I am unable to add a trusted device to my business Apple ID, is this functionality disabled?

I am trying to add my iPhone SE to my business Apple ID as a trusted device, but it does not seem to work. The device is visible under https://appleid.apple.com/account/manage/section/devices, but not listed under Account Security, logging out and back in to the Apple ID on the phone did not help.

I have the Content Manager role in our organization, this should be enough to change trusted device settings as outlined in About Managed Apple IDs for business - Apple Support (MT).

Am i missing something?