Bank Of America Direct Markets Coverage Brokerage Services Financial Advisor United States, New York, New York 737053061
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Job Description:
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.
Role Specifics
A centralized brokerage team to provide dedicated brokerage services to Private Bank clients who don’t have or require a relationship with a local FA team. The Financial Advisor (FA) is a licensed retail broker position that provides investment advice and recommendations to clients. Profiling activities to determine a client investor profile, financial resources objectives, time horizon and preferences. Providing advice and guidance to clients on investment and related planning strategies. Recommendation of investment products and services that are suitable for prospects and clients based on their objectives, resources, time horizon, risk profile, and preferences. Financial Advisors may engage in some mortgage related activities, but others are not permitted unless they are dually employed by MLPF&S and the Bank of America, NA. The requirements for dual employment and the permissible and non-permissible activities are described in Mortgage and Credit Policy in the Merrill Lynch Global Wealth and Investment Branch Office Compliance Manual.
Responsibilities include:
Cover UHNW clients with Capital Markets needs, including transactions and implementation of ideas
Develop and execute on business growth plans, implement good client coverage routines to ensure client satisfaction, present to senior leadership and control partners on business and risk matters
Translate macroeconomic, market analysis and flows color into actionable strategies
Understand the products created within the structuring team and the control, legal and regulatory, accounting and tax environment in which the team is operating
Have familiarity with or specialize in multi-asset classes and transactional experience
Execution and recommendation of investment products, strategies, and services that are suitable for clients based on their objectives, resources, time horizon, risk profile, and preferences
Providing advice and guidance to clients on investment and related planning strategies
Delivery of an appropriate level of service over the lifetime of the client relationship based on the needs and level of sophistication of the client situation;
Effective use of consultative sales and presentation skills for client development, as needed
Staying informed of industry and firm/enterprise product trends and issues
Completing mandated training and continuing education requirements as requested
Strictly adhering to compliance and industry regulations including ongoing monitoring and suitability of products
Owning the lifecycle of a trade idea from generation through execution
Liaising with trading, structing, sales, control partners, and other stakeholders
Price cross asset related products and or quoting structures for FX and Equity Derivatives products
Identifying underlying risks, potential operational issues and incorporating the bank’s internal constraints and controls
Work with trading and sales to generate ideas consistent with client needs and in accordance with trading’s objectives
May travel to support and execute client meetings
High School Diploma / GED / Secondary School or equivalent
Desired Qualifications:
6+ years of experience in a capital markets role, whether sales, sales-trading, origination, or structuring
Experience working with UHNW clients and Family Offices across Capital Markets solutions
Excellent PowerPoint, Excel, Bloomberg and Sharepoint knowledge
Strong organization skills
Ability to work in high pressure environment and meet tight deadlines
Note: this FA position is salary and discretionary incentive eligible.
Advanced degree, and/or CFA, preferred
Series 7 and 66 (or equivalents) required
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