Bank of America Private Wealth Analyst Investments in Atlanta, Georgia
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.
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.
Private Wealth Analyst - Investments (Exempt)
Define investment philosophy and strategy (e.g., asset allocation, strategic vs. tactical, active vs. passive) and clearly articulate approach to investing that is implemented through a repeatable process
Manage client portfolio’s using a fully documented investment philosophy leveraging Wealth Management tools and review portfolios for potential rebalancing
Establish a clear buy/sell discipline for selecting investment products consistent with client goals and risk tolerance for initiating and selling positions
Implement, manage and deliver via the creation of model portfolios and engage in ongoing performance analysis of various asset classes as well as client education Have deep knowledge of the various Merrill Lynch investment platforms (e.g., MLPA, UMA, PIA, MFA) as well as the available products and solutions and relevant contacts
Conduct ongoing research on markets and investments and follow disciplined process to monitor and respond to external events
Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses
All product 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 : 04/19/2019
Atlanta, GA, 3455 PEACHTREE RD NE (GA7024),
- United States
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
Assistance for Applicants with Disabilities
Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .
Diversity & Inclusion
At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Frequently Asked Questions
Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.
Bank of America
- Bank of America Jobs