Bank of America Administrative Manager - San Francisco, CA in San Francisco, California
Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals and businesses. With 10,869 Financial Advisors and $1.9 trillion in client balances as of December 31, 2015, Merrill Lynch is among the largest businesses of its kind in the world.
Merrill Lynch Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance. Merrill Lynch’s financial advisors help clients pursue the life they envision through a one-on-one relationship with a financial advisor committed to their needs — an advisor with access to the investment insights of Merrill Lynch and the banking convenience of Bank of America.
The Administrative Manager (AM) reports to the Merrill Lynch Wealth Management Market Executive (MLWM ME) with dual reporting to the Division Administrative Manager (DAM). The AM is a member of the Branch Leadership Team, along with the Client Relationship Manager. The AM supports the Firm's business objectives and contributes to the Market's profitability by influencing FA business practices in ways that minimize regulatory and financial risk as well as uphold the Firms' reputation. Ultimately, the AM protects the Firm, grows the business and serves the client by proactively managing and mitigating risk.
The Administrative Manager functions as a member of the branch leadership team, responsible for a wide variety of delegated compliance, administrative and business functions related to the MLWM ME's overall managerial responsibilities for parent and associate offices. He or she functions independently, or with minimal guidance, but must keep the MLWM ME informed on significant matters and must determine when the MLWM ME should be directly involved. The Administrative Manager supports the company's business objectives and contributes to branch office profitability by influencing Financial Advisor business practices in ways that minimize regulatory, financial and reputational risks.
The ideal candidate is a self motivated, client centric individual who has:
Series 7, 66, 9, 10 (or equivalent) Licenses required
Series 3, 31 licenses, if warranted
Proven ability to manage risk, make sound decisions by having a deep understanding of industry regulations, supervisory requirements, policies/procedures, wealth management concepts, and financial services products
Ability to speak in terms of client needs and concerns, and coach financial advisors on aligning solutions to goals in a suitable and controlled way
A deep appreciation and understanding of our client centric strategy
Strong interpersonal skills to provide coaching to Financial Advisors to mitigate risk through segmentation, disciplined investment practices, and documentation
Strong analytical skills with ability to identify trends, root cause and effects, and implement improved processes to mitigate risk
Demonstrated a strong and effective leadership style through clear communication and collaboration with others, making sound decisions with courage and conviction
Strong time management and organization skills with the ability to prioritize appropriately
If currently an internal associate completion of Merrill Lynch Associate Administrative Manager program and/or currently hold Merrill Lynch Market Administrative Manager role
Bank of America will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law applicable to Bank of America.
Posting Date : 07/25/2017
San Francisco, CA, 555 California St (CA5705),
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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