Finance Manager - Business Support (Merrill Advisor Development Program BFO)

Bank of America•New York, NY

1d•$118,000 - $168,000•Onsite

About The Position

This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and directing the day-to-day finance activities to manage strategic annual planning and implementation. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and overseeing value creation ideas and new investment business cases. Job expectations include supporting management in key decision making, and influencing and gaining support from financial analysts. The Merrill Advisor Development Program (ADP), formerly known as the Trainee Program, was established more than 50 years ago with the primary objective of attracting and developing new licensed and unlicensed advisor talent. The program is designed to help participants acquire new clients, build assets, and grow their books of business, ultimately contributing to the long-term growth of Merrill's Financial Advisor population and Assets Under Management (AUM). ADP participants represent approximately 20% of the total Merrill Financial Advisor population and are distributed across all markets nationwide. Advisors in the program will receive coaching, mentoring, and performance support for a period of 2 to 4 years before graduating and transitioning to Core Financial Advisor status. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Requirements

10+ years Finance experience
Prior experience working with and influencing executive level partners

Nice To Haves

Experience using Co-Pilot (AI)
Prior experience with developing forecasting/budgets
Bachelor's Degree in Accounting / Finance

Responsibilities

Oversees the financial analysis and reporting needed to provide Line of Business (LOB) and finance leadership with trends and comparisons on all financial matters, focusing on maximizing revenue growth, cost management, profitability, cash flow generation, and operational improvement
Reviews LOBs financial performances and provides strategic direction to teams by assisting with synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
Manages forecasting and/or budgeting and compares current performance against plan, prior periods, and forecasts to evaluate current and future performance trajectory
Delegates and provides oversight to teams building financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
Implements new and ongoing projects and strategic initiatives by helping to create new processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
Builds, maintains, and manages partner relationships across the Finance division and implements policies and procedures that ensure integrity of the financials, sound controls, and effective procedures
ADP BFO plays a key strategic role in workforce planning, forecasting, and regulatory support. The position is highly involved in the quarterly MLWM Baseline Forecast process, where ADP headcount and associated expenses represent a significant forecasting component. Additionally, the role is responsible for developing and submitting the Merrill trainee population forecast used in Enterprise Stress Testing (EST), supporting the firm's regulatory, capital planning, and long-term workforce management objectives.