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Market Investment Executive - Greenwich, CT; Westport, CT

Greenwich, Connecticut;

Job Description:

Business Overview

 

Private Bank, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

 

Private Bank is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage. Private Bank employs more than 4,100 professionals and maintains 135 offices in 33 states.

Job Description

The Market Investment Executive (MIE) leads Portfolio Managers in developing customized investment strategies and delivering investment management services for Private Bank’s high net worth clients.  The MIE reports directly to the Market Executive, overseeing a team of portfolio management and/or Trust Officers. Responsibilities include compliance and budget oversight, coaching and developing PM and/or TO teams within the market. In addition, the MIE is responsible for developing and implementing a strategy to grow the investment management and trust business in conjunction with the Market Executive. The MIE serves as the market’s chief investment officer helping to communicate Private Bank’s thought leadership. 

Based on the needs of other markets in the division, the Market Investment Executive may also assist other MEs in support of their investment needs.

The Market Investment Executive is expected to reinforce a culture of responsible growth, proactive risk management and an enterprise mindset across the market through all roles. The MIE will support the ME in implementing the broader Private Bank strategy and key priorities at a local level, adapting to local market dynamics (i.e., cross-LOB presence, competitor footprint, etc.).

Core Competencies

  • Proven market leadership experience in investment management
  • Deep understanding of high net worth clients’ needs and solutions
  • Ability to effectively manage risks and ensure adherence to policy
  • Expertise in translating strategies into specific goals, tactics, action plans an deliverables
  • Strong business judgment and decision making
  • Demonstrated track record of delivering business results & driving responsible growth
  • Ability to attract, select, develop and retain top talent
  • Communicates in a clear and compelling manner with employees, clients, and enterprise partners (executive presence)
  • Strong foundational end to end knowledge of the business, including our trust platform, banking and credit products, and industry trends

Major Responsibilities

Investment Management:

  • Troubleshoots and resolves investment-related client issues
  • Drives consistent client experience through implementation of centralization and standardization, where appropriate
  • Understands platform; responsible for communication and education of offerings
  • Ensures that we are bringing in business that is appropriate for our platform

Regulatory/Policy Risk Management:

  • Ensures all fiduciary standards, Private Bank/regulatory compliance and risk policies are understood and consistently applied within the market
  • Accountability for key risk and business oversight processes: asset allocation, performance, Reg 9, IPS and daily transaction monitoring/quality


Drives Responsible Growth in the Market:

  • Delivers on key metrics; supports driving responsible growth
  • Executes against Private Bank strategy and priorities, tailored to local market dynamics and competitor footprint
  • Ensures sound decision making on business selection in accordance with risk appetite
  • Promotes consistency of the client investment experience across the market
  • Partners with market leadership to ensure resolution of issues/obstacles

Talent Management:

  • Recruits, hires, develops, retains top talent; supports compensation and resource decisions
  • Coaches across roles on driving responsible growth and risk management
  • Drives employee engagement and culture of inclusion
  • Ensures team members are appropriately trained
  • Acts quickly to address performance issues

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20012129

Manages People: Yes

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus: