiple products and services as needed
  • Develop in-depth understanding of clients needs, preferences and overall wealth; be responsive to changes in the business environment or client needs
  • Effectively manage a book of relationships and act as relationship lead accountable for the clients experience
  • Leverage specialists, service officers and other expert resources to ensure the integrated delivery of investment, fiduciary, credit and banking solutions
  • Build relationships with internal and external sales referral partners
  • Lead the Client Management Process (CMP) within client team to identify new business development opportunities
  • Motivate and influence client team members appropriately; collaborate in their onboarding, coaching and development
  • Meet Risk & Compliance requirements and policies


Required skills:

  • 12+ years of private banking or complex financial services experience OR minimal equivalent of a bachelors degree
  • Responsible for driving new business development for target client segment ($3MM++ investable assets)
  • Present to clients a holistic approach, leveraging the entire US Trust platform
  • A high touch, client-focused individual with exceptional interpersonal skills
  • A leader who recognizes opportunities for client engagement and proactively acts upon them for the betterment of the client
  • Ability to influence; proactively asks for and closes business
  • Solutions oriented; sales and financial aptitude a must
  • Must be a skilled negotiator
  • Ability to work and identify the need for team specialists; collaborate closely with other team members
  • Takes on a leadership role on the team and within the business community
  • Series 7, 63 and 65 (or Series 7 and 66) required (may
  • gain licenses after start - unlicensed candidates may be considered if willing to obtain licenses within a 120 days of start date)

Desired skills:

  • MBA or Post-Graduate Degree preferred
  • CFP, CPA, CFA, CTFA, CFM or JD a significant plus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

At Bank of America, we’re creating real, meaningful relationships with individuals, businesses and communities to help them focus on what matters most. Every day, we connect with 57 million customers, using our skills and expertise to help make their lives better.

We are committed to attracting and retaining top talent around the world to ensure we continue to deliver together for our customers, clients and communities. Along with taking care of our customers, we want to be a great place for people to work, and we strive to create an environment where all employees have the opportunity to achieve their goals.

Partnering Locally
Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact
Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Diversity and Inclusion
Each employee brings unique skills, background and opinions. We see diversity and inclusion as our platform for innovation and a key component in our success.

Our Values
Learn about our four values that represent what we believe.

Pay Transparency:

http://careers.bankofamerica.com/global/pay-transparency.aspx

Privacy Statement:

https://www.bankofamerica.com/privacy/overview.go



Posted 30+ Days Ago

Full time

19034499