Product Specialist I

Bank of America•New York, NY

1d•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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: Typically acts as the secondary coverage for clients. Extensive product knowledge. Interacts with clients to execute complex product transactions that generate significant revenue. Works under direction of more senior associates. 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
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
SIE, Series 7, 63/65 or Series 66 or must be willing to obtain within 120 days of start date

Nice To Haves

Bachelor’s degree (concentrated in Finance or Business preferred)
Skills: Analytical Thinking
Customer and Client Focus
Financial Forecasting and Modeling
Financial Management
Risk Management
Causation Analysis
Client Management
Market Analysis
Presentation Skills
Relationship Building
Data Management
Project Management
Result Orientation
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.

Responsibilities

Develops fund marketing collateral and coordinates 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