Bank of America Corporation

Private Bank Market Leader

Bank of America Corporation$210K — $307K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • FINRA Licenses Required: S7, S66 or S63 & S65, S24
  • Proven record of achieving business growth as a sales leader or practitioner
  • In-depth knowledge of high net worth client needs
  • Strong judgment and decision-making abilities
  • Expertise in talent selection and development
  • Comprehensive knowledge of Private Bank capabilities and collaborative problem-solving
  • Exceptional communication skills with an executive presence
  • High emotional intelligence with strong influencing and relationship management skills

Responsibilities

  • Ensure delivery of investment, credit, and banking solutions to clients
  • Inspect processes for quality interactions to enhance client experience
  • Analyze team performance metrics to identify improvement opportunities
  • Participate in planning and joint client engagements
  • Ensure compliance with regulatory and risk management policies
  • Address key risk issues promptly and effectively
  • Execute market strategy tailored to local dynamics
  • Cultivate relationships with clients and business partners
  • Recruit, develop, and retain top talent
  • Collaborate on compensation and resource decisions

Benefits

  • Industry-leading benefits package
  • Access to paid time off
  • Resources and support for employee impact
  • Opportunities to contribute to community growth
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:

  • Deliver for Clients:
    • Ensures delivery of the investment and fiduciary platform, credit and banking solutions, and digital capabilities to clients
    • Inspects routines and processes to ensure quality meaningful interactions that improve the overall client experience
    • Analyzes client team performance and key metrics to determine areas of opportunity and follows-up with targeted solutions/coaching
    • Participates in targeted pre-calling planning and joint calling with teams to help close business and identify development needs


  • Risk Management:
    • Ensures Private Bank/regulatory compliance and risk policies are understood, align with our risk framework and are consistently applied within the market
    • Escalates key risk issues to ensure timely and effective resolution


  • Drives Responsible Growth in the Market:
    • Executes against Private Bank strategy and priorities tailored to local market dynamic and competitor footprint
    • Supports market routines, including CMP execution and BCE adoption to deliver the enterprise and drive cross-LOB referrals and business integration targets
    • Establishes strong relationships with key clients, prospects, COIs and business partners


  • Talent Management:
    • Recruits, hires, develops and retains talent
    • Participates with leadership team on comp and resource decisioning
    • Collaborates with market leadership and key partners to support employee development


Required Skills:

  • FINRA Licenses Required: S7, S66 OR S63 & S65, S24
  • Demonstrated track record of delivering business results and driving responsible growth as a sales practitioner and/or sales leader
  • Deep understanding of high net worth clients' needs and solutions
  • Strong business judgment and decision making
  • Ability to attract, select, diagnose performance gaps to develop and retain talent
  • Deep and wide knowledge of Private Bank and enterprise capabilities with ability to work collaboratively to make connections, resolve issues & remove obstacles
  • Communicates in a clear and compelling manner with employees, clients, and enterprise partners (executive presence)
  • Strong influencing, listening, probing & relationship management skills (high EQ)


Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - MN - Minneapolis - 80 S 8TH ST - IDS CENTER (MN1150)

Pay and benefits information

Pay range

$210,000.00 - $307,200.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This 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.

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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