Strategy and Transformation Lead - Wealth Management

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:

This job is responsible for supporting the development and execution of strategic initiatives and/or processes aligned to priorities within a functional area and/or business. Key responsibilities include defining, developing, executing, monitoring, and/or refining strategic initiatives and processes in close collaboration with key stakeholders and internal partners.

Team Specific Job Description:

Bank of America’s wealth management business is one of largest in the world with client balances of $5 trillion. The Wealth Management Strategy team supports the leadership of our two wealth management units, Merrill Lynch Wealth Management and Bank of America’s Private Bank, with the articulation of their overall strategy and with the identification and execution of transformational strategic initiatives. The role is based in New York City and reports to the Managing Director, Wealth Management Strategy.

Responsibilities:

• Builds and/or executes business initiatives and/or processes, while partnering with stakeholders and partners
• Solves complex problems and delivers on business initiatives and processes by applying subject matter expertise and technical knowledge of the business
• Engages with key stakeholders, partners, and business leadership to deliver on business objectives
• Performs analytics, assessments, and/or interpretation of data and/or information to identify business opportunities, derive insights, and measure outcomes
• Develops strategic and tactical plans to drive progress towards business goals and objectives
• Support strategic initiatives, lead individual modules of larger Wealth Management strategic initiatives
• Create frameworks, identify / analyze issues, develop/evaluate options, devise implementation plans  
• Contribute to overall strategic plans for Merrill Lynch Wealth Management and the Private Bank
• Interact directly with senior executives: lead discussions, present results, build consensus
• Identify issues / opportunities proactively based on your understanding of the business and competition

Required Qualifications:

• Minimum of 4-6 years professional experience in a corporate development or strategy group of a financial services firm, management consulting firm, investment bank or private equity firm
• Track record of excellence and achievement
• Strong problem solving and analytical skills; high level of comfort with numbers and financial modeling
• Entrepreneurial initiative, coupled with commitment to highest quality standards and attention to detail
• Team player able to bring together people and perspectives for new solutions, build confidence and trust
• Strong presence, communication, and relationship building skills
• Ability to work with changing deadlines and competing priorities

Desired Qualifications:

• Knowledge of financial services, wealth management and / or asset management & capital markets
• MBA

Skills:

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

Minimum Education Requirement:

• Bachelor’s Degree or equivalent work experience

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$110,000.00 - $178,300.00 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.