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Wealth Management Specialist - NR

Company: Disability Solutions
Location: Chicago
Posted on: June 11, 2024

Job Description:

Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:This EGP Trainee is a training program to develop and prepare candidates to further develop and service the FA Teams client base. The Trainee role allows EGP Specialist to become fully license and require the appropriate designations before taking on the full EGP Specialist role. This position operates in a marketing and sales development role by implementing and executing the Elite Growth Practice. Specific accountabilities for the role may vary depending on the teams practice. Performance is measured by the FA or FA team through specific goals, metrics, and behaviors related to the execution of the EGP model. Core Responsibilities: Develop and service client segments and the next generation and their next generations and beneficiaries. Gather additional assets from existing client base and deepen relationships by partnering with all Merrill partners to deliver a full breadth solutions. Coordinate technological support through the development of portfolio analysis, proposals and direct mail campaigns utilizing Salesforce and other tools and resources. Provide technical expertise in certain product areas (e.g. Corporate 401(k), Rule 144, Insurance, Wealth Management Workstation) Provide marketing and organizational support. This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination. Role is designed to allow employees to study and obtain all required registrationsRole Responsibilities

  • Analyze and understand Merrill and third party research
  • Monitor and respond to market and non-financial current events
  • Effectively navigate proprietary planning and investment management tools
  • Deliver investment management, including but not limited to investment proposal, CRC, etc.
  • Monitor and analyze book pricing internally for FA team
  • Convey pricing to ensure client's understanding of the value of advice and accompanying solutions
  • Deep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current market environment
  • Monitor and manage client portfolios to align with client goals, objectives, risk tolerance and time horizons
  • Research portfolio recommendations for Investment Committee review
  • Prepare materials and coordinate weekly Investment Committee meetings
  • Proactively review and manage team proprietary models to align with the Investment Committee decisions
  • Manage ML One variances/enrollments/updates/withdrawals/terminations
  • Serve as Primary/Lead Team Member for processing PIA trades in Portfolio
  • Processing of all trades (discretionary or non-discretionary)
  • Create analytical reports for FAs to review client investment portfolio performances against market returns
  • Propose client recommendations/changes based on client goals, risk tolerance, time horizon and objectivesQualifications
    • Series 7, 63/65 or 66 or equivalent; must obtain all state registrations in support of Financial Advisor(s) and Advisor Team(s) If Series 7, 63/65 or 66 or equivalent are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.
    • SAFE ACT Registration
    • Individuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission ("SEC")
    • Obtain and/or maintain at least one firm approved designation
    • Possess and demonstrate strong communication skills
    • Thorough knowledge and understanding of the suite of Wealth Management products and services
    • Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate risk
    • Ability to make sound decisions by having a deep understanding of investment management best practices and policies/procedures
    • Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in a suitable and controlled wayShift:1st shift (United States of America)Hours Per Week: 37.5

Keywords: Disability Solutions, Chicago , Wealth Management Specialist - NR, Executive , Chicago, Illinois

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