Private Wealth Advisor Director
Company: Bank of Montreal
Location: Chicago
Posted on: October 15, 2024
Job Description:
Private Wealth Advisor Director page is loaded Private Wealth
Advisor Director Apply locations Chicago, IL, USA time type Full
time posted on Posted 4 Days Ago job requisition id R240017060
Application Deadline: 10/31/2024Address:320 S Canal StreetJob
Family Group:Wealth Sales & ServiceProvides advisory-based sales
and relationship management to attract, retain and grow a portfolio
of prospect and client relationships and deliver an exceptional
client experience. Demonstrates an understanding of and care for
the client through proactive delivery of holistic advice and
solutions designed to meet the client's specific financial planning
needs. Coordinates and integrated team of subject matter experts to
craft and execute creative solutions for the client.
- Develops and executes the business development strategy, sales
targets and the sales results for the assigned region.
- Develops internal and external networks and referral sources to
grow business in the assigned portfolio / jurisdiction.
- Enhances presence in the marketplace by collaborating with
other experts (e.g. internal team, outside attorneys, accountants)
to create integrated business development plan.
- Act as the primary Relationship Manager for assigned client
relationships
- Leads / assists with creation business proposals or
presentations (e.g. relationship plans, financial plans and
reviews)
- Leads Annual Client Review with team members to evaluate
changing needs, increase communication with client, and implement
the client experience.
- Produces client reports that demonstrate the value provided and
assesses clients at-risk for retention.
- Makes recommendations to senior leaders on strategy and new
initiatives, based on an in-depth understanding of the
business/group.
- Acts as a subject matter expert on relevant regulations and
policies.
- May network with industry contacts to gain competitive insights
and best practices.
- Proactively identifies client needs and concerns to diagnose
and facilitate resolution of client issues.
- Introduces subject matter experts to the client.
- Shares wealth solutions expertise and product knowledge across
regional team.
- Develops solutions and makes recommendations based on an
understanding of the business strategy and stakeholder needs.
- Manages resources and leads the execution of strategic
initiatives to deliver on business and financial goals.
- Recommends business priorities, advises on resource
requirements and develops roadmap for strategic execution.
- Conducts independent analysis and assessment to resolve
strategic issues.
- Acts as the prime subject matter expert for internal/external
stakeholders.
- Builds effective relationships with internal/external
stakeholders.
- Ensures alignment between stakeholders.
- Bridges banking, trust and investment disciplines together for
client communications when the full relationship exists.
- Breaks down strategic problems, and analyses data and
information to provide insights and recommendations.
- Monitors and tracks performance, and addresses any issues.
- Designs and produces regular and ad-hoc reports, and
dashboards.
- Builds change management plans of varying scope and type; leads
or participates in a variety of change management activities
including readiness assessments, planning, stakeholder management,
execution, evaluation and sustainment of initiatives.
- Leads or participates in defining the communication plan
designed to positively influence or change behaviour; develops
tailored messaging; and identifies appropriate distribution
channels.
- Leads the execution of operational programs; assesses and
adapts as needed to ensure quality of execution.
- Oversees the design, development, and implementation of tools
and training required to deliver business results.
- Leads/participates in the design, implementation and management
of core business/group processes.
- Develops and manages a business/group program.
- Reviews the program for effectiveness, considers industry
trends and recommends enhancements; makes changes as required.
- Uses an advisory-based financial planning approach to manage
opportunities and relationships.
- Supports the achievement of the business plan within the
designated territory / region.
- Collaborates effectively with internal stakeholders to build
capability and drive business growth.
- Meets high-quality service standards to maximize relationship
retention and growth.
- Develops rapport and instills confidence with the client to
develop credibility and earn their trust.
- Follows through on the risk and compliance processes and
policies to ensure we safeguard our customers' assets, maintain
their privacy, act in their best interests, and ensures an
effectively run function.
- Protects the Bank's assets and complies with all regulatory,
legal and ethical requirements.
- Operates at a group/enterprise-wide level and serves as a
specialist resource to senior leaders and stakeholders.
- Applies expertise and thinks creatively to address unique or
ambiguous situations and to find solutions to problems that can be
complex and non-routine.
