Wealth Transaction & Asset Transfer Analyst

Bank of America; Manassas (VA); On-site; USD 38,000 - 50,000; Full time

Job summary

Bank of America Merrill Wealth Management is seeking a hands-on operations professional to oversee moderately complex transaction processing, onboarding, and asset transfers. You will support internal partners and clients with strong attention to policy and process compliance, including FINRA/CRS considerations.

The role involves coordinating onboarding, asset transfers, and cross-team training, with up to 90% travel to branch offices and a standard 40-hour workweek.

Qualifications

• Minimum of 2 years’ experience in an investment operations role.
• Project management experience.
• Proficient in Microsoft Office suite: PowerPoint, Excel, Word, OneNote.
• Excellent time management skills.
• Strong written/verbal communication and relationship management skills.

Responsibilities

• Up to 90% travel to Merrill Branch offices and flexible to meet varying hours/days when necessary.
• End-to-end client onboarding and asset transfer process including systems, documentation, follow-up, and follow-through.
• Create executive level transition tracking progress for each onsite project.
• Facilitate client meetings with FAs and CAs regarding onboarding and asset transfer questions.
• Coordinates training new CAs/and or internal Merrill CAs in taking over transition.
• Assisting Branch personnel in account transfers, Broker Dealer Changes on 529 plans, Life Insurance Policies and LMA processing.
• Ensure rigorous tracking and inspection routines of all onboarding documents for a consistent and compliant performance execution. (FINRA 2273, REG BI and CRS).
• Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to guidelines.
• Responds to moderately complex client inquiries to support operational efficiency and service.
• Responsible for analysis and resolution of moderately complex transactions requiring escalations and exceptions.
• Proactively identifies risk and opportunities for process improvements based on understanding of impact on other units.

Skills

Attention to Detail

Customer and Client Focus

Oral Communications

Prioritization

Problem Solving

Account Management

Analytical Thinking

Coaching

Written Communications

Mentoring

Research

Result Orientation

Education

Undergraduate degree

Job description

Bank of America Merrill Wealth Management is seeking a hands-on operations professional to oversee moderately complex transaction processing, onboarding, and asset transfers. You will support internal partners and clients with strong attention to policy and process compliance, including FINRA/CRS considerations.

The role involves coordinating onboarding, asset transfers, and cross-team training, with up to 90% travel to branch offices and a standard 40-hour workweek.