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Private Client Advisor II

Company: Bank of America
Location: Greenwich
Posted on: November 16, 2021

Job Description:

Job Description:Business OverviewPrivate Bank, 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. Private Bank 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 OverviewClient team lead with primary responsibility for new client acquisition, deepening client relationships and building an internal and external network to achieve business development goalsLeads client team members and partners with other internal specialists to provide clients access to the full array of Private Bank capabilities and services, as required to meet their specific needsReports to the Market Executive Job DescriptionSenior 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 your immediate termination. Key Responsibilities:Act as trusted advisor to, and advocate for, clients and prospects; provide integrated recommendations that encompass multiple products and services as neededDevelop in-depth understanding of clients' needs, preferences and overall wealth; be responsive to changes in the business environment or client needsEffectively manage a book of relationships and act as relationship lead accountable for the client's experienceLeverage specialists, service officers and other expert resources to ensure the integrated delivery of investment, fiduciary, credit and banking solutionsBuild relationships with internal and external sales referral partnersLead the Client Management Process (CMP) within client team to identify new business development opportunitiesMotivate and influence client team members appropriately; collaborate in their onboarding, coaching and developmentMeet Risk & Compliance requirements and policies Required skills12+ years of private banking or complex financial services experience OR minimal equivalent of a bachelor's degreeResponsible for driving new business development for target client segment ($3MM++ investable assets)Present to clients a holistic approach, leveraging the entire Private Bank platformA high touch, client-focused individual with exceptional interpersonal skillsA leader who recognizes opportunities for client engagement and proactively acts upon them for the betterment of the clientAbility to influence; proactively asks for and closes businessSolutions oriented; sales and financial aptitude a mustMust be a skilled negotiatorAbility to work and identify the need for team specialists; collaborate closely with other team membersTakes on a leadership role on the team and within the business communitySeries 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 skillsMBA or Post-Graduate Degree preferredCFP, CPA, CFA, CTFA, CFM or JD a significant plusJob Band:H4Shift:-- -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 --> Job Description:Business OverviewPrivate Bank, 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. Private Bank 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 OverviewClient team lead with primary responsibility for new client acquisition, deepening client relationships and building an internal and external network to achieve business development goalsLeads client team members and partners with other internal specialists to provide clients access to the full array of Private Bank capabilities and services, as required to meet their specific needsReports to the Market Executive Job DescriptionSenior 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 your immediate termination. Key Responsibilities:Act as trusted advisor to, and advocate for, clients and prospects; provide integrated recommendations that encompass multiple products and services as neededDevelop in-depth understanding of clients' needs, preferences and overall wealth; be responsive to changes in the business environment or client needsEffectively manage a book of relationships and act as relationship lead accountable for the client's experienceLeverage specialists, service officers and other expert resources to ensure the integrated delivery of investment, fiduciary, credit and banking solutionsBuild relationships with internal and external sales referral partnersLead the Client Management Process (CMP) within client team to identify new business development opportunitiesMotivate and influence client team members appropriately; collaborate in their onboarding, coaching and developmentMeet Risk & Compliance requirements and policies Required skills12+ years of private banking or complex financial services experience OR minimal equivalent of a bachelor's degreeResponsible for driving new business development for target client segment ($3MM++ investable assets)Present to clients a holistic approach, leveraging the entire Private Bank platformA high touch, client-focused individual with exceptional interpersonal skillsA leader who recognizes opportunities for client engagement and proactively acts upon them for the betterment of the clientAbility to influence; proactively asks for and closes businessSolutions oriented; sales and financial aptitude a mustMust be a skilled negotiatorAbility to work and identify the need for team specialists; collaborate closely with other team membersTakes on a leadership role on the team and within the business communitySeries 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 skillsMBA or Post-Graduate Degree preferredCFP, CPA, CFA, CTFA, CFM or JD a significant plusJob Band:H4Shift:-- -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 Job Description: Business OverviewPrivate Bank, 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. Private Bank 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 OverviewClient team lead with primary responsibility for new client acquisition, deepening client relationships and building an internal and external network to achieve business development goalsLeads client team members and partners with other internal specialists to provide clients access to the full array of Private Bank capabilities and services, as required to meet their specific needsReports to the Market Executive Job DescriptionSenior 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 your immediate termination. Key Responsibilities:Act as trusted advisor to, and advocate for, clients and prospects; provide integrated recommendations that encompass multiple products and services as neededDevelop in-depth understanding of clients' needs, preferences and overall wealth; be responsive to changes in the business environment or client needsEffectively manage a book of relationships and act as relationship lead accountable for the client's experienceLeverage specialists, service officers and other expert resources to ensure the integrated delivery of investment, fiduciary, credit and banking solutionsBuild relationships with internal and external sales referral partnersLead the Client Management Process (CMP) within client team to identify new business development opportunitiesMotivate and influence client team members appropriately; collaborate in their onboarding, coaching and developmentMeet Risk & Compliance requirements and policies Required skills12+ years of private banking or complex financial services experience OR minimal equivalent of a bachelor's degreeResponsible for driving new business development for target client segment ($3MM++ investable assets)Present to clients a holistic approach, leveraging the entire Private Bank platformA high touch, client-focused individual with exceptional interpersonal skillsA leader who recognizes opportunities for client engagement and proactively acts upon them for the betterment of the clientAbility to influence; proactively asks for and closes businessSolutions oriented; sales and financial aptitude a mustMust be a skilled negotiatorAbility to work and identify the need for team specialists; collaborate closely with other team membersTakes on a leadership role on the team and within the business communitySeries 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 skillsMBA or Post-Graduate Degree preferredCFP, CPA, CFA, CTFA, CFM or JD a significant plus Shift:1st shift (United States of America) Hours Per Week:-- -40

Keywords: Bank of America, Greenwich , Private Client Advisor II, Other , Greenwich, Connecticut

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