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Bank of America

Runs a US consumer bank, brokerage and investment bank

Private Bank Market Leader

Full-Time
No salary listed
Mid
Dallas, TX, USA
In PersonIn-office work is expected.
Finance & BankingWealth Management & Financial Advisory

About the job

Requirements
  • FINRA licenses: Series 7 and Series 66, or Series 63 and Series 65, plus Series 24.
  • Demonstrated track record of delivering business results and driving responsible growth as a sales practitioner and/or sales leader.
  • Deep understanding of high-net-worth clients’ needs and solutions.
  • Strong business judgment and decision-making ability.
  • Ability to attract and select talent, diagnose performance gaps, and develop and retain talent.
  • Deep and broad knowledge of Private Bank and enterprise capabilities, with the ability to work collaboratively to make connections, resolve issues, and remove obstacles.
  • Ability to communicate clearly and compellingly with employees, clients, and enterprise partners, demonstrating executive presence.
  • Strong influencing, listening, probing, and relationship-management skills.
Responsibilities
  • Lead a team focused on maintaining and growing the Bank’s market share while serving as a bank ambassador to the business community.
  • Assist the Market Executive with establishing and executing the market strategy.
  • Develop talent and attend client meetings with the market leadership team.
  • Oversee overall team performance, champion change, and ensure the right strategies are implemented to deliver solutions for clients and employees.
  • Manage a team of private client advisors and private client managers through recruiting, coaching, and development activities.
  • Increase profitability by driving responsible growth and understanding key priorities to drive market share.
  • Oversee team activity and coordinate the deal pipeline, facilitating hand-offs between client-team members and improving the client-management process.
  • Manage business integration, operational efficiencies, risk and expense controls, effective marketing, and Next Generation cultivation to create long-term, sustainable growth.
  • Lead and/or participate in company-wide projects or initiatives to achieve desired business outcomes.
  • Build top-performing, diverse teams while maintaining a pathway of top talent in the market.
  • Implement the enterprise Private Bank strategy in a market- and team-specific manner.
  • Create an inclusive environment that supports company Great Place to Work goals.
  • Challenge end-to-end process efficiency and effectiveness, champion data-driven decision-making, and remove obstacles to optimize operations.
  • Contribute to enterprise strategy and influence messaging connecting team contributions to business purpose, results, and success.
  • Inspect and challenge risk controls, governance, and culture to ensure timely identification, escalation, debate, and remediation of risk.
  • Coach to sustain and elevate organizational performance while differentiating to ensure pay for performance.
  • Efficiently allocate and manage resources across the organization to drive short- and long-term profitability.
  • Inspect and manage bench health to ensure organizational succession while supporting enterprise talent needs.
  • Mobilize organizational resources to deliver the bank’s capabilities to meet client needs and gain competitive advantage.

About the company

Bank of America runs one of the largest US banks, serving consumers, small businesses, wealthy families, corporations and institutional investors. Alongside checking accounts, credit cards, mortgages and business loans, it owns the Merrill brokerage, a private bank for wealthy clients and a global investment bank that advises on deals and trades stocks and bonds. Customers reach it through thousands of branches and ATMs and its mobile banking app. It earns money mainly from the gap between what it charges on loans and pays on deposits, plus fees from advice, asset management, deal work and trading. It grew from a San Francisco bank founded in 1904 and is headquartered in Charlotte, North Carolina.

Company Size

10,001+

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1904

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Simplify's Take

What believers are saying

  • Profits are climbing: net income rose 27% to $9.1 billion in the June 2026 quarter on trading and dealmaking.
  • Tech careers have budget behind them: $4 billion of Bank of America's $13 billion yearly tech spend funds new initiatives.
  • Cheap funding cushions profits: $530 billion of its $2.03 trillion in deposits paid no interest at June 2026.

What critics are saying

  • Falling rates pinch lending profit: lower rates partly offset its 9% rise in interest income in the June 2026 quarter.
  • AI is reshaping jobs: over 200,000 employees use AI tools, sending 400,000-plus prompts daily as of July 2026.
  • Succession remains open: CEO Brian Moynihan plans to stay through decade's end after a December 2025 executive shake-up.

