Senior Associate, Wealth Manager

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.    

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about. 

As a leading wealth manager, BNY Wealth Management is focused on helping successful individuals and their families build, manage and sustain their wealth across generations and market cycles. Through a unique service model focused on five Active Wealth practices — Investing, Borrowing, Spending, Managing Taxes, Protecting Legacies — they help clients in the U.S. and abroad achieve stronger after-tax performance to help maintain their wealth over generations.

We’re seeking future team member for our Senior Associate, Wealth Manager role located in Los Angeles, CA. Hybrid work available.

In this role, you’ll make an impact in the following ways:

• The AWM (Associate Wealth Manager) provides support to the Wealth Managers in managing, retaining and growing existing client relationships. 
• Responsibilities include: Preparing balance sheets, calculating wealth projections, recommending and executing portfolio rebalancing programs, cash management, verifying client objectives and analyzing investment performance. 
• At the guidance of the Team Leader, the AWM may also have independent responsibility for managing some client relationships with the Wealth Advisory segment. 
• The AWM independently evaluates and pursues new business opportunities and client prospects, focusing on responsible business growth that is compliant, of acceptable risk and profitable. 
• Serves in a consultative role to prospects, advising UHNW and HNW parties on the best way to achieve their short- and long- term strategic objectives through the firm's solutions. Pursues clients and centers of influence with complex strategic needs and responsible for generating new revenue by way of increased flows and future fees. 
• Client service (30%): Frequent and regular/scheduled interaction with clients, including in-person client meetings. Serve as clients’ primary point of contact and are responsible for ensuring that all of WM’s resources are provided to clients in the Active Wealth framework.
• Portfolio/Investment administration (30%): Preparing balance sheets, calculating wealth projections, recommending and executing portfolio rebalancing programs, cash management, verifying client objectives and analyzing investment performance.
• Business development (20%): Utilizing technology and client's net worth statement to introduce BNY's capabilities and bringing insights to the Wealth Managers. Directly contributes to the team and personal goals.
• Risk and Compliance (10%): Expected to adhere to all policies, procedures and regulations. Timely completion of all assigned compliance tasks is required. 
• Training, Personal & Professional Development and Involvement (10%): Continuous personal and professional learning and development and contribution to the team goals is expected. Technologically proficient and involvement in BNY offerings is also expected.
• No direct reports. In some regions, may have interaction with client services staff.
• Responsible for achievement of organic, incremental growth (revenue, asset) goals within assigned client portfolio. At the guidance of more experienced colleagues, manages overall relationship profitability of small, non-complex clients; continues to receive advice and coaching from senior team members/management

To be successful in this role, we’re seeking the following: 

• Bachelor’s degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 
• 5+ years of total work experience preferred. 
• Financial Services experience with a particular client type or product (Hedge, Pension, etc.) preferred as is prior experience in Relationship Management, Client Services or Account Management. 
• Strong analytical and problem solving skills, experience working in a highly detail oriented environment, strong proficiency with Microsoft Office, proven verbal and written communication skills are also preferred

At BNY, our culture speaks for itself. Here’s a few of our awards: 

• America’s Most Innovative Companies, Fortune, 2024