Private Bank BANA-M Investment Management Pricing Lead

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Responsible for managing all aspects of Investment Management pricing for Private Bank BANA-M, serving as the primary subject matter expert (SME) for pricing strategy, governance, controls, policy, and field support.

Core Accountabilities

• Pricing governance and oversight
• Risk management and control execution
• Policy and procedure management
• Field support and escalation resolution
• Training and knowledge management
• Audit and regulatory readiness
• Cross-functional stakeholder engagement
• Strategic project leadership and consultation

Key Responsibilities

• Serve as the primary contact for the trust officers nationally on all pricing and Financial Advisor (FA) compensation matters, including fee concession approvals, fee reversals, fee increase tracking, write-offs, and general pricing inquiries
• Serve as the senior point of contact for escalations from advisors, Market Leaders, Division Leaders, and key stakeholders
• Partner across Merrill and support organizations to resolve issues, improve outcomes, and identify recurring themes
• Deliver ongoing pricing education and training for new BANA-M Trust Officers, covering fee schedules, FA compensation rules, fee concessions, fee notices, fee  reversals, write-offs, and associated roles and responsibilities
• Perform monthly quality assurance and quality control reviews for all pricing-related activities to ensure accuracy and compliance
• Manage ongoing reviews and maintenance of pricing-related documentation, including updates to PGA, Resource Central, and other reference materials
• Lead resolution efforts for pricing-related SIAIs, audit findings, risk items, and control issues, ensuring timely remediation and sustainable solutions
• Oversee the review, enhancement, and maintenance of pricing policies and procedures, including preparing and delivering presentations to National Fiduciary Policy Committee (NFPC) and Personal Fiduciary Committee (PFC) governance forums as required
• Serve as the Pricing SME for strategic initiatives, system enhancements, regulatory changes, and business transformation projects
• Act as the primary liaison with Merrill ISG on pricing-related fees, initiatives, operational processes, and project implementations associated with IAP/ML One
• Partner with Risk, Compliance, Legal, and Operations to support scalable and compliant growth

Skills:

• Business Acumen
• Coaching
• Critical Thinking
• Result Orientation
• Strategic Thinking
• Analytical Thinking
• Collaboration
• Customer and Client Focus
• Influence
• Stakeholder Management
• Adaptability
• Innovative Thinking
• Oral Communications
• Planning
• Prioritization

Minimum Education Requirement:

High School Diploma / GED / Secondary School or equivalent

For internal employees; participation in a work from home posture does not make you ineligible to post.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

The following laws or regulations restrict or prohibit the hiring of individuals with certain specified criminal history for the position: FDIC

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NJ - Pennington - 1300 American Blvd - Hopewell Bldg 3 (NJ2130), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$159,500.00 - $272,200.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

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.