What makes Bank of America unique

  • Small firms bank here: it serves 4 million small businesses and calls itself the top US small business lender.
  • Wealth management is a second engine: Merrill, its brokerage, and the Private Bank oversee about $4.9 trillion in client balances.
  • Customers use its chatbot at scale: virtual assistant Erica has logged over 3 billion client interactions since 2018.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Remote Work Options

Professional Development Budget

Conference Attendance Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
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A Bank of America (BofA) survey of 117 advertisers and agencies suggests ChatGPT is starting to compete with Google for future ad budgets. In the poll, 26% named ChatGPT as the platform likely to gain the most ad spending over the next 12 months, ahead of Google Search at 19% and YouTube at 11%. Google still leads on current spending. Search was picked by 30% as the platform with the biggest rise in spend, and 33% said it was where AI was lifting ad returns fastest. Alphabet's Google Search and other revenue rose 17% to $63.27 billion in the second quarter. OpenAI said ChatGPT Ads passed $1 billion in annualised revenue run rate less than 200 days after launch. In the survey, 28% of respondents already advertise on ChatGPT, and 43% plan to start within 12 months.

CNBC
Oct 14th, 2026
Bank of America hires 1,000 contractors to patch software flaws exposed by Anthropic's Mythos

Bank of America has hired 1,000 contractors to help patch software flaws exposed by advanced AI models, including Anthropic's Mythos, chief executive officer Brian Moynihan told CNBC on Wednesday. The contractors work alongside 3,000 internal staff and have been in place since the second quarter. The bank spent a "couple hundred million plus" in the third quarter on software fixes and anti-money laundering compliance. Moynihan expects remediation costs to fall over time. "Once you patch, you don't have to patch as much," he said. Shares slumped as much as 8% on Wednesday. AI is also cutting costs. Savings from the bank's 130 internal AI projects are expected to rise from $300 million this year to $700 million in 2027.

Yahoo Finance
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Bank of America loses senior banker Amy Lissauer to JPMorgan as exits mount

Bank of America is losing another senior banker. Amy Lissauer, one of its most senior female executives, is leaving for JPMorgan Chase, Reuters reported, citing people familiar with the matter. Chief executive officer Brian Moynihan and Faiz Ahmad, co-head of global investment banking, tried to keep her. A source said BofA could not match JPMorgan's pay package. Co-head of global investment banking Mike Joo and tech banker Ed Liu left in early August. Tech dealmaker Kevin Brunner and M&A co-head David Fishman are also joining JPMorgan. The business remains strong. Second-quarter investment banking fees rose 50% to more than $2.1 billion, and total revenue rose 15% to $31.6 billion.

Yahoo Finance
Oct 14th, 2026
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Bank of America missed Wall Street's third-quarter 2026 revenue forecasts. Revenue rose 2.6% year on year to $29.96 billion, short of analyst estimates of $30.56 billion. Earnings per share (EPS) under generally accepted accounting principles were $0.91, 17.6% below the $1.10 analysts expected. The efficiency ratio was 65.8%, against an estimate of 61.1%. Net interest income grew 8% to $16.45 billion, in line with the $16.52 billion forecast. Net interest margin was 2.2%, ahead of the 2.1% estimate. Tangible book value per share rose 2.1% to $29.14, below the $29.62 estimate. The bank's market capitalisation stands at $377.3 billion.

Yahoo Finance
Oct 14th, 2026
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Bank of America's third-quarter profit fell 17% from a year earlier to $6.93 billion, or $0.91 per share, missing analyst expectations of $1.10. A $1.2 billion fine from US regulators over failures in its anti-money laundering safeguards weighed on results. Its shares fell more than 3% in premarket trading. Excluding the penalty, the bank earned $8.1 billion, or $1.08 per share. Revenue rose 3% to $30 billion. Net interest income rose 8% to $16.4 billion on higher loan and deposit balances. Investment banking fees fell 11% to $1.8 billion, and fixed income trading revenue fell 17% to $2.6 billion. Equities trading revenue rose 11% to $2.5 billion. Chief executive officer Brian Moynihan said commercial lending grew in every client segment.