Bank of America Corporation

Private Bank Market Leader

Bank of America Corporation$110K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of relevant management experience in banking or financial services
  • Proven track record in talent development and leadership
  • Strong understanding of financial management and market strategies
  • Excellent communication and relationship-building skills
  • Ability to drive sales performance and manage client relationships
  • Strategic thinker with a focus on operational efficiencies
  • Demonstrated skill in coaching and performance management

Responsibilities

  • Manage a team of private client advisors, enhancing their performance through coaching and recruitment
  • Drive responsible growth and profitability to increase market share
  • Oversee team operations, ensuring effective hand-offs and client management
  • Manage operational efficiencies, risk controls, and marketing strategies for sustainable growth
  • Lead company-wide initiatives to achieve business objectives
  • Build diverse, top-performing teams to outperform competitors
  • Implement the Private Bank strategy in a tailored way for the market

Benefits

  • Opportunity for professional development and career growth
  • Inclusive workplace culture supporting diverse talents
  • Access to comprehensive resources for client needs
  • Participation in company-wide initiatives and projects
  • Engagement in performance management and coaching processes
Full Job Description
Job Description:

This job is responsible for leading a team focused on maintaining and growing the Bank's market share while serving as a bank ambassador to the business community. Key responsibilities include assisting the Market Executive with establishing and executing the market strategy, developing talent, and attending client meetings with the market leadership team. Job expectations include overseeing overall team performance, championing change, and ensuring the right strategies are implemented to deliver solutions for both clients and employees.

Responsibilities:

  • Manages a team of private client advisors and private client managers and enhances team performance through recruiting, coaching, and development activities
  • Increases profitability by driving responsible growth and understanding key priorities to drive market share
  • Oversees team activity and coordinates the pipeline of deals, facilitating hand-offs between members of the client teams, and improving the client management process
  • Manages key business drivers such as business integration, operational efficiencies, risk and expense controls, effective marketing and Next Generation cultivation to create long-term, sustainable growth
  • Leads and/or participates in company-wide projects or initiatives to achieve desired business outcomes
  • Builds top performing, diverse teams that gain advantage against competitors while maintaining a pathway of top talent in the market
  • Implements the enterprise Private Bank strategy in a market and team specific manner


Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
  • Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
  • Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
  • Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
  • Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
  • People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
  • Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
  • Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
  • Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank's capabilities to meet client needs and to gain competitive advantage.


Skills:
  • Business Acumen
  • Financial Management
  • Leadership Development
  • Strategic Thinking
  • Talent Development
  • Client Management
  • Customer and Client Focus
  • Performance Management
  • Problem Solving
  • Sales Performance Management
  • Decision Making
  • Employee Counseling
  • Planning
  • Relationship Building
  • Sales Strategy


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
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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