Private Client Manager I

Bank of America; Melville; On-site; USD 110,000 - 150,000; Full time

Job summary

An established industry player is seeking a dedicated professional to expand client relationships and deliver exceptional banking services. In this role, you will deepen connections with clients by offering tailored banking and credit products while collaborating with a team to enhance the overall client experience. This position requires a strong background in managing high-net-worth clients and a commitment to continuous learning and development. Join a company that values diversity, inclusivity, and employee growth, and make a meaningful impact in the financial lives of clients.

Qualifications

• 7+ years of experience managing relationships with high-net-worth clients.
• Strong interpersonal and partnership skills are essential for success.

Responsibilities

• Deepen client relationships by offering banking and credit products.
• Encourage the use of digital capabilities to enhance client experience.

Skills

Client Management

Client Solutions Advisory

Loan Structuring

Relationship Building

Analytical Thinking

Oral Communications

Referral Management

Account Management

Attention to Detail

Decision Making

Education

High School Diploma / GED

MBA or Post-Graduate Degree

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for expanding client relationships. Key responsibilities include working with clients who have smaller, less complex books to deepen the existing relationship. Job expectations include relying upon the broader client team for more complex conversations with the client. 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 this position requires SAFE Act registration, employees are 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.

Responsibilities:

• Deepens existing client relationships by offering basic banking and credit products (i.e., personal credit lines, mortgages)
• Partners with team members to grow the existing books' balances and Year over Year revenue
• Encourages use and adoption of digital capabilities to enhance the client and client team experience
• Builds relationships with internal and external partners and centers of influence
• Builds and expands expertise to ensure clients receive high-quality advice and services aligned to their unique needs
• Collaborates with client team members and receives coaching and development from Private Client Managers

Required Qualifications:

• Series 7, 63 and 65 (or Series 7 and 66); unlicensed candidates may be considered if willing to obtain licenses within a standard time frame of 90 days per exam after the first working day in this position
• 7+ years of successful experience in managing relationships with high-net-worth clients or equivalent financial services/business experience
• Excellent ability to work in a team environment
• Strong interpersonal and influence / partnership skills
• Significant knowledge of banking and credit; general understanding of investments, trust and wealth transfer

Desired Qualifications:

• MBA or Post-Graduate Degree
• CFP, CPA, CFA, CTFA, CFM or JD a significant plus

Skills:

• Client Management
• Client Solutions Advisory
• Loan Structuring
• Relationship Building
• Analytical Thinking
• Oral Communications
• Referral Management
• Account Management
• Attention to Detail
• Decision Making

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details:

Pay range: $110,000.00 - $149,100.00 annualized salary, offers to be determined based on experience, education and skill set. This role is eligible to participate in a formulaic incentive plan. Employees are eligible for incentives as detailed by the specific line of business incentive plan provisions.

About Us:

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.