Private Client Advisor II

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for acquiring new clients, deepening client relationships, and building upon an internal and external network to achieve business development goals. Key responsibilities include leading the Client Management Process and partnering across the enterprise to provide a Branded Client Experience, including access to the full array of Private Bank and the bank's capabilities and services to meet specific client needs. Job expectations include ensuring retention of clients. This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential mortgage loan 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. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Responsibilities:

• Leads the Client Process Management Process within the client team to identify new business development opportunities
• Sources new clients in alignment with the bank's established risk appetite
• Leads the client team to deliver meaningful interactions and a Branded Client Experience
• Develops an in-depth understanding of clients’ needs, preferences, and overall wealth strategy, being responsive to changes in the business environment and/or with client needs
• Advocates for clients and prospects as their trusted advisor, providing integrated recommendations including wealth structuring, credit facilities, banking, and asset management
• 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 influence

Required skills:

• 12+ years of private banking or complex financial services experience OR equivalent financial services/business experience

• Responsible for driving new business development for target client segment ($3MM++ investable assets)

• 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

• 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 90 days of start date)

Desired skills:

• MBA or Post-Graduate Degree preferred

• CFP, CPA, CFA, CTFA, CFM or JD a significant plus

Additional Skills Used in this Role:

• Business development  

• Prospecting and Qualification

• Oral Communication

• Investment Products and Solutions

• Client team management

• Influencing

• Consulting

• Problem Solving

• Investment Products and Solutions

• Advisory Sales

• Pipeline management

• Active Listening

• Collaboration

• Transitioning client conversations

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40