Investment Management Specialist

Bank of America•New York, NY

7d•$55,000 - $96,000•Onsite

About The Position

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance. Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America. Merrill 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 Merrill, we empower you to bring your whole self to work. We value the unique perspectives in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different skills and experiences that individuals bring from all backgrounds and careers; whether gained through 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. 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.

Requirements

Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they support.
SAFE ACT Registration.
Individuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission (“SEC”).
Obtain and/or maintain at least one firm approved designation.
Possess and demonstrate strong communication skills.
Thorough knowledge and understanding of the suite of Wealth Management products and services.
Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate risk.
Ability to make sound decisions by having a deep understanding of investment management best practices and policies/procedures.
Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in a suitable and controlled way.

Nice To Haves

Causation Analysis
Financial Management
Investment Management
Trading Strategy
Trading and Investment Analysis
Portfolio Analysis
Portfolio Management
Price Verification and Valuation
Trade Monitoring
Trading
Client Investments Management
Client Solutions Advisory
Financial Analysis
Financial Forecasting and Modeling
Wealth Planning

Responsibilities

Performing specialized functions across a Financial Advisors (FAs) team, such as defining an FA's or FA team's overall investment management philosophy through portfolio analysis and performing business management and business development activities.
Providing operational support and quality client service through offering a full range of investment products and services across the enterprise.
Leveraging specialists and financial planning tools to deliver holistic investment solutions.
Supporting the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through executing on portfolio analysis and sharing expertise in a wide range of investment product areas.
Ensuring risk profiles, goals, objectives and asset allocations are aligned and reflected properly for each client.
Delivering a full range of investment products and services across the enterprise ensuring alignment to client goals and strategies while leveraging specialists and applicable investment management tools where appropriate.
Partnering with internal specialists to deliver holistic investment solutions by identifying targeted investment strategies.
Assisting in the preparation of client performance review reports to measure progress to goals.
Maintaining an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management tools.
Monitoring, analyzing, and reviewing the current market environment and research portfolio recommendations.
Monitoring and managing client portfolios to align with client goals, objectives, risk tolerance, and time horizons.
Reviewing and managing team proprietary models to align with current market assumptions by participating in CIO and manager updates and reviewing reports and allocation updates.
Creating analytical reports for Financial Advisors to review client investment portfolio performances against market returns.
Assessing and sharing pricing findings with clients to ensure understanding of the value of advice and accompanying solutions.
Analyzing and understanding Merrill and third party research.
Monitoring and responding to market and non-financial current events.
Effectively navigating proprietary planning and investment management tools.
Delivering investment management tools, including but not limited to investment proposal, CRC, etc.
Monitoring and analyzing book pricing internally for FA team.
Conveying pricing to ensure client's understanding of the value of advice and accompanying solutions.
Maintaining a deep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current market environment.
Researching portfolio recommendations for Investment Committee review.
Preparing materials and coordinating weekly Investment Committee meetings.
Proactively reviewing and managing team proprietary models to align with the Investment Committee decisions.
Managing ML One variances/enrollments/updates/withdrawals/terminations.
Serving as Primary/Lead Team Member for processing PIA trades in Portfolio.
Processing of all trades (discretionary or non-discretionary).
Proposing client recommendations/changes based on client goals, risk tolerance, risk tolerance, time horizon and objectives.