We Hire America Jobs

Business Enablement Executive - Managed Accounts Advisor

Jersey City, New Jersey

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:

Managed Account Advisors (MAA) is an SEC Registered Investment Adviser that is responsible for the implementation of Investment Strategies across Bank of America Global Wealth Management. The Managed Account Advisors Business Enablement Executive supports business strategy development, management, and operating discipline to help achieve defined business goals. The investment solutions and platforms managed by MAA inherently have a high degree of operating complexity and industry change/evolution which requires constant review, strong operating controls, and established frameworks to manage effectively aligned with client needs. The Business Enablement leader is responsible to facilitate the development of an operating plan and framework, in coordination with the leadership team and senior support partners, including clearly defined metrics, priorities, alignment and connectivity across ISG and GWIM aligned to established goals. The leader must have a deep understanding of business unit products, platforms/programs, services and processes and strong analytical capabilities.

Areas of Responsibility:

Strategic Initiatives and Planning

• Identify and prioritize the addition of enhanced investment capabilities to improve client outcomes and accelerate growth.

• Create executable business plans to deliver these capabilities.

• Ensure strong connectivity and alignment with strategic priorities across GWIM, ISG, and client channels including Consumer Investments, MLWM and Private Bank where appropriate.

• Evaluate marketplace innovation, trends, changes, and potential implications to business (risk, opportunities, andconsiderations).

• Partner with MAA/ISG leaders to define technology enhancements responsive to client needs, business opportunities and within our operational risk framework.

• Partner across GWIM to identify opportunities to further streamline and scale the business to deliver overall operational excellence.

Operating Discipline

• Identify / implement opportunities to improve operating model.

• Work collaboratively across the MAA team and broader ISG, GWIM and Enterprise teams.

• Ensure a robust risk management framework & culture.

• Along with the rest of the MAA Leadership team, help to foster an inclusive culture and ensure MAA employee engagement is robust, active, and relevant.

Role Requirements

• 15+ years of financial industry experience

• Demonstrated leadership proficiency in risk mitigation, operating results, and product/platform management.

• Strategic, logical, and creative thinker with an ability to translate strategy into clear objectives and translate pragmatic tactics that drives results.

• Ability to lead through collaboration and proficiency to develop frameworks to drive consistent execution and transparency across the broader teams.

• Experience/knowledge of wealth management organization and business

• Strong analytical skills and financial acumen with ability to identify trends, understand cause and effect.

• Demonstrated industry knowledge. (i.e., clients, competitors, products, etc.)

• Well-developed business judgment and experience.

• Series 65, or 66 preferred, but can be obtained within 120 days of hire

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NJ - Jersey City - 101 Hudson St - 101 Hudson (NJ2101)

Pay and benefits information

Pay range

$162,000.00 - $246,800.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.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 .

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.