Private Bank Market Leader

Bank of America; Minneapolis (MN); On-site; USD 210,000 - 307,000; Full time

Benefits offered by this job

Discretionary incentive

Industry-leading benefits

Job summary

Bank of America in Minneapolis seeks a senior leader to drive market share growth and act as a bank ambassador to the business community. You will support the Market Executive in strategy, coach and recruit talent, and attend client meetings with the market leadership team.

The role emphasizes delivering for clients, risk management, and cross-LOB collaboration. A strong background in Private Bank services and executive presence is essential.

Qualifications

• FINRA licenses required and a track record of delivering business results.
• Deep understanding of high net worth client needs and solutions.
• Strong business judgment and decision making.

Responsibilities

• Lead a team focused on maintaining and growing the Bank's market share.
• Assist the Market Executive with establishing and executing market strategy.
• Develop talent and attend client meetings with market leadership.
• Oversee team performance, champion change, implement strategies for clients and employees.
• Ensure regulatory compliance and risk policies are understood and applied.
• Establish strong relationships with key clients, COIs, and business partners.
• Participate in compensation/resource decisions and collaborate on employee development.

Skills

FINRA Licenses S7/S66/S63/S65/S24

Sales leadership

High net worth needs

Strategic thinking

Executive presence

Talent development

Relationship management

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 leading a team focused on maintaining and growing the Bank's market share while serving as a bank ambassador to the business community. Key responsibilities include assisting the Market Executive with establishing and executing the market strategy, developing talent, and attending client meetings with the market leadership team. Job expectations include overseeing overall team performance, championing change, and ensuring the right strategies are implemented to deliver solutions for both clients and employees.

Responsibilities

• Deliver for Clients: Ensures delivery of the investment and fiduciary platform, credit and banking solutions, and digital capabilities to clients
• Inspects routines and processes to ensure quality meaningful interactions that improve the overall client experience
• Analyzes client team performance and key metrics to determine areas of opportunity and follows-up with targeted solutions/coaching
• Participates in targeted pre-calling planning and joint calling with teams to help close business and identify development needs
• Risk Management: Ensures Private Bank/regulatory compliance and risk policies are understood, align with our risk framework and are consistently applied within the market
• Escalates key risk issues to ensure timely and effective resolution
• Drives Responsible Growth in the Market: Executes against Private Bank strategy and priorities tailored to local market dynamic and competitor footprint
• Supports market routines, including CMP execution and BCE adoption to deliver the enterprise and drive cross-LOB referrals and business integration targets
• Establishes strong relationships with key clients, prospects, COIs and business partners
• Talent Management: Recruits, hires, develops and retains talent
• Participates with leadership team on comp and resource decisioning
• Collaborates with market leadership and key partners to support employee development

Required Skills

• FINRA Licenses Required: S7, S66 OR S63 & S65, S24
• Demonstrated track record of delivering business results and driving responsible growth as a sales practitioner and/or sales leader
• Deep understanding of high net worth clients’ needs and solutions
• Strong business judgment and decision making
• Ability to attract, select, diagnose performance gaps to develop and retain talent
• Deep and wide knowledge of Private Bank and enterprise capabilities with ability to work collaboratively to make connections, resolve issues & remove obstacles
• Communicates in a clear and compelling manner with employees, clients, and enterprise partners (executive presence)
• Strong influencing, listening, probing & relationship management skills (high EQ)

Shift & Hours

Shift: 1st shift (United States of America)

Hours Per Week: 40

Location

US - MN - Minneapolis - 80 S 8TH ST - IDS CENTER (MN1150)

Pay Range

Pay range $210,000.00 - $307,200.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary Incentive

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.

Privacy Statement

Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice

Company Culture & Values

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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.

Pay Transparency

Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency