Private Wealth Alts Lead | Team & Strategy

Bank of America; New York (NY); On-site; USD 150,000 - 230,000; Full time

Job summary

Bank of America Merrill Alternative Investments is seeking an experienced sales professional to join the Alternative Investments Specialist organization supporting the Private Wealth channel. The role leads a team of PWM Alts Specialists across multiple territories, mentors the Internal Sales Desk, and covers the Northeast region.

You will develop strategy, educate clients on hedge funds, private equity and real assets, and collaborate with operations, marketing, risk and compliance to deliver

Qualifications

• 10+ years of financial services product and/or sales experience.
• Travel throughout coverage area (2-3 days a week)
• Strong oral and written communication skills
• Knowledge of alternative investment products
• Self-motivated individual with a passion for alternative investments and a strong desire to lead
• Must hold Series 7, 63, 65 or 66 licenses or be able to obtain within 120 days of hire

Responsibilities

• Responsible for all hiring, development, evaluation and coaching activity for the Private Wealth Management (PWM) Alts Specialist team.
• Supervise and mentor the PWM Internal Sales Desk members and foster an environment of collaboration between internal and external Specialists
• In addition to leading the PWM Alts Specialist team, the candidate will assume Alts Specialist responsibilities for the Northeast region. This will require the candidate to develop a business strategy that enables them to work independently in the territory alongside local PWM market leadership and financial advisors.
• Engaging with members of the broader Alternative Investments Sales Team, home office leadership, and select third-party product partners to cultivate future Alts growth.
• Developing a comprehensive and in-depth understanding of the Merrill PWM portfolio construction process with respect to alternative investments, including hedge funds, private equity, and real assets.
• Working with internal operations, marketing, product origination, risk, legal and compliance partners to enhance the overall client and advisor experience

Skills

Financial services

Sales skills

Alternative investments

Leadership

Communication

Education

Bachelor's degree

Job description

Bank of America Merrill Alternative Investments is seeking an experienced sales professional to join the Alternative Investments Specialist organization supporting the Private Wealth channel. The role leads a team of PWM Alts Specialists across multiple territories, mentors the Internal Sales Desk, and covers the Northeast region.

You will develop strategy, educate clients on hedge funds, private equity and real assets, and collaborate with operations, marketing, risk and compliance to deliver