Product Specialist I

Bank of America•New York, NY

2d•$97,500 - $134,700•Onsite

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. 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! The Private Equity and Real Assets Origination Group strives to develop and maintain a comprehensive Alternative Investments offering set across client demographics and delivery platforms. Initiatives specifically include: 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.

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
Excellent written and verbal communication skills
Proficiency in Excel and PowerPoint
Knowledge of financial markets
Demonstrated capability to work in a team environment
Ability to simultaneously manage and execute multiple projects
Ability to coordinate with other areas of the GWIM organization

Nice To Haves

Bachelor’s degree (concentrated in Finance or Business preferred)

Responsibilities

Develops fund marketing collateral and coordinating internal reviews
Determines appropriate funds to offer to Merrill Lynch clients in conjunction with Sales and Due Diligence
Develops an appropriate legal structure and operational process for each product
Negotiates business and operating terms with fund managers
Coordinates launching and oversight of AI Funds for the private bank/institutional investors, including the creation and maintenance of channel-specific materials
Coordinates investment and business due diligence efforts
Ensures proper internal and external legal review
Creates offering documents, contractual agreements, and business proposals
Analyzes private equity organization and offering documents to determine business, legal, and headline risk
Maintains comprehensive knowledge of all private equity structures, terms, and industry trends
Runs product based analyses and comparisons to determine the competitive landscape
Maintains fund marketing collateral
Ongoing maintenance of platform offering documents
Ongoing relationship management with fund managers
Coordinates appropriate actions to address issues with existing private equity funds
Drafts formal communications for Merrill Lynch Financial Advisors and clients