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Bank of America Investment Management Specialist in Walnut Creek, California

Investment Management Specialist

Walnut Creek, California

Job Description:

Business Overview

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.

The Investment Management Specialist is responsible for supporting the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through executing on portfolio analysis and sharing expertise in a wide range of investment product areas. Ensure risk profiles, goals, objectives and asset allocations are aligned and reflected properly for each client. Deliver full range of investment products and services across the enterprise ensuring alignment to client goals and strategies while leveraging specialists and applicable investment management tools where appropriate. Partner with internal specialists to deliver holistic investment solutions by identifying targeted investment strategies. Assist in the preparation of client performance review reports to measure progress to goals.

Role Responsibilities

  • Analyze and understand Merrill and third party research

  • Monitor and respond to market and non-financial current events

  • Effectively navigate proprietary planning and investment management tools

  • Deliver investment management, including but not limited to investment proposal, CRC, etc.

  • Monitor and analyze book pricing internally for FA team

  • Convey pricing to ensure client's understanding of the value of advice and accompanying solutions

  • Deep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current market environment

  • Monitor and manage client portfolios to align with client goals, objectives, risk tolerance and time horizons

  • Research portfolio recommendations for Investment Committee review

  • Prepare materials and coordinate weekly Investment Committee meetings

  • Proactively review and manage team proprietary models to align with the Investment Committee decisions

  • Manage ML One variances/enrollments/updates/withdrawals/terminations

  • Serve as Primary/Lead Team Member for processing PIA trades in Portfolio

  • Processing of all trades (discretionary or non-discretionary)

  • Create analytical reports for FAs to review client investment portfolio performances against market returns

  • Propose client recommendations/changes based on client goals, risk tolerance, time horizon and objectives

Qualifications

  • Series 7, 63/65 or 66 or equivalent; must obtain all state registrations in support of Financial Advisor(s) and Advisor Team(s) If Series 7, 63/65 or 66 or equivalent are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.

  • 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”)

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

  • Possess and demonstrate strong communication skills

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

  • Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate risk

  • Ability to make sound decisions by having a deep understanding of investment management best practices and policies/procedures

  • Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in a suitable and controlled way

  • Understanding of how to deliver a strong overall client experience

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

  • Ability to identify opportunities for business growth, develop strategic initiatives and drive to achieve desired results / track success

  • Strong partnership and relationship management skills with ability to analyze and prioritize leads / referrals that maximize team business development strategy

  • Ability to make sound decisions by having a deep understanding of acquisition best practices and policies/procedures

  • Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in a suitable and controlled way

  • Proven ability to manage risk and make sound decisions

Please be advised that under current company policy, Merrill Lynch does not sponsor a visa petition or other work authorization, nor will the company provide relocation assistance, for this position.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21024779

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

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