~14d ago

Private Wealth Investment Management Specialist

OperationsManagement

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Quick Summary

Key Responsibilities

Maintains an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools Monitors, analyzes,

Technical Tools

OperationsManagement

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

Responsibilities

~2 min read

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Maintains an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools
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Monitors, analyzes, and reviews the current market environment and research portfolio recommendations
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Monitors and manages client portfolios to align with client goals, objectives, risk tolerance, and time horizons
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Reviews and manages team proprietary models to align with current market assumptions by participating in CIO and manager updates and reviewing reports and allocation updates
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Creates analytical reports for Financial Advisors to review client investment portfolio performances against market returns
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Assesses and shares pricing findings with clients to ensure understanding of the value of advice and accompanying solutions
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Analyze and understand Merrill and third party research
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Monitor and respond to market and non-financial current events
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Effectively navigate proprietary planning and investment management tools
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Deliver investment management tools, including but not limited to investment proposal, CRC ,etc.
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Monitor and analyze book pricing internally for FA team
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Convey pricing to ensure client's understanding of the value of advice and accompanying solutions
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Deep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current market environment
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Monitor and manage client portfolios to align with client goals, objectives, risk tolerance and time horizons
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Research portfolio recommendations for Investment Committee review
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Prepare materials and coordinate weekly Investment Committee meetings
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Proactively review and manage team proprietary models to align with the Investment Committee decisions
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Manage ML One variances/enrollments/updates/withdrawals/terminations
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Serve as Primary/Lead Team Member for processing PIA trades in Portfolio
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Processing of all trades (discretionary or non-discretionary)
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Create analytical reports for FAs to review client investment portfolio performances against market returns
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Propose client recommendations/changes based on client goals, risk tolerance, time horizon and objectives

Requirements

~1 min read

Series 7 & 66 (or combination of both Series 63 & 65), must also obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support
Maintain at least one firm approved designation
SAFE Act Registration; ADV-2B Required
Possess and demonstrate strong communication skills
Thorough knowledge and understanding of the suite of Wealth Management products and services
Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate risk
Ability to make sound decisions by having a deep understanding of investment management best practices 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

CFA designation
Strong technical & analytical experience
Advanced trading experience & expertise

1st shift (United States of America)

Causation Analysis
Financial Management
Investment Management
Trading Strategy
Trading and Investment Analysis
Portfolio Analysis
Portfolio Management
Price Verification and Valuation
Trade Monitoring
Trading
Client Investments Management
Client Solutions Advisory
Financial Analysis
Financial Forecasting and Modeling
Wealth Planning

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

Pay and benefits information

Pay range

$60,000.00 - $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.