Wealth Management Specialist

Bank of America • Oklahoma City, OK

2d • Onsite

About The Position

Merrill Wealth Management provides comprehensive wealth management and investment products and services to individuals, companies, and institutions. Its advisory teams offer goals-based wealth management, including planning for retirement, education, legacy, and other life goals, with access to Merrill investment insights and Bank of America banking services. Merrill describes its culture as committed to in-office attendance, with role-specific flexibility, and values diversity and employees’ varied perspectives and experiences.

Wealth Management Specialists perform specialized functions across Financial Advisor teams, including business management, business development, wealth planning, investment management, and relationship management. They provide quality client service and efficient operational support, may advise and train less experienced team members, and handle complex problem escalation and resolution. The role requires judgment within established practices and policies, and working knowledge of Merrill Lynch Wealth Management and the team functions assigned.

This EGP Trainee position is a training program that prepares candidates to develop and service Financial Advisor teams’ client bases. Trainees work in a marketing and sales development role implementing the Elite Growth Practice, with specific accountabilities varying by team. Performance is measured by the Financial Advisor or team against goals, metrics, and behaviors related to the EGP model. The role is designed to allow employees to study for and obtain required registrations and designations before taking on the full EGP Specialist role.

The position may involve residential mortgage loan origination and is subject to SAFE Act registration and background-check requirements. Employees must register with the federal registry system and remain in good standing; failure to obtain or maintain registration may result in disciplinary action, up to termination. Internal employees currently working from home may apply, but selected candidates may be required to work onsite under the workplace excellence policy.

Requirements

• High School Diploma, GED, secondary school education, or equivalent.
• Obtain Series 7 and 66 licenses, or Series 7, 63, and 65 licenses.
• Obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) supported.
• SAFE Act registration, including the required background check, and maintaining registration in good standing.
• Maintain a Form ADV-2B, providing clients with details about experience and educational background, along with other SEC-governed requirements.
• Obtain and/or maintain at least one firm-approved designation.
• Demonstrated expertise and impact in at least two specialized functions: wealth planning, investment management, business development, business management, or relationship management.
• Strong communication skills and an understanding of how to deliver a strong overall client experience.
• Thorough knowledge and understanding of Wealth Management products and services.
• Detail orientation, strong organizational skills, and ability to manage multiple tasks and priorities.
• Strong partnership and relationship-management skills, including the ability to work across functional areas and organizational lines and levels.
• Ability to influence and communicate and collaborate with others to make sound decisions without direct authority.
• Analytical skills to identify trends and root causes and effects, and implement improved processes to increase growth and mitigate risk.
• Ability to identify client needs and concerns and articulate an appropriate approach that aligns solutions with goals and supports responsible growth.

Responsibilities

• Develop and service client segments, including next-generation clients and beneficiaries.
• Gather additional assets from existing clients and deepen relationships by partnering with Merrill colleagues to deliver a broad range of solutions.
• Coordinate technological support by developing portfolio analyses, proposals, and direct-mail campaigns using Salesforce and other tools and resources.
• Provide technical expertise in product areas such as Corporate 401(k), Rule 144, insurance, and Wealth Management Workstation.
• Provide marketing and organizational support.
• Provide quality client service and effective, efficient operational support.
• Escalate or solve complex problems requiring extensive analysis and evaluation.
• May advise and assist with training less experienced team members.
• Study for and obtain required registrations and designations.

What This Job Offers

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