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Private Wealth Senior Investment Manager (FP)

Palm Beach Gardens, Florida

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Job Description:

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill 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.

Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.

Merrill is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different backgrounds and bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective.

Job Description:

The Senior Investment Manager is responsible for defining and owning the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through the development of portfolio strategy, and leading a sound investment management process. Would act as team CIO, leading the investment committee for large teams, and working in close partnership with internal specialists to deliver holistic investment solutions by identifying and establishing targeted investment strategies. Strong ability to connect with clients and communicate CIO research in a concise and compelling manner. Ensure risk profiles, goals, objectives and asset allocations are aligned and reflected properly for each client. Senior-level expertise in a wide range of investment product areas and ability to deliver full range of products and services across the enterprise, ensuring alignment to client goals and strategies. Oversee preparation and present client performance review reports to measure progress to goals. Serves as subject matter expert for all investment-related questions that come in from clients. This role is an FA Paid Resource.

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 this position requires SAFE Act registration, employees are 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.

Role Responsibilities

+ Define and own team’s investment management philosophy and process • Establish a scalable, disciplined investment process

+ Build team’s investment and portfolio management knowledge and skills • Supervise research and development of portfolio recommendations for Investment Committee review

+ Lead weekly Investment Committee meetings

+ Oversee the review and management of team proprietary models to align with the Investment Committee decisions

+ Monitor the generation and delivery of investment management tools, including but not limited to investment proposal, CRC, etc.

+ Oversee the management of client portfolios to align with client goals, objectives, risk tolerance and time horizons

+ Develop book pricing model for FA team and oversee analysis on an ongoing basis

+ 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 respond to market and non-financial current events

+ Analyze and understand Merrill and third party research

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

+ Develop and present client recommendations/changes based on client goals, risk tolerance, time horizon and objectives

+ Lead one-on-one and group client facing dialogue and commentary on market trends and overall investment management topics

+ May oversee the work of additional teammates aligned to investment management, provide training and development

+ Engage home office partners and leaders to manage escalation and resolution of complex issues

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”)

+ CFA®, or CIMA® designation preferred or obtain and/or maintain at least one firm approved designation

+ Possess and demonstrate strong communication skills

+ Superior relationship management skills to partner effectively across the entire Wealth Management space

+ 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 through a deep understanding of investment management best practices and policies/procedures with a strong risk mindset

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

+ Minimum of 10 years’ experience performing specialist level responsibilities or equivalent industry experience

Skills:

+ Causation Analysis

+ Financial Management

+ Investment Management

+ Trading Strategy

+ Trading and Investment Analysis

+ Portfolio Analysis

+ Portfolio Management

+ Price Verification and Valuation

+ Trade Monitoring

+ Trading

+ Client Investments Management

+ Client Solutions Advisory

+ Financial Analysis

+ Financial Forecasting and Modeling

+ Wealth Planning

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

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.