Product Specialist I

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:
Typically acts as the secondary coverage for clients. Extensive product knowledge. Interacts with clients to execute complex product transactions that generate significant revenue. Works under direction of more senior associates.

The Private Equity and Real Assets Origination Group strives to develop and maintain a comprehensive Alternative Investments offering set across client demographics and delivery platforms.

Initiatives specifically include:

• Sourcing managers/funds
• Onboarding managers and launching funds, including:
• Determining offering and pricing structures
• Negotiating terms
• Driving initiatives that advance and support a robust AI platform that meets the unique needs of the private bank/institutional clients
• Managing existing products & external fund relationships
  

Responsibilites:

• Developing fund marketing collateral and coordinating internal reviews
• Determining appropriate funds to offer to Merrill Lynch clients in conjunction with Sales and Due Diligence
• Developing an appropriate legal structure and operational process for each product
• Negotiating business and operating terms with fund managers
• Coordinating launching and oversight of AI Funds for the private bank/institutional investors, including the creation and maintenance of channel-specific materials
• Coordinating investment and business due diligence efforts
• Ensuring proper internal and external legal review
• Creating offering documents, contractual agreements, and business proposals
• Analyzing private equity organization and offering documents to determine business, legal, and headline risk
• Maintaining comprehensive knowledge of all private equity structures, terms, and industry trends
• Running product based analyses and comparisons to determine the competitive landscape

Specific responsibilities for the management of existing products and external fund relationship efforts include:

• Maintaining fund marketing collateral
• Ongoing maintenance of platform offering documents
• Ongoing relationship management with fund managers
• Coordinating appropriate actions to address issues with existing private equity funds
• Drafting formal communications for Merrill Lynch Financial Advisors and clients
  

Required Qualifications:

• 2-5+ years of relative experience
• SIE, Series 7, 63/65 or Series 66 or must be willing to obtain within 120 days of start date
• Excellent written and verbal communication skills
• Proficiency in Excel and PowerPoint
• Knowledge of financial markets
• Demonstrated capability to work in a team environment
• Ability to simultaneously manage and execute multiple projects
• Ability to coordinate with other areas of the GWIM organization

Desired Qualifications:

• Bachelor’s degree (concentrated in Finance or Business preferred)
  

Skills:

• Analytical Thinking
• Customer and Client Focus
• Financial Forecasting and Modeling
• Financial Management
• Risk Management
• Causation Analysis
• Client Management
• Market Analysis
• Presentation Skills
• Relationship Building
• Data Management
• Project Management
• Result Orientation

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.

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

$97,500.00 - $134,700.00 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.