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Private Bank Senior Associate - New Haven

Company: Disability Solutions
Location: New Haven
Posted on: June 11, 2024

Job Description:

Job Description: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.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Summary:The Private Bank Senior Associate (PBSA) is a specialist position that has primary responsibility for supporting all client needs including discussions and/or activities typically focused on the most complex clients. PBSAs monitor and execute all tasks required to fulfill the client service plan and meet day-to-day inquiries from the client.Leveraging experience and expertise in supporting needs, the PBSA manages the execution of client service activities such as initiating and monitoring account opening and asset transfers, handling client inquiries, and coordinating with specialists and service centers to deliver an integrated service to the client.Job Description:

  • Actively support Client Teams in delivering consistently high-quality banking, credit, trust, fiduciary, and investment services to the most complex Private Bank clients
  • Support fulfillment of large and/or complex client needs and expectations across all products and serve as a "triage" point for specialists and service centers including but not limited to account setup, monitoring and maintenance (overdrafts, fraudulent activities, etc.), wire processing, business and credit card applications, foreign currency orders, credit and lending
  • Coordinate with specialists including Trust, Family Office, Investments and Custody officers as well as centralized service centers to deliver an integrated service to the client and identify and resolve issues in an effective and timely manner
  • Leverage experience and expertise to initiate and monitor complex client interactions and onboarding including account opening and asset transfer; handling client inquiries related to the on-boarding process; KYC refresh and ongoing requests, digital engagement and fulfillment
  • Interact with the client to complete necessary transactions (e.g., deposits, money movement, transfers, etc.) and account maintenance
  • Manage and execute client transactions with respect to business and individual Bank, credit, and investment products (may be performed by service center at PBSA's request based on transaction type). Ensure transactions are completed within audit and compliance standards as well as timely execution.
  • Participate in Client Management Process (CMP) activities including supporting delivering a branded client experience and meaningful interactions
  • Develop referrals for credit and Bank products
  • Support Client Team in all sales support and administrative functions as needed including pipeline reporting, marketing and business development, client/prospect presentations, expenses, printing, faxing, calendar & email management, client events, communication and travel & entertainment reservations
  • Ensure adherence to all internal policies and compliance to legal and regulatory requirements including client verificationQualifications
    • Minimum of 4-5 years' experience with a financial institution focusing on high net worth client service and sales
    • Ability to successfully complete assessment of critical skills
    • Ability to obtain and maintain SAFE Act registrationSkills
      • Account Management
      • Attention to Detail
      • Customer and Client Focus
      • Prioritization
      • Written Communications
      • Active Listening
      • Adaptability
      • Critical Thinking
      • Decision Making
      • Issue Management
      • Collaboration
      • Customer Experience Improvement
      • Recording/Organizing Information
      • Referral IdentificationDesired SkillsBS/BA degree in Business, Finance or Economics desiredMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, New Haven , Private Bank Senior Associate - New Haven, Accounting, Auditing , New Haven, Connecticut

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