Endowment & Foundation Specialist

Merrill; Chicago (IL); On-site; USD 140,000 - 230,000; Full time

Job summary

Bank of America’s Endowment & Foundation Specialist role leads growth in the OCIO business within the assigned division, prospecting institutional clients and shaping sales strategy across markets.

You will work with EFS teams to manage complex opportunities, build relationships with GIC FAs and bankers, and represent investment solutions to nonprofit boards and committees, including conferences and presentations.

Qualifications

• 10+ years selling asset management services to nonprofits and endowments.
• Experience marketing and selling OCIO services to nonprofits with a track record in closing.
• Experience presenting complex investment solutions to investment committees and trustees.

Responsibilities

• Drive asset and revenue growth in the institutional business within division.
• Identify and qualify larger more complex institutional prospects.
• Lead sales process for opportunities sourced by PCAs/ICAs and ML GIC FAs.
• Collaborate with EFSs to review pipeline and align resources.
• Be the initial point of contact for GIC FAs and Bankers for new opportunities.

Skills

Investments expertise

Asset allocation

Relationship management

Sales practitioner

Public speaking

RFPs knowledge

Institutional investment trends

Investment solutions knowledge

Education

Bachelor's degree

Series 7/63/65 licenses

CIMA or CFA preferred

Tools

GWIM platform

Job description

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!

Summary of Position

The Endowment & Foundation Specialist (EFS) is a producing role directly responsible for driving growth in the OCIO business within their assigned division. This individual will serve as territory team leader and will proactively prospect for institutional business in the assigned division, in addition to driving the sales strategy with the Institutional EFS' s across markets.

Major Responsibilities

• Drive asset and revenue growth in the institutional business within division
• Identify and qualify larger more complex institutional prospects
• Drive sales process for opportunities sourced by PCAs/ICAs and ML GIC FAs
• Work closely with EFSs in division to review pipeline and ensure resources are appropriately aligned
• Act as initial point of contact for GIC FAs and Bankers for new opportunities within division to assess deal potential, prioritize resources and build sales team
• Maintain high level involvement as a senior member of relationship management team on larger more complex new client relationships
• Generate prospect referrals from new relationships
• Work with internal specialized industries' leadership to set execution strategy, uncover opportunities and drive growth within the division
• Point of contact for specialized industries' bankers to evaluate, position and develop appropriate solutions for division opportunities
• Partner closely with relationship managers, OCIO Champions and Private Bank High Net Worth Division Exec to drive growth and ensure segment-based OCIO strategies are being executed within division
• Cultivate institutional and not-for-profit consultant network
• Act as subject matter expert for investments and OCIO opportunities within division
• Attend and present at industry conferences
• Define division implementation of market tier/segmentation strategy working with SE and EFSs

Key Skills, Competencies & Qualifications

• Deep understanding and expertise in investments, asset allocation, investment and spending policies
• Bachelor's degree required.
• Expertise and knowledge around alternative investments including hedge funds, private capital, real estate, timber and farmland
• Understand how to navigate the organization to clear obstacles and get business closed
• Strong influencing, collaboration and relationship management skills
• Experience and credibility as a sales practitioner
• Strong presentation and public speaking skills
• Ability to diagnose needs and structure RFPs to address needs and win business
• Strong listening and probing skills
• Deep understanding of key institutional segments and institutional investment trends and strategies
• Deep and wide knowledge of GWIM investment solutions, UST investment strategy and platform

Desired Qualifications

• 10+ years of successful experience selling asset management services to non-profit entities, foundations, endowments and pensions
• History of marketing and selling OCIO services and solutions to nonprofits with a strong track record in closing business with nonprofits with AUM
• Experience positioning and selling complex investment solutions to investment committees, trustees and senior staff of large nonprofits
• 7, 63 and 65 licenses. CIMA and or CFA preferred.

Minimum Education Requirement

High School Diploma / GED / Secondary School or equivalent.

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - IL - Chicago - 110 N Wack