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Private client advisor ii

Bank Of America
Client advisor
Posted: 30 October
Offer description

Description

:
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 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:

1. Leads the Client Process Management Process within the client team to identify new business development opportunities

2. Sources new clients in alignment with the bank's established risk appetite

3. Leads the client team to deliver meaningful interactions and a Branded Client Experience

4. 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

5. Advocates for clients and prospects as their trusted advisor, providing integrated recommendations including wealth structuring, credit facilities, banking, and asset management

6. Encourages use and adoption of digital capabilities to enhance the client and client team experience

7. Builds relationships with internal and external partners and centers of influence

Required skills:

8. 12+ years of private banking or complex financial services experience OR equivalent financial services/business experience

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

10. Present to clients a holistic approach, leveraging the entire Private Bank platform

11. A high touch, client-focused individual with exceptional interpersonal skills

12. A leader who recognizes opportunities for client engagement and proactively acts upon them for the betterment of the client

13. Ability to influence; proactively asks for and closes business

14. Solutions oriented; sales and financial aptitude a must

15. Must be a skilled negotiator

16. Ability to work and identify the need for team specialists; collaborate closely with other team members

17. Takes on a leadership role on the team and within the business community

18. 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:

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

Skills:

21. Business Development

22. Client Management

23. Client Solutions Advisory

24. Prospecting

25. Wealth Planning

26. Analytical Thinking

27. Oral Communications

28. Referral Management

29. Relationship Building

30. Risk Management

31. Active Listening

32. Attention to Detail

33. Collaboration

34. Decision Making

35. Loan Structuring

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

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CT - Greenwich - 55 Railroad Ave - Plaza 55 (CT1010)Pay and benefits informationPay range$100,000.00 - $275,000.00 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.

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