Job Description:
Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.
Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.
Merrill 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 Merrill, we empower you to bring your whole self to work. We value the unique perspectives in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different skills and experiences that individuals bring from all backgrounds and careers; whether gained through military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Job Description:
The Business Manager role for International Wealth Management is a key contributor to a Financial Advisor team in creating strategy and ensuring execution related to multiple metrics and priorities across the teams business plan and goal deliverables. Helps manage the team’s business plan and practice financials. Tracks progress with quantifiable business and activity goals and ensures team daily activities aligns with practice metrics, goals and objectives. Coordinates team assignments, projects and key initiatives, and ensures execution of teams client service strategy. Requires a thorough knowledge of the Merrill Lynch Wealth Management business functional area and products. Requires a working knowledge of general bank policies, programs and procedures and financial/accounting practices. This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential mortgage loan originations must register with the federal registry system and remain in good standing. Since this position requires SAFE Act registration, employees are required to register and to submit to the required SAFE Act background check. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.
Business Managers are key contributors in creating strategy and ensuring execution related to multiple metrics and priorities across the team’s business plan and goal deliverables. They help manage the team’s business plan and practice financials. They track progress with quantifiable business and activity goals and ensure team daily activities align with practice metrics, goals and objectives. They coordinate team assignments, projects and key initiatives, and ensure execution of team’s client service strategy. They must have a thorough knowledge of the Merrill Lynch Wealth Management business functional areas and products. They must have a working knowledge of general bank policies, programs and procedures, and financial/accounting practices.
Role Responsibilities:
Create and manage team routines (e.g. regular team meetings, communications, team calendars)
Conduct team meetings to drive business plan execution
Establish an agreed upon team scorecard and revisit regularly to ensure accountability
Create scale and capacity through operational efficiencies and available technology
Coordinate and help prioritize work assignments across team to ensure completion
Oversee execution of client service strategy and client review processes
Track team performance against goals and prior year performance, including identifying key opportunities and success on key programs
Establish budget and manage expenses regularly, including Business Development Account(BDA)
Assist with the sourcing, assessing, and onboarding of new talent; and the off boarding of transitioning talent
Role Requirements:
Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support
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”)
MBA preferred or obtain and/or maintain at least one firm approved designation
Strong leadership abilities, communication and delegationbskills
Understanding of how to deliver a strong overall client experience
Thorough knowledge and understanding of the suite of Wealth Management products and services
Proven ability to manage risk and make sound decisions by having a deep understanding of industry regulations, supervisory requirements, and policies/procedures
Strong analytical skills with ability to identify trends, root cause and effects, and implement improved processes to increase growth and mitigate risk
Ability to influence and demonstrate strong and effective leadership through clear communication and collaboration with other partners to make sound decisions with courage and conviction; demonstrated ability to influence to the desired outcome, without direct authority
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
*Internal employees who are currently working from home are still eligible to
apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.
Shift:
1st shift (United States of America)Hours Per Week:
40