Bank of America · 2 days ago
Senior Business Manager
Los Angeles, CA
Full-time
Onsite
Senior Level
5+ years expBank of America is a leading provider of comprehensive wealth management and investment products and services. The Senior Business Manager role is a key contributor to a Financial Advisor team, responsible for creating strategies and ensuring execution related to business plans and financial initiatives while managing team operations and client service strategies.
Asset ManagementBankingFinanceFinancial ServicesFinTech
Responsibilities
Create a business plan that translates practice vision into goals and regularly monitor and update as needed Provide leadership around team structure to deliver on the team's vision, goals, and business plan
Establish and align practice operations to strategic vision
Conduct team meetings to drive business plan execution
Establish a pricing strategy aligned to the team's vision and ensures profitability of practice
Define and communicate clear team roles and responsibilities
Serve as a main point of contact, in partnership with office management team and HR/supervision, for HR, comp, operations and compliance related issues
Coordinate work assignments across team to ensure completion
Own the overall body of work for the team, delegating work assignments, monitoring for quality and completion and managing junior team members as needed
Oversee execution of client service strategy and client review processes
Serve as decision maker and team leader when senior advisors are unavailable
Identify areas of opportunity to leverage specialists to maximize the team's capabilities in delivering the optimal client experience
Establish budget and manage expenses regularly to include Business Development Account (BDA)
Manage team compensation and incentives, including FA pools and splits as well as support staff compensation
Lead the sourcing, assessing, hiring, and onboarding of new talent; and the off boarding of transitioning talent
Regularly evaluate financial 'health' of practice and work with equity partners to discuss any changes
Qualification
Required
Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support
SAFE ACT Registration
Individuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission (“SEC”)
Strong leadership abilities, communication and delegation skills
Understanding of how to deliver a strong overall client experience
Thorough knowledge and understanding of the suite of Wealth Management products and services
Proven ability to manage risk and make sound decisions by having a deep understanding of industry regulations, supervisory requirements, 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
Strong analytical skills with ability to identify trends, root cause and effects, and implement improved processes to increase growth and mitigate risk
Ability to influence and demonstrate strong and effective leadership through clear communication and collaboration with other partners to make sound decisions with courage and conviction; demonstrated ability to influence to the desired outcome, without direct authority
Minimum of 5 years' experience performing specialist/analyst level responsibilities or equivalent industry experience
Preferred
MBA preferred or maintain at least one firm approved designation
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
10001+ employees
H1B Sponsorship
Bank of America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (780)
2024 (546)
2023 (590)
2022 (759)
2021 (715)
2020 (931)
Funding
Current Stage
Public CompanyTotal Funding
$3.59BKey Investors
Berkshire Hathaway
2025-02-20Post Ipo Debt· $386.79M
2024-11-26Post Ipo Debt· $2B
2020-07-28Post Ipo Equity· $400M
Leadership Team
Charissa Messer
Senior Vice President, Creative Agency Executive (Enterprise Creative Solutions)
Rami Salem
SVP Strategic Competitive Intelligence
Recent News
2026-01-05
Company data provided by crunchbase