Senior Business Manager
Company: Bank of America
Location: Los Angeles
Posted on: April 1, 2026
|
|
|
Job Description:
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 Business Manager role is a key contributor
to a Financial Advisor team in creating strategy and ensuring
execution related to multiple metrics and priorities across the
teams business plan and goal deliverables. Develops and manages the
teams business plan and practice financials. Manages and drives
complex financial- related initiatives to include: pricing
strategy, profitability compared to revenue and time capacity.
Interfaces with market and division leaders to ensure team strategy
and initiatives support overall division market strategies and
goals. Tracks progress with quantifiable business and activity
goals and ensures team daily activities aligns with practice
metrics, goals and objectives. Manages diverse administrative
functions to include personnel processes and performance monitoring
and coordination of team assignments, projects and key initiatives,
and overall team client service strategy. Requires a thorough
knowledge of the Merrill Lynch Wealth Management business
functional area and products. Requires a working knowledge of
general bank policies, programs and procedures and
financial/accounting practices. 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 Create a business plan that translates practice
vision into goals and regularly monitor and update as needed
Provide leadership around team structure to deliver on the team's
vision, goals, and business plan Establish and align practice
operations to strategic vision Conduct team meetings to drive
business plan execution Establish a pricing strategy aligned to the
team's vision and ensures profitability of practice Define and
communicate clear team roles and responsibilities Serve as a main
point of contact, in partnership with office management team and
HR/supervision, for HR, comp, operations and compliance related
issues Coordinate work assignments across team to ensure completion
Own the overall body of work for the team, delegating work
assignments, monitoring for quality and completion and managing
junior team members as needed Oversee execution of client service
strategy and client review processes Serve as decision maker and
team leader when senior advisors are unavailable Identify areas of
opportunity to leverage specialists to maximize the team's
capabilities in delivering the optimal client experience Establish
budget and manage expenses regularly to include Business
Development Account (BDA) Manage team compensation and incentives,
including FA pools and splits as well as support staff compensation
Lead the sourcing, assessing, hiring, and onboarding of new talent;
and the off boarding of transitioning talent Regularly evaluate
financial "health" of practice and work with equity partners to
discuss any changes 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”) MBA preferred or maintain at least one firm
approved designation Strong leadership abilities, communication and
delegation skills Understanding of how to deliver a strong overall
client experience Thorough knowledge and understanding of the suite
of Wealth Management products and services Proven ability to manage
risk and make sound decisions by having a deep understanding of
industry regulations, supervisory requirements, and
policies/procedures Ability to identify client needs and concerns,
and articulate appropriate approach to align solutions to goals in
a suitable and controlled way Strong analytical skills with ability
to identify trends, root cause and effects, and implement improved
processes to increase growth and mitigate risk Ability to influence
and demonstrate strong and effective leadership through clear
communication and collaboration with other partners to make sound
decisions with courage and conviction; demonstrated ability to
influence to the desired outcome, without direct authority Minimum
of 5 years’ experience performing specialist/analyst level
responsibilities or equivalent industry experience Skills:
Administrative Services Customer Experience Improvement Project
Management Sales Performance Management Strategy Planning and
Development Business Acumen Business Analytics Candidate Screening
Coaching Continuous Improvement Account Management Process
Simplification Reporting Minimum Education Requirement: High School
Diploma / GED / Secondary School or equivalent The following laws
or regulations restrict or prohibit the hiring of individuals with
certain specified criminal history for the position: FDIC; FINRA.
Internal employees who are currently working from home are still
eligible to apply. However, if selected for the role, you may be
required to work onsite in accordance with the workplace excellence
policy Shift: 1st shift (United States of America) Hours Per Week:
40 Pay Transparency details US - CA - Los Angeles - 2049 Century
Park E - CENTURY CITY MAIN OFFICE (CA9159) Pay and benefits
information Pay range $62,000.00 - $96,000.00 annualized salary,
offers to be determined based on experience, education and skill
set. Formulaic incentive eligible This role is eligible to
participate in a formulaic incentive plan. Employees are eligible
for incentives as detailed by the specific line of business
incentive plan provisions. Formulaic plans may be comprised of
monthly, quarterly and/or annual incentive opportunities.
Incentives are earned based on the employee’s performance against
defined metrics. Benefits This role is currently benefits eligible.
We provide industry-leading benefits, access to paid time off,
resources and support to our employees so they can make a genuine
impact and contribute to the sustainable growth of our business and
the communities we serve.
Keywords: Bank of America, Costa Mesa , Senior Business Manager, Accounting, Auditing , Los Angeles, California
