Private Wealth Investment Management Specialist

About the role

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

About the role

The Investment Management Specialist is responsible for defining the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through the development of portfolio analysis and expertise in a wide range of investment product areas. Ensure risk profiles, goals, objectives and asset allocations are aligned and reflected properly for each client.

Deliver full range of investment products and services across the enterprise ensuring alignment to client goals and strategies while leveraging specialists and applicable financial planning tools if appropriate. Partner with internal specialists to deliver holistic investment solutions by identifying and establishing targeted investment strategies.

Prepare and present client performance review reports to measure their progress to goals.

This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential mortgage loan originations must register with the federal registry system and remain in good standing. Since this position requires SAFE Act registration, employees are required to register and to submit to the required SAFE Act background check. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

Responsibilities

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

Required Qualifications

• 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

Desired Qualifications

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

Skills

• 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

Minimum Education Requirement

• High School Diploma / GED / Secondary School or equivalent
• Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy

• Shift: 1st shift (United States of America)
• Hours Per Week: 40
• Pay Transparency details

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.