Bank of America Corporation

International Business Manager

Bank of America Corporation • $80K — $120K *
Miami, FL 33186In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in Wealth Management or related field
  • Licensing requirement: Series 7 and 66 or Series 7, 63, and 65 licenses
  • SAFE Act registration required
  • MBA preferred or equivalent firm-approved designation
  • Strong leadership, communication, and delegation skills
  • Proven analytical skills to identify trends and implement processes
  • Deep knowledge of Wealth Management products and industry regulations

Responsibilities

  • Create and manage team routines like meetings and calendars
  • Conduct meetings to drive execution of the business plan
  • Establish and maintain team scorecard for accountability
  • Leverage technology for operational efficiencies
  • Coordinate and prioritize work assignments for team members
  • Oversee client service strategy and review processes
  • Track team performance metrics against goals and historical data
  • Manage budget and expenses related to Business Development Account (BDA)
  • Assist in the hiring and onboarding of new team members

Benefits

  • Access to ongoing training and professional development
  • Collaboration with a dynamic and supportive team
  • Potential for career advancement within the organization
  • Exposure to various financial products and services
  • Work-life balance through flexible scheduling options
Full Job Description
Job Description:

The Business Manager role for International Wealth Management is a key contributor to a Financial Advisor team in creating strategy and ensuring execution related to multiple metrics and priorities across the teams business plan and goal deliverables. Helps manage the team's business plan and practice financials. Tracks progress with quantifiable business and activity goals and ensures team daily activities aligns with practice metrics, goals and objectives. Coordinates team assignments, projects and key initiatives, and ensures execution of teams client service strategy. Requires a thorough knowledge of the Merrill Lynch Wealth Management business functional area and products. Requires a working knowledge of general bank policies, programs and procedures and financial/accounting practices. 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.

Business Managers are key contributors in creating strategy and ensuring execution related to multiple metrics and priorities across the team's business plan and goal deliverables. They help manage the team's business plan and practice financials. They track progress with quantifiable business and activity goals and ensure team daily activities align with practice metrics, goals and objectives. They coordinate team assignments, projects and key initiatives, and ensure execution of team's client service strategy. They must have a thorough knowledge of the Merrill Lynch Wealth Management business functional areas and products. They must have a working knowledge of general bank policies, programs and procedures, and financial/accounting practices.

Role Responsibilities:
  • Create and manage team routines (e.g. regular team meetings, communications, team calendars)
  • Conduct team meetings to drive business plan execution
  • Establish an agreed upon team scorecard and revisit regularly to ensure accountability
  • Create scale and capacity through operational efficiencies and available technology
  • Coordinate and help prioritize work assignments across team to ensure completion
  • Oversee execution of client service strategy and client review processes
  • Track team performance against goals and prior year performance, including identifying key opportunities and success on key programs
  • Establish budget and manage expenses regularly, including Business Development Account(BDA)
  • Assist with the sourcing, assessing, and onboarding of new talent; and the off boarding of transitioning talent


Role Requirements:
  • Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support
  • SAFE ACT Registration
  • Individuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission ("SEC")
  • MBA preferred or obtain and/or maintain at least one firm approved designation
  • Strong leadership abilities, communication and delegationbskills
  • 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


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

*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.

Shift:
1st shift (United States of America)

Hours Per Week:
40

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Finance & Insurance
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ
BAC
* Ladders Estimates

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