Private Client Manager II
Company: Disability Solutions
Location: New York
Posted on: October 30, 2024
Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:This job is responsible for
expanding client relationships by identifying opportunities to
deepen existing relationships. Key responsibilities include
advising on the client's financial needs and the full array of
Private Bank's capabilities, establishing and deepening
relationships with internal and external partners and Centers of
Influence to identify prospects. Job expectations include executing
the Client Management Process and partnering across the enterprise
to provide a Branded Client Experience. This position is 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. Since this position requires SAFE Act
registration, employees are 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.Responsibilities:
- Drives inflows of new business across all product lines (i.e.,
Credit, Assets Under Management, Deposit) into existing book of
business
- Leads complex credit opportunities, including structured credit
deals
- Grows book balances and Year over Year revenue
- Partners with and mentors Private Client Managers on more
complex products and client relationships
- Acts as Chief Operating Officer for the client team,
coordinating relationship management activities and managing
successful delivery of Branded Client Experience to support client
satisfaction
- Encourages use and adoption of digital capabilities to enhance
the client and client team experience
- Builds relationships with internal and external partners and
centers of influenceRequired Skills:
- 15+ years' experience in private banking (ultra high-net-worth
space), business development and relationship management
- Significant knowledge of banking and credit: general
understanding of investments, trust and wealth transfer
- Solutions oriented; sales and financial aptitude a must
- Present to clients a holistic approach, leveraging the entire
Private Bank 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 and
team
- Excellent ability to work in team environment
- Ability to influence; proactively asks for and closes
business
- 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; unlicensed
candidates may be considered if willing to obtain licenses within a
standard time frame of 90 days per exam after the first working day
in this positionDesired Skills:* MBA or Post-Graduate Degree
preferred* CFP, CPA, CFA, CTFA, CFM or JD a significant plusSkills:
- Client Management
- Client Solutions Advisory
- Loan Structuring
- Relationship Building
- Risk Management
- Active Listening
- Analytical Thinking
- Oral Communications
- Referral Management
- Underwriting
- Account Management
- Attention to Detail
- Collaboration
- Decision Making
- Financial AnalysisMinimum Education Requirement: High School
Diploma / GED / Secondary School or equivalentShift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER
(NY1100)Pay and benefits informationPay range$110,000.00 -
$200,000.00 annualized salary, offers to be determined based on
experience, education and skill set.Formulaic incentive
eligibleThis role is eligible to participate in a formulaic
incentive plan. Employees are eligible for incentives as detailed
by the specific line of business incentive plan provisions.
Formulaic plans may be comprised of monthly, quarterly and/or
annual incentive opportunities. Incentives are earned based on the
employee's performance against defined metrics.BenefitsThis role is
currently benefits eligible. We provide industry-leading benefits,
access to paid time off, resources and support to our employees so
they can make a genuine impact and contribute to the sustainable
growth of our business and the communities we serve.
Keywords: Disability Solutions, New York , Private Client Manager II, Executive , New York, New York
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