Private Wealth Senior Business Manager

Bank of America • San Antonio, TX

1d

About The Position

The Senior Business Manager is a key contributor to a Financial Advisor team, developing and executing strategy across the team’s business plan and goals. The role develops and manages the team’s business plan and practice financials, and leads complex financial initiatives involving pricing strategy, profitability compared with revenue, and time capacity. The position interfaces with market and division leaders to align team strategy and initiatives with broader market and division goals. It tracks measurable business and activity goals and ensures daily activities align with practice metrics and objectives.

The role also manages administrative functions, including personnel processes, performance monitoring, coordination of team assignments and projects, key initiatives, and the team’s client service strategy. It requires thorough knowledge of the Merrill Lynch Wealth Management business area and products, plus working knowledge of general bank policies, programs, procedures, and financial and accounting practices. The position may involve residential mortgage loan origination and requires SAFE Act registration and a background check; employees must maintain registration in good standing.

Requirements

• Series 7 and Series 63/65 or 66, or equivalent; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) supported.
• SAFE Act registration and ADV-2B required.
• Strong leadership, communication, and delegation skills.
• Understanding of how to deliver a strong overall client experience.
• Thorough knowledge and understanding of Wealth Management products and services.
• Ability to manage risk and make sound decisions through deep understanding of industry regulations, supervisory requirements, and policies and procedures.
• Ability to identify client needs and concerns and articulate appropriate approaches that align solutions to goals in a suitable and controlled way.
• Strong analytical skills, including identifying trends and root causes and implementing improved processes to increase growth and mitigate risk.
• Ability to influence and demonstrate effective leadership through clear communication and collaboration, including influencing desired outcomes without direct authority.
• Minimum of five years of experience performing specialist/analyst-level responsibilities or equivalent industry experience.
• High school diploma, GED, secondary school, or equivalent.

Nice To Haves

• MBA.
• Obtain or maintain at least one firm-approved designation.

Responsibilities

• Develop and manage the Financial Advisor team’s business plan and practice financials.
• Manage complex financial initiatives, including pricing strategy, profitability relative to revenue, and time capacity.
• Coordinate with market and division leaders to align team strategies and initiatives with broader market and division goals.
• Track quantifiable business and activity goals and ensure daily team activities align with practice metrics and objectives.
• Manage administrative functions, personnel processes, and performance monitoring.
• Coordinate team assignments, projects, and key initiatives.
• Manage the overall team client service strategy.
• Maintain required SAFE Act registration and good standing, including completing the required background check.

What This Job Offers

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