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Wealth Management Specialist-NPD

Bank of America

Bank of America

Accounting & Finance
Manchester, NH, USA · United States · Remote
Posted on Saturday, May 25, 2024

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. 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!


This EGP Specialist Trainee is a training program to develop and prepare candidates to further develop and service the FA Teams client base. The Trainee role allows EGP Specialist to achieve the appropriate designations before taking on the full EGP Wealth Management Specialist role. This position operates in a marketing and sales development role by implementing and executing the Elite Growth Practice (EGP). Specific accountabilities for the role may vary depending on the teams practice. Performance is measured by the FA or FA team through specific goals, metrics, and behaviors related to the execution of the EGP model. 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.

Requirements: Either SIE, Series 7 and 66 registrations or SIE, Series 7, 63, and 65. This role is an FA Paid Resource.

Responsibilities:

  • Provides quality client service and effective operations support by resolving client issues and analyzing data to address risk issues and trends

  • Escalates issues and provides resolution on complex inquiries, requests, and problems related to client concerns

  • Documents client interactions and provides team members with time sensitive updates

  • Attends client review meetings to capture notes, document in Salesforce, and tracks all actions/activities to ensure the highest level of client service is provided

  • Provides advice and assists with training for team members

Required Qualifications:

  • Series 7, 63/65 or 66 or equivalent; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support

  • SAFE ACT Registration; ADV-2B Required

  • Obtain and/or maintain at least one firm approved designation

  • Demonstrated expertise and impact in at least two of the following specialized functions: Wealth Planning, Investment Management, Business Development, Business Management and/or Relationship Management

  • Possess and demonstrate strong communication skills

  • Demonstrate an understanding of how to deliver a strong overall client experience

  • Thorough knowledge and understanding of the suite of Wealth Management products and services

  • Detail oriented with strong organizational skills, and ability to manage multiple tasks and priorities at once

  • Strong partnership and relationship management skills; ability to work across EGP functions and organizational lines/levels

  • Ability to influence and demonstrate clear communication and collaboration with others to make sound decisions without direct authority

  • Analytical skills with ability to identify trends, root cause and effects, and implement improved processes to increase growth and mitigate risk

  • Ability to identify client needs and concerns and articulate appropriate approach to align solutions to goals to support responsible growth​

Skills:

  • Account Management

  • Business Acumen

  • Customer Service Management

  • Client Management

  • Portfolio Management

  • Referral Identification

  • Referral Management

  • Relationship Building

  • Administrative Services

  • Process Simplification

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week:

37.5