Private Bank Senior Associate (PBSA)

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America 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 Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Private Bank Senior Associate (PBSA), Red Bank, NJ -

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 verification

Qualifications -

• 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
• BS/BA degree in Business, Finance or Economics desired
• Ability to obtain and maintain SAFE Act registration

Skills:

• 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 Identification

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

For internal