Investment Manager Selection Specialist - Fixed Income

Bank of America • New York, NY

1d • $150,000 - $228,200 • Onsite

About The Position

Bank of America-Merrill Lynch is seeking a Fixed Income Analyst for its CIO Due Diligence team, which selects third-party investment managers for client investment. Reporting to the Head of Fixed Income Due Diligence, the role contributes to a high-quality platform of fixed income investment vehicles, including ETFs, mutual funds, and separate accounts. Coverage is primarily taxable and municipal fixed income, with additional coverage of international fixed income, preferred securities, and tax-managed portfolios.

The position provides in-depth knowledge of investment solutions to internal partners, including financial advisors. It involves sourcing and analyzing investments, monitoring existing fund investments, writing detailed investment memos and commentaries, and presenting findings to committees individually or as part of a team. The analyst is accountable for research opinions on covered strategies and participates in complex investment discussions with internal and external partners. The role calls for strong quantitative and qualitative analysis, clear communication of investment insights, and a strong understanding of financial markets.

Requirements

• At least 5 years of investment-industry experience, preferably in an analytical role related to investment manager due diligence, equity research, quantitative research, portfolio management or construction, or asset allocation.
• Demonstrated analytical track record of building and defending well-supported investment opinions.
• Collaborative, team-based approach to working with peers within the team and across business lines.
• Ability to work independently and manage time efficiently to meet deadlines.
• Working knowledge of Excel, Word, and PowerPoint.
• SIE, Series 7, and Series 66 licenses at hire, or ability to obtain them within 120 days.
• Strong analytical skills and ability to synthesize quantitative and qualitative information.
• Strong understanding of financial markets.

Nice To Haves

• MBA, MS, JD, or CFA.

Responsibilities

• Educate internal partners, including financial advisors, on investment solutions using in-depth knowledge.
• Analyze investment options strategically and explain them to clients in an understandable manner.
• Communicate effectively in writing and verbally.
• Manage relationships with internal parties and external vendors.
• Check data for accuracy and consistency, and detect, compare, and correct errors.
• Work with senior leaders and executives, demonstrate executive presence, and lead meetings.
• Research investment managers to identify new platform ideas and monitor existing strategies to identify and assess emerging risks.
• Develop and communicate research opinions on covered strategies and engage in complex investment conversations with internal and external partners.
• Write detailed investment memos and commentaries and present findings to committees, individually or as part of a team.

Benefits

• Benefits eligibility.
• Paid time off.
• Annual discretionary incentive plan eligibility; award is based on individual performance and behaviors, line-of-business or group contributions, and overall company success.
• Resources and support for employees' well-being and contributions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed