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Bank of America Senior Investment Manager (FP) in Brea, California

Senior Investment Manager (FP)

Brea, California

Job Description:

Business Overview

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch 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.

The Senior Investment Manager is responsible for defining andowning theFinancial Advisor(s) and/or AdvisorTeam(s)overallinvestmentmanagement philosophythrough the development of portfolio strategy, and leading a sound investment management process. Would act as team CIO, leading the investment committee for large teams, and working in close partnership withinternalspecialists todeliverholistic investment solutions by identifying and establishing targeted investment strategies. Strong ability to connect with clients and communicate CIO research in a concise and compelling manner. Ensure risk profiles, goals, objectives and asset allocations are aligned and reflectedproperlyfor each client. Senior-level expertise in a wide range of investment product areas and ability to deliver full range of products andservicesacross the enterprise, ensuringalignmentto client goals and strategies. Oversee preparation and presentclient performance review reportsto measureprogressto goals. Serves as subject matter expert for all investment-related questions that come in from clients.

Role Responsibilities

  • Define and own team’s investment management philosophy andprocess

  • Establish a scalable, disciplined investmentprocess

  • Build team’s investment and portfolio management knowledge and skills

  • Supervise research anddevelopment ofportfolio recommendations for Investment Committeereview

  • Lead weekly Investment Committee meetings

  • Oversee the review and management ofteam proprietary models to align with the InvestmentCommitteedecisions

  • Monitor the generation and delivery of investment management tools, including but not limited to investment proposal, CRC, etc.

  • Oversee the management of client portfolios to align with client goals, objectives, risk tolerance and timehorizons

  • Develop book pricing model for FA team and oversee analysis on an ongoing basis

  • Convey pricing to ensure client's understanding of the value of adviceandaccompanyingsolutions

  • Deep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current marketenvironment

  • Monitor and respond to market and non-financial currentevents

  • Analyze and understand Merrill and third partyresearch

  • Create analytical reports forFAstoreviewclient investment portfolio performancesagainstmarketreturns

  • Develop and present client recommendations/changes based on client goals, risk tolerance, timehorizonandobjectives

  • Lead one-on-one and group client facing dialogue and commentary on market trends and overall investment management topics

  • May oversee the work of additional teammates aligned to investment management, provide training and development

  • Engage home office partners and leaders to manage escalation and resolution of complex issues

Qualifications

  • Series7, 63/65 or 66 or equivalent; mustobtainall state registrations in support of Financial Advisor(s) and AdvisorTeam(s)

  • SAFEAct Registration; ADV-2BRequired

  • CFA®, or CIMA® designation preferred or obtain and/or maintain at least one firm approved designation

  • Possessand demonstrate strong communicationskills

  • Superior relationship management skills to partner effectively across the entire Wealth Management space

  • Stronganalytical andportfoliomanagement skills with the ability to identify trends and implementinvestmentstrategies to increase growth andmitigate risk

  • Ability to make sound decisions through a deep understanding of investment managementbestpractices andpolicies/procedures with a strong risk mindset

  • Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in asuitableandcontrolledway

  • LOS10+yearsorrelevantIndustryexperience

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Business Overview

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch 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.

The Senior Investment Manager is responsible for defining andowning theFinancial Advisor(s) and/or AdvisorTeam(s)overallinvestmentmanagement philosophythrough the development of portfolio strategy, and leading a sound investment management process. Would act as team CIO, leading the investment committee for large teams, and working in close partnership withinternalspecialists todeliverholistic investment solutions by identifying and establishing targeted investment strategies. Strong ability to connect with clients and communicate CIO research in a concise and compelling manner. Ensure risk profiles, goals, objectives and asset allocations are aligned and reflectedproperlyfor each client. Senior-level expertise in a wide range of investment product areas and ability to deliver full range of products andservicesacross the enterprise, ensuringalignmentto client goals and strategies. Oversee preparation and presentclient performance review reportsto measureprogressto goals. Serves as subject matter expert for all investment-related questions that come in from clients.

Role Responsibilities

  • Define and own team’s investment management philosophy andprocess

  • Establish a scalable, disciplined investmentprocess

  • Build team’s investment and portfolio management knowledge and skills

  • Supervise research anddevelopment ofportfolio recommendations for Investment Committeereview

  • Lead weekly Investment Committee meetings

  • Oversee the review and management ofteam proprietary models to align with the InvestmentCommitteedecisions

  • Monitor the generation and delivery of investment management tools, including but not limited to investment proposal, CRC, etc.

  • Oversee the management of client portfolios to align with client goals, objectives, risk tolerance and timehorizons

  • Develop book pricing model for FA team and oversee analysis on an ongoing basis

  • Convey pricing to ensure client's understanding of the value of adviceandaccompanyingsolutions

  • Deep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current marketenvironment

  • Monitor and respond to market and non-financial currentevents

  • Analyze and understand Merrill and third partyresearch

  • Create analytical reports forFAstoreviewclient investment portfolio performancesagainstmarketreturns

  • Develop and present client recommendations/changes based on client goals, risk tolerance, timehorizonandobjectives

  • Lead one-on-one and group client facing dialogue and commentary on market trends and overall investment management topics

  • May oversee the work of additional teammates aligned to investment management, provide training and development

  • Engage home office partners and leaders to manage escalation and resolution of complex issues

Qualifications

  • Series7, 63/65 or 66 or equivalent; mustobtainall state registrations in support of Financial Advisor(s) and AdvisorTeam(s)

  • SAFEAct Registration; ADV-2BRequired

  • CFA®, or CIMA® designation preferred or obtain and/or maintain at least one firm approved designation

  • Possessand demonstrate strong communicationskills

  • Superior relationship management skills to partner effectively across the entire Wealth Management space

  • Stronganalytical andportfoliomanagement skills with the ability to identify trends and implementinvestmentstrategies to increase growth andmitigate risk

  • Ability to make sound decisions through a deep understanding of investment managementbestpractices andpolicies/procedures with a strong risk mindset

  • Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in asuitableandcontrolledway

  • LOS10+yearsorrelevantIndustryexperience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22003687

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Veronica Flores

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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