Jobs · Finance · Minnesota

Private Bank Market Leader

Bank of America · Minneapolis, MN · 1 wk ago
FinanceFull-time

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth and deliver for our clients, teammates, communities and shareholders every day. We foster an inclusive workplace where every teammate has the opportunity to succeed, build a career, and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting teammates’ physical, emotional, and financial wellness through affordable, competitive, and flexible benefits. We value diverse perspectives shaped by military service, community college education, and varied work and life experiences, which strengthen our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development, with clear in-office expectations and flexibility based on role-specific responsibilities and business needs.

About the role

This role is responsible for leading a team focused on maintaining and growing the Bank's market share while serving as a bank ambassador to the business community. Key responsibilities include assisting the Market Executive with establishing and executing the market strategy, developing talent, and attending client meetings with the market leadership team. Job expectations include overseeing overall team performance, championing change, and ensuring the right strategies are implemented to deliver solutions for both clients and employees.

Responsibilities

  • Deliver for Clients:
    • Ensures delivery of the investment and fiduciary platform, credit and banking solutions, and digital capabilities to clients
    • Inspects routines and processes to ensure quality, meaningful interactions that improve the overall client experience
    • Analyzes client team performance and key metrics to determine areas of opportunity and follows up with targeted solutions/coaching
    • Participates in targeted pre-calling planning and joint calling with teams to help close business and identify development needs
  • Risk Management:
    • Ensures Private Bank/regulatory compliance and risk policies are understood, align with our risk framework, and are consistently applied within the market
    • Escalates key risk issues to ensure timely and effective resolution
  • Drives Responsible Growth in the Market:
    • Executes against Private Bank strategy and priorities tailored to local market dynamics and competitor footprint
    • Supports market routines, including CMP execution and BCE adoption to deliver the enterprise and drive cross-LOB referrals and business integration targets
    • Establishes strong relationships with key clients, prospects, COIs, and business partners
  • Talent Management:
    • Recruits, hires, develops, and retains talent
    • Participates with leadership team on compensation and resource decision-making
    • Collaborates with market leadership and key partners to support employee development

Requirements

  • FINRA Licenses Required: S7, S66 OR S63 & S65, S24
  • Demonstrated track record of delivering business results and driving responsible growth as a sales practitioner and/or sales leader
  • Deep understanding of high net worth clients’ needs and solutions
  • Strong business judgment and decision-making ability
  • Ability to attract, select, diagnose performance gaps, develop, and retain talent
  • Deep and wide knowledge of Private Bank and enterprise capabilities with ability to work collaboratively to make connections, resolve issues, and remove obstacles
  • Communicates in a clear and compelling manner with employees, clients, and enterprise partners (executive presence)
  • Strong influencing, listening, probing, and relationship management skills (high EQ)

Schedule

1st shift (United States of America), 40 hours per week.

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