Human Resources Manager - Merrill Wealth Management

Bank of America; Pennington (AL); On-site; USD 120,000 - 160,000; Full time

Job summary

Bank of America is seeking an HR Manager to shape and implement HR strategies for large business units within Merrill Wealth Management. The role partners with senior executives to drive organizational effectiveness, talent development, and engagement across the bank.

In this position you will lead HR initiatives, advise leadership, manage workforce analytics, and ensure programs align with enterprise culture and conduct principles. 40-hour weeks, traditional in-office setting in Pennington, NJ.

Qualifications

• 5+ years of HR experience across all HR areas.
• Experience advising senior leaders on HR strategy and partnerships.
• Strategic enterprise/global mindset to drive change.
• Strong communication, analytical, and data-driven problem solving.
• Experience in fast-paced, complex environments.

Responsibilities

• Manages strategic delivery of HR priorities across talent acquisition, performance management, compensation, and employee engagement.
• Applies operational excellence, organizational health, and inclusion lenses across HR processes.
• Partners with leaders to align programs with Enterprise culture and conduct principles.
• Manages headcount reporting, analytics, financials/expenses, promotions, and cross-HR initiatives.
• Collaborates on compensation guidance at individual and aggregate levels with focus on expense management.
• Uses HR data reporting tools to inform strategic decisions.
• Leads and participates in LOB HR initiatives.

Skills

HR Strategy

Executive Communication

Analytical Skills

Project Management

People Analytics

Change Management

Relationship Building

Business Acumen

Decision Making

Fiscal Responsibility

Leadership Development

Strategic Thinking

Workforce Planning

Influence

Strategy Planning

Job description

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by 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.

Bank of America 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 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 developing Human Resources (HR) strategies that impact large, complex business units within a major Line of Business (LOB). Key responsibilities include developing and executing tactical plans at the business unit level to achieve strategic objectives and organizational effectiveness. Job expectations include driving a wide range of HR activities and supporting functions across the bank such as talent acquisition, compensation, employee relations, regulatory compliance, performance management, and employee engagement and development.

The Human Resources Manager will join the Merrill Wealth Management HR Team to partner with Senior line-of-business executives to execute HR strategies. This role may be responsible for HR projects that span across Merrill Wealth Management and serve as a key integration point across the generalist and specialist teams.

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.

Responsibilities

• Manages the strategic delivery of Enterprise and Line of Business (LOB) specific Human Resources (HR) priorities in addition to ensuring organizational effectiveness across talent acquisition, performance management, talent development and learning, succession planning, compensation, etc.
• Applies lenses of operational excellence, organizational health, and opportunity and inclusion across all HR people processes
• Partners with business leaders to ensure that programs and practices are in alignment with Enterprise culture and conduct principles, serving as a trusted advisor to leadership
• Manages and influences critical workforce activities, including but not limited to headcount reporting and analytics, financials/expenses, promotions, opportunity and inclusion, performance, talent management, and key cross-HR initiatives
• Collaborates with compensation, talent acquisition, and business partners to provide appropriate guidance on employee compensation, both at an individual level as well as in aggregate, while maintaining a focus on expense management
• Leverages reporting tool results shared by HR Consultants to inform effective and strategic decision making
• Leads and participates in LOB HR initiatives

Required Qualifications

• 5+ years of HR experience - broad experience across all areas of HR
• Experience in client management around complex strategic HR issues such as talent management, employee relations, org design/development, change management, headcount
• Experience consulting with senior business leaders on HR strategy and building effective partnerships across Talent, Talent Acquisition, Compensation, Employee Relations, Shared Services, Finance, and other key stakeholders.
• Experience using a strategic enterprise/global mindset to proactively drive change, support business results and execute on key initiatives
• Proven ability to influence using a balance of technical HR expertise, outstanding verbal and written communication skills, business acumen, and relationship skills
• Possess strong analytical capabilities with demonstrated experience understanding and developing problem statements and fact finding to develop data-driven solutions
• Intellectually curious to understand the work of our clients and consider new ways to advance People priorities
• Demonstrated project management, analytical, presentation, and Microsoft Office skills, with strong attention to detail and execution.
• Experience managing in a fast-paced, rapidly changing, and highly complex environment

Desired Qualifications

• HR Generalist Experience
• Experience leading projects
• AI-first approach to generalist work
• Knowledge of Wealth Management and the regulatory environment
• Business acumen with risk management mindset to uncover hidden opportunities that create value through improved process and innovation

Skills

• Adaptability
• Executive Presence
• Leadership Development
• Prioritization
• Relationship Building
• Consulting
• Decision Making
• Fiscal Responsibility
• Problem Solving
• Workforce Planning
• Business Acumen
• Influence
• Project Management
• Strategy Planning and Development
• Workforce Analytics

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NJ - Pennington - 1500 American Blvd - Hopewell Bldg 5 (NJ2150)

Pay and benefits information

Pay range

Pay range

$120,000.00 - $160,000.00 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.