About the position
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Responsibilities
- 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
- 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
- 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
Requirements
- 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
- Proficiency in Excel and PowerPoint
- Knowledge of financial markets
- Ability to simultaneously manage and execute multiple projects
- Ability to coordinate with other areas of the GWIM organization
- Bachelor's degree (concentrated in Finance or Business preferred) or equivalent work experience
- Experience as a Paralegal is a plus
Benefits
- Competitive benefits to support physical, emotional, and financial well-being
