Wealth Management Specialist - Business Manager

Business Manager – Elite Growth Practice (EGP) Trainee / Specialist / Senior Role Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Our Financial Advisors and Wealth Management Client Associates help clients pursue their life goals through a personal relationship with an advisory team committed to transparency and trust. The EGP Business Manager role is a key contributor to a Financial Advisor team, creating strategy and ensuring execution related to multiple metrics and priorities across the team’s business plan and goal deliverables. The Business Manager may be filled at a Trainee, Specialist or Senior level depending on experience of the candidate and needs of the Financial Advisor Team. The Trainee is a non‑exempt position for a hire lacking required security licenses and/or designation. This role allows the individual to become fully licensed and achieve the appropriate designations required for the position. If Series 7 and 66 (or 63 & 65) licenses and approved designation are not currently held, they must be obtained within a specified timeframe to be eligible for the Specialist position. This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination. Job Responsibilities Business Strategy & Execution Partner with Financial Advisors and advisory teams to develop, implement, and execute the team’s business plan, ensuring alignment with growth objectives and firm priorities. Translate strategic goals into actionable initiatives, timelines, and performance metrics. Monitor business performance across key indicators (revenue growth, asset flows, client acquisition, etc.) and adjust strategies to drive results. Practice Management & Financial Oversight Manage and track practice financials, including revenue, expenses, profitability, and budgeting processes. Provide insights and report to FAs on business performance, trends, and opportunities for growth or efficiency. Support resource allocation and capacity planning to optimize team productivity. Performance Tracking & Analytics Establish and maintain quantifiable business and activity goals aligned with firm and team objectives. Analyze data to identify trends, root causes, and business opportunities. Develop reporting dashboards and cadence of reviews to ensure accountability and progress tracking. Client Experience & Service Strategy Oversee execution of the team’s client service model and experience strategy. Ensure consistent delivery of a high-quality, personalized client experience across all touchpoints. Identify opportunities to enhance client engagement, retention, and satisfaction. Team Coordination & Leadership Support Coordinate team assignments, workflow, and key initiatives to ensure efficient execution. Act as a central point of organization for projects, ensuring timely delivery and cross‑functional alignment. Provide leadership support through delegation, communication, and prioritization of team activities. Product & Platform Expertise Maintain deep knowledge of wealth management products, services, and platforms, including investments, banking, lending, and mortgage solutions. Support FAs and clients with appropriate product positioning and solutions alignment. Act as a subject matter resource on firm offerings and capabilities. Risk Management & Compliance Ensure adherence to regulatory requirements, firm policies, and supervisory procedures. Proactively identify and mitigate operational, compliance, and business risks. Support SAFE Act requirements and maintain required registrations and licensing standards. Cross‑Functional Collaboration & Influence Collaborate with internal partners (e.g., banking, lending, operations, compliance, marketing) to deliver integrated client solutions. Influence outcomes and drive decisions without direct authority, using strong communication and relationship management skills. Desired Skills Strong leadership abilities, communication and delegation skills Understanding of how to deliver a strong overall client experience Thorough knowledge and understanding of the suite of Wealth Management products and services Proven ability to manage risk and make sound decisions by having a deep understanding of industry regulations, supervisory requirements and policies/procedures Strong analytical skills with ability to identify trends, root cause and effects and implement improved processes to increase growth and mitigate risk Ability to influence and demonstrate strong and effective leadership through clear communication and collaboration with other partners to make sound decisions with courage and conviction; demonstrated ability to influence to the desired outcome, without direct authority Administrative Services Customer Experience Improvement Project Management Sales Performance Management Strategy Planning and Development Business Acumen Business Analytics Candidate Screening Coaching Continuous Improvement Account Management Process Simplification Reporting Minimum Education Requirement High School Diploma / GED / Secondary School or equivalent. Shift and Hours 1st shift (United States of America). Hours per week: 37.5. Pay Transparency Details US – IL – Chicago – 110 N Wacker Dr – Bank Of America Tower Chicago (IL4110) and US – IL – Northbrook – 1033 Skokie Blvd (IL3518). Pay range: $30.00 – $45.00 hourly, offers to be determined based on experience, education and skill set. Benefits This role is benefits eligible and offers an industry‑leading benefits package, 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. Equality, Diversity, and Inclusion Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy. #J-18808-Ljbffr Bank of America