Premium Elite Relationship Manager

Bank of America; Pennington (NJ); On-site; USD 75,000 - 90,000; Full time

Benefits offered by this job

Industry-leading benefits

Access to paid time off

Incentive plan participation

Job summary

Bank of America is looking for a professional in Pennington, NJ, to manage high-net-worth clients with complex trading needs. You will be their primary contact and work to drive asset growth while ensuring a superior client experience.

Ideal candidates will have 3-5 years in investment, required Series 7 and 66 licenses, and strong skills in decision-making, analysis, and interpersonal communication. The position offers a salary between $75,000 to $90,000, and comes with exceptional benefits.

Qualifications

• Minimum 3 - 5 years of investment, trading and brokerage experience required.
• Experience with advanced trading strategies, options, fixed income, and margin required.
• Strong decision-making skills with ability to manage risk and overall client experience.

Responsibilities

• Manage a book of high net worth clients and serve as their primary point of contact.
• Deliver on performance goals, driving asset growth and expanding client relationships.
• Demonstrate knowledge of trading mechanics, fixed income, margin and regulations.

Skills

Investment, trading and brokerage experience

Knowledge of trading mechanics

Analytical and organizational skills

Interpersonal skills

Education

Series 7 and 66 licensing

Tools

Account Management

Trading

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 is core to how we drive Responsible Growth. This includes our commitment to being an 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!

This role is responsible for helping clients with complex trading, servicing and relationship needs. Key responsibilities include managing a book of high-net-worth, self-directed clients, serving as their primary point of contact for all trading needs, operating autonomously to constantly search for opportunities to enhance client delight and advancing our standing as the client’s sole financial institution. Licensing requirements are as follows: Series 7 and 66 or their equivalent. 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 your position requires SAFE Act registration, you will be 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

• Manages a book of high net worth, active self-directed clients and serves as primary point of contact for all of the clients’ trading and servicing needs
• Delivers on performance goals, such as driving asset growth and expanding the breadth and depth of client relationships through product penetration
• Takes a client-focused approach by being a reliable expert on the client’s most complex trading, servicing, and relationship needs and elevating to the status of a trusted counterpart, ultimately winning wallet share
• Demonstrates knowledge of trading mechanics, fixed income, options, margin, and margin regulations
• Executes a disciplined approach to all business development strategies and goals to achieve business growth, while focusing on the client experience
• Develops knowledge of internal policies, procedures, and processes to ensure the most flawless and seamless execution of the most complex trading strategies
• Works seamlessly across all enterprise business lines, including Global Wealth and Investment Management (GWIM), US Trust and Preferred Banking, as well as internal partners within Merrill Edge to deliver a world-class relationship model and improve processes

Required Qualifications

• Minimum 3 - 5 years of investment, trading and brokerage experience required
• Experience with advanced trading strategies, options, fixed income, and margin required
• Series 7 and 66 licensing required
• Confident and engaging presence
• Sound decision-making skills with ability to manage risk and overall client experience
• Strong analytical and organizational skills
• Strong interpersonal skills and the ability to work in a team environment
• Ability to handle multiple tasks in a dynamic environment
• For internal employees; participation in a work from home posture does not make you ineligible to post

Desired Qualifications

• Wealth management and private client experience
• Knowledge of the Enterprise platforms (US Trust, BAC, Advisory)

Additional Skills Used

• Account Management
• Advisory
• Client Experience Branding
• Customer and Client Focus
• Oral Communications
• Active Listening
• Attention to Detail
• Client Solutions Advisory
• Issue Management
• Pipeline Management
• Causation Analysis
• Client Management
• Risk Management
• Trading
• Written Communications

Shift

1st shift (United States of America)

Hours Per Week

40

Pay and Benefits

Location: US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140), US - RI - East Providence - 218 TAUNTON AVE - TAUNTON AVENUE BC (RI1125)

Pay range: $75,000.00 - $90,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Formulaic incentive eligible: 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. Formulaic plans may be comprised of monthly, quarterly and/or annual incentive opportunities. Incentives are earned based on the employee's performance against defined metrics.

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.