Client Service Analyst - Investments

BMO U.S.; Newport Beach (CA); On-site; USD 69,000 - 128,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group in Newport Beach is seeking a seasoned wealth management supporter to provide financial planning execution, advisory support, and client relationship management for the wealth advisory team. You will prepare proposals, analyze client needs, and coordinate onboarding and service delivery across internal and external stakeholders.

The role requires 4-6 years of experience in wealth management, strong knowledge of bank products, and excellent communication skills.

Qualifications

• 4-6 years of relevant experience and a post-secondary degree or equivalent
• Strong knowledge of financial planning and wealth management
• Proficiency with common office and sales management software
• In-depth knowledge of bank products, services and capabilities
• Willingness to influence and identify new business opportunities
• Technical proficiency from education or work experience
• Excellent verbal and written communication skills
• Strong collaboration and teamwork abilities
• Excellent analytical and problem-solving skills
• Strong influencing abilities and data-driven decision making

Responsibilities

• Prepare new business proposals or client presentations
• Identify and share business development opportunities to grow the market
• Develop client relationship plans to maximize lifetime value
• Serve as key service contact for clients
• Own client issues and escalate as needed
• Coordinate with external advisors for clients
• Communicate market trends in wealth management
• Understand client needs and account strategy
• Suggest improvements to service interactions for prospects and clients
• Support strategic initiatives with stakeholders
• Build relationships with internal/external stakeholders
• Ensure alignment between stakeholders
• Monitor performance and address issues
• Create regular and ad-hoc reports and dashboards
• Prepare financial plan reports with data per guidelines
• Update sales tracking, forecasts, pipelines and relationship plans
• May act as Team Lead and coordinate workload
• Monitor client escalations and report on service drivers
• Promote continuous improvement of processes
• Coordinate account opening and onboarding
• Participate in account reviews and action items
• Organize client files and documentation
• Provide administrative support to advisors and portfolios
• Prepare reports for financial plans and prospect presentations
• Support achievement of business plan in territory/region
• Collaborate to build capability and drive growth
• Meet high-quality service standards to retain and grow relationships
• Build rapport and trust with clients
• Adhere to risk and compliance policies and protect client assets
• Safeguard assets and comply with regulatory requirements
• Apply risk management framework in role
• Focus on business within BMO; may have enterprise focus
• Exercise judgment to diagnose and solve problems
• Work independently on complex tasks

Skills

4-6 years experience

Financial planning

Wealth management

Office software

Bank products knowledge

Business opportunity recognition

Technical proficiency

Verbal & written communication

Collaboration & teamwork

Analytical problem solving

Influence skills

Data-driven decision making

Education

Post-secondary degree in related field

Job description

Provides support and product expertise for the financial planning business development, sales and service delivered by wealth advisors and relationship managers. Services relationships in the assigned portfolio to ensure an exceptional client experience. Introduces services to clients to enhance the overall experience.

• Oversees the preparation of new business proposals or presentations to clients / prospects based upon their needs.
• Identifies and shares business development opportunities in the marketplace to help grow the overall market business.
• Builds a relationship development plan for all assigned clients under the direction of wealth advisor / relationship manager to maximize client lifetime value.
• Acts as the key service contact for clients.
• Takes ownership of client issues and collaborates with others to resolve or escalates per guidelines.
• Liaises with external advisors of clients on behalf of the wealth advisor / relationship manager.
• Understands and communicates emerging market trends in wealth management.
• Develops an understanding of the customer needs and the account strategy and effectively communicates this to clients and prospects.
• Make suggestions about how to improve the overall service interaction for prospects and clients.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal / external stakeholders.
• Ensures alignment between stakeholders.
• Monitors and tracks performance, and addresses any issues.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Prepares reports for financial plans; inputs appropriate data according to established guidelines.
• Makes updates to sales tracking, forecast and pipeline, relationship plans, and other databases.
• May act as Team Lead and assist manager in activities such as coordination and scheduling of work, workload management, resource forecasting, quality control, training, coaching team members and problem resolution.
• Monitor, investigate, respond to client escalations and report on fluctuations in drivers of service levels.
• Promotes continuous improvement/cost effectiveness of processes and procedures.
• Recommends continuous improvement opportunities.
• Coordinates account opening procedures and all required client onboarding activities.
• Participates in account review process and completion of required action items.
• Organizes client files and ensures proper documentation.
• Supports the assigned advisors and client portfolio through administrative and transactional support including correspondence, relationship reviews, account documentation and sales reporting.
• Prepares reports for financial plans and prospect presentations with an understanding of the anticipated prospect/client needs.
• Supports the achievement of the business plan within the designated territory / region.
• Collaborates effectively with internal stakeholders to build capability and drive business growth.
• Meets high-quality service standards to maximize relationship retention and growth.
• Develops rapport and instills confidence with the client to develop credibility and earn their trust.
• Follows through on the risk and compliance processes and policies to ensure we safeguard our customers' assets, maintain their privacy, act in their best interests, and ensures an effectively run function.
• Protects the Bank's assets and complies with all regulatory, legal and ethical requirements.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge of financial planning and wealth management.
• Proficiency in office software and sales management software.
• In-depth knowledge of Bank products, services and capabilities.
• Comfortable exploring beyond one's area of technical expertise (i.e. discipline).
• A willingness and aptitude to influence and recognize new business opportunities.
• Technical proficiency gained through education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary

$69,000.00 - $127,800.00

Pay Type

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [e-mail] and let us know the nature of your request and your contact information.