Alternative Investment Technical Specialist

Bank of America; New York (NY); On-site; USD 200,000 - 259,000; Full time

Job summary

Bank of America in New York is seeking an Alternative Investment Technical Specialist to support Financial Advisors and UHNW clients with a suite of hedge fund products, driving utilization and crafting customized proposals.

You will develop relationships with advisors and asset managers, present sophisticated hedge fund portfolios, and collaborate with internal partners to align solutions with client objectives.

Qualifications

• 10-12+ years’ experience in financial services or relevant experience.
• Knowledge/experience with alternative investments
• Hold or attain Series 7 and 66 licenses within 120 days of hire
• CFA/CAIA not required but a plus

Responsibilities

• Develop relationships and originate new business from financial advisors and portfolio managers within BofA Merrill Wealth Management.
• Serve as subject matter expert on hedge fund products, platform, and industry to advisors, clients, and other specialists alike.
• Design, present, and execute custom portfolios of hedge funds for significant wealth clients of the firm.
• Deliver input on commerciality of prospective third-party hedge fund partners to internal stakeholders. Provide assessment through the lens of advisor or client demand.

Skills

Client Management

Client Solutions Advisory

Customer and Client Focus

Pipeline Management

Relationship Building

Collaboration

Presentation Skills

Prospecting

Referral Management

Wealth Planning

Referral Identification

Education

Series 7 license

Series 66 license

CFA/CAIA not required but a plus

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Alternative Investment Technical Specialist associate will provide support to the firm’s Financial Advisors and clients on a suite of hedge fund products in order to drive utilization of those products. The Specialist will have direct coverage of advisors and third-party asset managers and will serve as an essential resource in the creation, presentation, and execution of customized proposals to UHNW and Institutional clients.

Responsibilities:

• Develop relationships and originate new business from financial advisors and portfolio managers within BofA Merrill Wealth Management.
• Serve as subject matter expert on hedge fund products, platform, and industry to advisors, clients, and other specialists alike.
• Design, present, and execute custom portfolios of hedge funds for significant wealth clients of the firm.
• Deliver input on commerciality of prospective third-party hedge fund partners to internal stakeholders. Provide assessment through the lens of advisor or client demand.

Qualifications:

• 10-12+ years’ experience in financial services or relevant experience
• Knowledge/experience with alternative investments
• Hold or attain Series 7 and 66 licenses within 120 days of hire
• CFA/CAIA not required but a plus

Skills:

• Client Management
• Client Solutions Advisory
• Customer and Client Focus
• Pipeline Management
• Relationship Building
• Collaboration
• Presentation Skills
• Prospecting
• Referral Management
• Wealth Planning
• Referral Identification

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

$200,000.00 - $258,500.00 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.