- Implements changes in response to shifting trends.
- Broader work or accountabilities may be assigned as
needed.Qualifications:
- Typically 7+ years of relevant experience and post-secondary
degree in related field of study or an equivalent combination of
education and experience.
- MBA certification preferred.
- Experience dealing with HNW clients and equivalent knowledge
base.
- Certified Financial Planner is preferred.
- Broad knowledge of all facets of wealth management.
- In-depth / expert knowledge of Bank products, services and
capabilities.
- Seasoned professional with a combination of education,
experience and industry knowledge.
- Verbal & written communication skills - In-depth / Expert.
- Analytical and problem solving skills - In-depth / Expert.
- Influence skills - In-depth / Expert.
- Collaboration & team skills; with a focus on cross-group
collaboration - In-depth / Expert.
- Able to manage ambiguity.
- Data driven decision making - In-depth / Expert. Salary
:$100,000.00 - $185,500.00Pay Type:SalariedThe above represents BMO
Financial Group's pay range and type.Salaries will vary based on
factors such as location, skills, experience, education, and
qualifications for the role, and may include a commission
structure. Salaries for part-time roles will be pro-rated based on
number of hours regularly worked. For commission roles, the salary
listed above represents BMO Financial Group's expected target for
the first year in this position.BMO Financial Group's total
compensation package will vary based on the pay type of the
position and may include performance-based incentives,
discretionary bonuses, as well as other perks and rewards. BMO also
offers health insurance, tuition reimbursement, accident and life
insurance, and retirement savings plans. To view more details of
our benefits, please visit: -
https://jobs.bmo.com/global/en/Total-Rewards We're here to helpAt
BMO we are driven by a shared Purpose: Boldly Grow the Good in
business and life. It calls on us to create lasting, positive
change for our customers, our communities and our people. By
working together, innovating and pushing boundaries, we transform
lives and businesses, and power economic growth around the world.As
a member of the BMO team you are valued, respected and heard, and
you have more ways to grow and make an impact. We strive to help
you make an impact from day one - for yourself and our customers.
We'll support you with the tools and resources you need to reach
new milestones, as you help our customers reach theirs. From
in-depth training and coaching, to manager support and
network-building opportunities, we'll help you gain valuable
experience, and broaden your skillset.To find out more visit us at
http://jobs.bmo.com/us/en BMO is committed to an inclusive,
equitable and accessible workplace. By learning from each other's
differences, we gain strength through our people and our
perspectives. BMO is an equal opportunity/affirmative action
employer. All qualified applicants will receive consideration for
employment without regard to sex, gender identity, sexual
orientation, race, color, religion, national origin, disability,
protected Veteran status, age, or any other characteristic
protected by law. Accommodations are available on request for
candidates taking part in all aspects of the selection process. To
request accommodation, please contact your recruiter.Note to
Recruiters: BMO does not accept unsolicited resumes from any source
other than directly from a candidate. Any unsolicited resumes sent
to BMO, directly or indirectly, will be considered BMO property.
BMO will not pay a fee for any placement resulting from the receipt
of an unsolicited resume. A recruiting agency must first have a
valid, written and fully executed agency agreement contract for
service to submit resumes. Similar Jobs (2) Private Wealth Advisor
/ Director locations Chicago, IL, USA time type Full time posted on
Posted Yesterday Private Wealth Analyst locations 2 Locations time
type Full time posted on Posted 2 Days Ago BMO is a leading bank
driven by a single purpose: to Boldly Grow the Good in business and
life. Everywhere we do business, we're focused on building,
investing and transforming how we work to drive performance and
continue growing the good.Who we areWe're proud to be fueling
growth and expanding possibilities for individuals, families and
businesses. More than 12 million customers count on us for personal
and commercial banking, wealth management and investment services.
As the 8th largest bank in North America by assets, we provide
personal and commercial banking, wealth management and investment
services to more than 12 million customers. In Canada, the United
States and across the globe, we'll continue to build, invest and
transform to drive performance that serves the good that grows.
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Keywords: Bank of Montreal, Mishawaka , Private Wealth Advisor Director, Executive , Chicago, Indiana
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