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Type of Role: Investments

Experience Level: Managing Director/CIO

Location: Newport Beach, California

Salary: $250K - $325K

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. Details below.

Job Description:
The Market Investment Executive (MIE) oversees the expansion of investment business for high net worth clients. The MIE serves as the market’s chief investment officer, helping to communicate the firm’s thought leadership.

Responsibilities include developing customized investment strategies, expanding the business and delivering investment management services, risk management, compliance, coaching and developing all investment talent. MIEs partner closely with the ME and other leaders in the market, to deliver on strategic growth priorities, in addition to supporting the Client Management Process (CMP) to deliver a Branded Client Experience (BCE). The MIE is expected to reinforce a culture of responsible growth, proactive risk management and delivering the enterprise through business integration.

The MIE reports to the Market Executive, overseeing a team of Portfolio Managers and/or Trust Officers. Based on the needs in the division, the MIE may also support additional markets.

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

  • Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I goals.
  • Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
  • Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
  • Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
  • People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
  • Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
  • Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
  • Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

The Market Investment Executive needs to insure that his/her team produce investment solutions for their clients that exceed client expectations while driving corporate initiatives to reduce dispersion and improve efficiency; that produce appropriate asset allocation through diversification of their book of business; that build excellent client  relationships by providing a “high touch” level of service; and that assure  sound risk management practices are followed.

Required Skills:

The ideal candidate will have 7 to 10 years of proven leadership experience in an investment management environment which emphasizes high net worth investing.  He/she will have demonstrated, excellent management and communication skills with a proven track record as a mature consensus and team builder.   Previous accomplishments in a similar position will include:  Managing a team of investment professionals in the delivery of world class investment solutions.  Growing and retaining a client base while enhancing efficiency.  Proven success in integrating business development, portfolio management, and trust services to provide excellent client relationship management and services will be essential.

The successful candidate will be adept at business development and retention; a proprietary book of business would be advantageous, but not essential.

A bachelor’s degree in a business related area is required; a MBA or CFA (Chartered Financial Analyst) / CAA (Chartered Asset Allocator) would be highly preferable.

Skills:

  • Client Management
  • Decision Making
  • Portfolio Analysis
  • Portfolio Management
  • Risk Management
  • Business Acumen
  • Customer and Client Focus
  • Inclusive Leadership
  • Problem Solving
  • Strategic Thinking
  • Employee Counseling
  • Leadership Development
  • Performance Management
  • Relationship Building
  • Talent Development