Private Client Advisor II

Bank of America • Vancouver, BC

2d • $100,000 - $275,000 • Onsite

About The Position

At Bank of America, the Private Client Advisor II helps acquire new clients, deepen client relationships, build internal and external networks, and achieve business development goals. The role leads the Client Management Process and partners across the enterprise to provide a Branded Client Experience, connecting clients with the capabilities and services of the Private Bank and the broader bank. The position is also responsible for client retention and may involve residential mortgage loan origination. Employees engaged in mortgage loan originations must meet SAFE Act registration and background-check requirements and maintain good standing in the federal registry system.

The advisor develops an in-depth understanding of clients’ needs, preferences, and wealth strategies and provides integrated recommendations across wealth structuring, credit facilities, banking, and asset management. The role works with client teams, internal and external partners, and centers of influence, and encourages adoption of digital capabilities to improve the client and team experience.

Bank of America describes its workplace as inclusive and committed to Responsible Growth, teammate well-being, and an in-office culture that supports collaboration, engagement, and career development. This position is listed for Vancouver, Washington, is a first-shift role, and has a 40-hour workweek. The stated annualized pay range is $100,000 to $275,000, with offers based on experience, education, and skill set. The role is eligible for a formulaic incentive plan and benefits, including paid time off.

Requirements

• Hold Series 7, 63, and 65 licenses, or Series 7 and 66; unlicensed candidates may be considered if willing to obtain the licenses within 90 days of the start date.
• Have 12 or more years of private banking and/or complex financial services experience, or equivalent financial services/business experience.
• Ability to drive new business development for the target client segment of $3MM++ investable assets.
• Ability to present clients with a holistic approach that leverages the entire Private Bank platform.
• Be a high-touch, client-focused individual with exceptional interpersonal skills.
• Recognize opportunities for client engagement and proactively act on them for the betterment of the client.
• Ability to influence, proactively ask for business, and close business.
• Be solutions-oriented, with sales and financial aptitude.
• Be a skilled negotiator.
• Ability to work with and identify the need for team specialists and collaborate closely with other team members.
• Take on a leadership role on the team and within the business community.
• Minimum education: High School Diploma, GED, Secondary School, or equivalent.
• If engaged in residential mortgage loan origination, register with the federal registry system, complete the required SAFE Act background check, and maintain SAFE Act registration in good standing.

Nice To Haves

• MBA or postgraduate degree.
• CFP, CPA, CFA, CTFA, CFM, or JD credential.

Responsibilities

• Lead the Client Management Process within the client team to identify new business development opportunities.
• Source new clients in alignment with the bank’s established risk appetite.
• Lead the client team in delivering meaningful interactions and a Branded Client Experience.
• Develop an in-depth understanding of clients’ needs, preferences, and overall wealth strategy, responding to changes in the business environment and client needs.
• Advocate for clients and prospects as a trusted advisor, providing integrated recommendations covering wealth structuring, credit facilities, banking, and asset management.
• Encourage use and adoption of digital capabilities to enhance the client and client team experience.
• Build relationships with internal and external partners and centers of influence.
• Ensure client retention.

Benefits

• Benefits eligibility.
• Access to paid time off.
• Formulaic incentive plan eligibility, with incentives based on performance against defined metrics and plan provisions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED