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Business Manager

Merrill Wealth Management
Alpharetta, Georgia
Commensurate with Experience
Closing date
Feb 27, 2024

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Job Role
Financial Advisor
Employment Type
Full Time
Experience Level
1-4 years
CFP® Certification

Job Details

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!

Job Description:
The Business Manager role is a key contributor to a Financial Advisor team in creating strategy and ensuring execution related to multiple metrics and priorities across the teams business plan and goal deliverables. Helps manage the teams business plan and practice financials. Tracks progress with quantifiable business and activity goals and ensures team daily activities aligns with practice metrics, goals and objectives. Coordinates team assignments, projects and key initiatives, and ensures execution of teams client service strategy. Requires a thorough knowledge of the Merrill Lynch Wealth Management business functional area and products. Requires a working knowledge of general bank policies, programs and procedures and financial/accounting practices. 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. This role is an FA Paid Resource.

  • Administrative Services
  • Customer Experience Improvement
  • Project Management
  • Sales Performance Management
  • Strategy Planning and Development
  • Business Acumen
  • Business Analytics
  • Candidate Screening
  • Coaching
  • Continuous Improvement
  • Account Management
  • Process Simplification
  • Reporting

Role Responsibilities:
  • Create and manage team routines (e.g. regular team meetings, communications, team calendars)
  • Conduct team meetings to drive business plan execution • Establish an agreed upon team scorecard and revisit regularly to ensure accountability
  • Create scale and capacity through operational efficiencies and available technology
  • Coordinate and help prioritize work assignments across team to ensure completion
  • Oversee execution of client service strategy and client review processes
  • Track team performance against goals and prior year performance, including identifying key opportunities and success on key programs
  • Establish budget and manage expenses regularly, including Business Development Account(BDA)
  • Assist with the sourcing, assessing, and onboarding of new talent; and the off boarding of transitioning talent

Role Requirements:
  • Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support
  • SAFE ACT Registration
  • Individuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission ("SEC")
  • MBA preferred or obtain and/or maintain at least one firm approved designation
  • Strong leadership abilities, communication and delegation skills
  • Understanding of how to deliver a strong overall client experience
  • Thorough knowledge and understanding of the suite of Wealth Management products and services
  • Proven ability to manage risk and make sound decisions by having a deep understanding of industry regulations, supervisory requirements, and policies/procedures
  • Strong analytical skills with ability to identify trends, root cause and effects, and implement improved processes to increase growth and mitigate risk
  • Ability to influence and demonstrate strong and effective leadership through clear communication and collaboration with other partners to make sound decisions with courage and conviction; demonstrated ability to influence to the desired outcome, without direct authority

Job Band:

1st shift (United States of America)

Hours Per Week:


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