Business Strategy & Initiatives Executive

Bank of America • Lake Forest, CA

1d • $175,000 - $250,000 • Onsite

About The Position

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance. Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America. Merrill 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 Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different backgrounds and bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective. Job Description: This job is responsible for leading the development and execution of strategic initiatives and/or processes aligned to the bank's priorities within a functional area and/or business. Key responsibilities include defining, developing, executing, monitoring, and/or refining strategic initiatives and/or processes including management of strategic reviews by senior leadership in close collaboration with key stakeholders and internal partners. This role will partner closely with senior management to build, implement and monitor the operational risk framework for policies, procedures, and standards as well as support strategic initiatives across the Private Wealth Management, International & Institutional businesses. The ideal candidate is a proactive leader who can lead projects and initiatives while maintaining strong attention to detail and risk discipline. This role is responsible for supporting growth in the business by executing client selection governance and monitoring routines, overseeing business metrics and program analysis, as well as project support at different levels. The position requires the incumbent to have diverse business and risk expertise, be able to think strategically, as well as perform in a proactive manner with limited supervision. The position requires the individual to build and maintain relationships with field management, control partners and work closely with other teams within the LOB.

Requirements

• Prior Experience in operational risk, business governance or related disciplines.
• Strong decision making and problem-solving abilities.
• Proven ability to manage and resolve audit issues.
• Excellent written, verbal and presentation skills; confidence in building executive-level presentations.
• Attention to detail with the ability to think strategically and execute tactically.
• Ability to work independently and lead large scale work efforts.
• Strong organizational, collaboration, and stakeholder management skills.
• Innovative thinker.
• Experience writing policies, procedures, and guidelines.
• Risk Management.
• Business Process Analysis.
• Process Management.
• Process Mapping.

Nice To Haves

• Wealth Management experience a plus.
• Bachelor's degreeor equivalent preferred
• Skills: Business Acumen
• Coaching
• Critical Thinking
• Result Orientation
• Strategic Thinking
• Analytical Thinking
• Collaboration
• Customer and Client Focus
• Influence
• Stakeholder Management
• Adaptability
• Innovative Thinking
• Oral Communications
• Planning
• Prioritization

Responsibilities

• Oversees the process for building and/or executing business initiatives and/or processes, while partnering with stakeholders and partners
• Solves complex problems and delivers on business initiatives and processes by applying subject matter expertise and technical knowledge of the business
• Engages with key stakeholders, partners, and business leadership to deliver on business objectives, while providing updates on strategic business initiatives
• Approves and oversees the development of strategic and tactical plans to drive progress towards business goals and objectives
• Implement and monitor operational risk frameworks, processes, controls and metrics.
• Build out and maintain the Single Process Inventory (SPI), ensuring processes are accurately documented, assess and aligned with risk standards.
• Establish and enhance business controls to support adherence to business strategy across Private Wealth Management, International & Institutional businesses.
• Identify, escalate and mitigate risks across the business.
• Complete and/or review product risk assessments.
• Partner with control functions to ensure regulatory and policy adherence,
• Lead and support cross-functional projects that advance business priorities.
• Develop and deliver executive level presentations the convey strategy, risk posture and project status.
• Drive execution of governance programs and workstreams, ensuring milestone and deliverable are met.

Benefits

• 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.
• 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.
• Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees