Fiduciary Programs and Platforms (FPP) - Business Enablement Executive

Company: Bank of America
Location: Jersey City
Posted on: August 5, 2022

Job Description:

Job Description:The Fiduciary Programs and Platforms team oversees all aspects of the Bank of America's investment advisory business including the Merrill Lynch Investment Advisory Program (IAP), our industry leading fiduciary platform. The business serves over 700k client households and $1.2+ trillion in client AUM.Overview: The Fiduciary Programs and Platforms (FPP) Business Enablement Executive provides business strategy development, management and operating discipline to help achieve defined business goals. The investment programs and platforms managed by the FPP team inherently have a higher degree of operating complexity, risk and industry change/evolution which requires constant review, strong operating controls and established frameworks to manage effectively, aligned with client needs. The BEE leader and team are responsible to facilitate the development of an operating plan and framework, in coordination with the IP COO, FPP leadership team and senior support partners, including clearly defined metrics, priorities, alignment and connectivity across ISG and GWIM. The leader must have a deep understanding of business unit products, platforms/programs, services and processes and strong analytical and operating process capabilities.Responsibilities:Planning and operating disciplineBusiness administration and product decision supportAssistance in setting and leading team routines and staffing issuesManagement reporting and analyticsHorizontal business support including investment strategy profile production, custom marketing collateral, field and client communications and vendor oversightSupport the maintenance of regulatory and program documentation (in coordination with Fiduciary and Governance teams)Manage a team of 5-7 associatesRole Requirements:10+ years of financial industry experienceDemonstrated leadership proficiency in people, operations, risk, financial and product managementStrategic, logical and creative thinker with ability to translate strategy into clear objectives and translate tactics that drives resultsAbility to lead through collaboration; proficiency to develop frameworks to drive consistent execution and transparency across broader teamsExcellent communication skills to drive transparency and collaboration across the leadership team and business partners and to edit/guide communication content on behalf of the head of Investment Products and the broader IP teamExperience/knowledge of wealth management organization and businessSolid analytical skills and financial acumen with ability to identify trends, understand cause and effectDemonstrated industry knowledge. (i.e., clients, competitors, products, etc.)Well-developed business judgment and experienceCan recruit, grow and retain talent; assembles strong team; provides stretch opportunities and mentoring/coachingSeries 7, 66 (required) and 24 (preferred, not required)Shift:1st shift (United States of America)Hours Per Week: 40

Keywords: Bank of America, Jersey City , Fiduciary Programs and Platforms (FPP) - Business Enablement Executive, Other , Jersey City, New Jersey