PWM Market Executive

2 weeks ago

St Louis, Missouri, United States Bank of America Full time
Job Description:

The Private Bank Market Executive is a key role within the Bank of America organization, responsible for driving responsible growth and financial performance in their respective market. This individual will develop and implement the market strategy, ensuring alignment with the Private Bank's overall objectives.

Key Responsibilities:
  • Drive Responsible Growth:
    • Deliver on key business and financial metrics
    • Execute against Private Bank strategy and priorities, tailored to local market dynamics and competitor footprint
    • Ensure sound decision making on business selection in accordance with risk appetite
    • Manage market's trust risks, adherence to administrative metrics, and ensure trust policy adherence
    • Decisions resource allocation in market, including headcount and marketing priorities
  • Deliver for Clients:
    • Responsible for client satisfaction and retention
    • Drive delivery of the investment and fiduciary platform credit and banking solutions and enterprise capabilities to clients
    • Own final decisions on client team composition and book distribution upon advisor departures
    • Partner with CME to ensure resolution of issues/obstacles
    • Engage directly with key clients and prospects, including oversight of the at-risk client process and direct engagement with at-risk clients
  • Talent Management:
    • Recruits, hires, develops, and retains talent
    • Coaches across roles on driving responsible growth and risk management
    • Drive employee engagement and culture of inclusion
    • Gets to know top and key diverse talent in the market, externally and across BAC lines of business
    • Acts quickly to address performance issues
  • Delivers One Company:
    • Responsible for delivering the bank to Private Bank clients and prospects, based on their individual needs and goals
    • Delivers on cross-LOB referral and pull-through targets
    • Serves as face of Private Bank in the market to enterprise partners, market president team and in the local community
    • Drives an enterprise mindset and referral activity across disciplines
    Requirements:
    • Strong business judgment and decision making, particularly on issues relating to business selection, risk management, talent and performance management, enterprise partnerships, financial management and problem resolution
    • Demonstrated track record of delivering business results & driving responsible growth
    • Ability to attract, select, develop, and retain top talent across job families
    • Communicates in a clear and compelling manner with employees, clients, and enterprise partners (executive presence)
    • Strong foundational end to end knowledge of the business, including the fiduciary and investment platform, banking and credit products, and industry trends
    • Bachelor's Degree preferred. Advanced certifications a plus
    Work Environment:

1st shift (United States of America)

40 hours per week

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