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Bank of America Analyst in Atlanta, Georgia

Job Description:

Business Overview

The Merrill Lunch Private Banking and Investment Group is comprised of 371 Private Wealth Advisors who manage $282 billion for clients with at least $10,000,000 in investable assets. Private Wealth Advisors demonstrate an expertise in leveraging the global resources of Merrill Lynch to deliver highly customized solutions to a limited number of substantial private investors.

Job Description

A top rated 5 person PBIG team with $1 Billion in AUM is looking for a client-facing Investment Analyst to work with the team’s existing client base. This person must be a driven and analytical individual with exceptional investment acumen who can liaise with the team’s high net worth and ultra-high net worth clients and work well in a team oriented environment.

The Analyst (Registered) is a fully paid or firm paid (exception only), salaried, exempt position on the Financial Advisor Team to further develop and service their client base. The Analyst is responsible for implementing and executing the Optimal Practice Model (OPM) in their specific functional role (i.e. Business Development, Business Management, Relationship Management or Investments). Specific accountabilities for the role may vary depending on the team’s practice. Performance is measured by the FA or FA team, along with OMT, through specific goals, metrics, and behavior related to the execution of the OPM function. The Analyst (Non Registered) is a non exempt position for a non -licensed hire lacking a license and/or designation, until fully licensed and designation achieved. The Analyst (Registered) is a non-exempt position for licensed employees that are in progress of completing their designation in 12-months.

Analyst (Non-exempt)

  • This role is a temporary position to allow externally hired individuals to obtain their license within 6 months. If they

  • do not do so, they cannot continue in the role beyond 6 months. At the same time, they have twelve months from license completion to obtain a firm approved designation

  • Obtain license and pursue a firm approved designation

  • Develop and maintain client profiles including analysis of present position and creation of balance sheet and net worth statement. Ensure risk profiles, goals, objectives and asset allocations are appropriate.

  • Utilize Investor Personality Analysis tool

  • Deliver full range of Goals -Based Wealth Management strategies and tools and leverage specialists as appropriate.

  • Partner with internal specialists (e.g., W M bankers, Retirement specialists, PBIG, Trust and Insurance experts) and external advisors to deliver holistic goals-based financial solutions

  • Identify and establish target niche client segments and establish a strong reputation within those markets, as well as the designations to support the practice’s specialization

  • Prepare and present client reports/r reviews and measure progress to goals

  • Maintain and execute a well-developed and clear marketing planAnalyst Registered (Non-exempt)

  • This role is a temporary position to allow externally hired individuals and internally transferred employees to obtain their designation within 12-months. Employees selecting designations with lengthier completion times will be granted the term identified by the designation organization to complete. Failure to complete the designation level per the recommended time frame will result in the employee removed from the role.

  • Pursue firm approved designation

  • Develop and maintain client profiles including analysis of present position and creation of balance sheet and net worth statement. Ensure risk profiles, goals, objectives and asset allocations are appropriate.

  • Utilize Investor Personality Analysis tool

  • Deliver full range of Goals -Based Wealth Management strategies and tools and leverage specialists as appropriate.

  • Partner with internal specialists (e.g., W M bankers, Retirement specialists, PBIG, Trust and Insurance experts) and external advisors to deliver holistic goals-based financial solutions

  • Identify and establish target niche client segments and establish a strong reputation within those markets, as well as the designations to support the practice’s specialization

  • Prepare and present client reports/r reviews and measure progress to goals

  • Maintain and execute a well-developed and clear marketing planSpecific Accountabilities:

  • Develop and service client segments and the next generations and beneficiaries.

  • Develop, profile, and qualify new prospective clients through practice client acquisition strategies

  • Organize client events, referral alliances, and targeted seminars with a focus on strategic networking, sourcing and introductions

  • Implement Goals-Based Wealth Management process utilizing current tools and technologies for clients and prospects.

  • Gather additional assets from existing client base and deepen relationships by partnering with all GWIM partners to deliver full breadth of solutions.

  • Coordinate technological support through the development of portfolio analysis, proposals and direct mail campaigns utilizing Salesforce and other tools and resources.

  • Provide technical expertise in certain product areas (e.g. Corporate 401(k), Rule 144, Insurance, Wealth Management Workstation )

  • Provide marketing and organizational support. May support additional activities included in Good/Better/Best of OPM Requirements:

  • Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses

  • All state licenses in support of FA or FA Team’s client base

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

  • Safe Act Registered

  • Bachelor’s Degree required

  • CFA Designation or progress towards obtaining one’s CFA strongly preferred

  • Knowledge of investment and banking products, policies & procedures is required

  • Strong client service & technical skills (MS Word & Excel)

  • Strong communication, time management and organizational skills are required

  • 2-4 years of experience in the financial services industry preferred

  • Experience in portfolio construction and analysis software (Bloomberg, Factset, etc.) is preferred

  • Knowledge of modeling techniques, such as mean-variance optimization, performance and risk attribution

  • Knowledge of professionally managed investment products and/or wealth management business preferred

  • Strong communication, interaction and presentation skills required

  • Be flexible and adaptable

  • Self-motivated, positive attitude and high energy are a must

  • Ability to work effectively in a team environment while achieving individual goals

Posting Date : 05/01/2019

Location :

Atlanta, GA, 3455 PEACHTREE RD NE (GA7024),

  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 37.5

Shift : 1st shift

Assistance for Applicants with Disabilities

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