Product Specialist - NR

Job Description:

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!

Job Description:

There has been a consistent growth in centrally managed assets in line with strategic business objectives. A critical part of the role will be development of enhanced portfolio overlay products and services in line with client objectives. These include tax efficient strategies and transition services that promote additional flows into Firm Managed. An important part of the role will also be creation and implementation of other differentiated overlay offerings that seek to obtain, offset or substitute specific portfolio exposures. In addition, the role will entail oversight and maintenance of internal model portfolios.​

•    Research, develop and implement investment solutions. 
•    Support new financial investment portfolio management functions through algorithm development and testing. 
•    Ongoing review and monitoring of enhanced overlay products and services.
•    Collaboration across Product, Platform, Channel, CIO, Research  and Control partners to deliver investment solutions. 
•    Oversight and maintenance of internal firm model portfolios and coordination of rebalance activities.
•    Support of restrictions and replacement securities.

Required Qualifications:

•    Must be intellectually curious and have strong critical thinking skills to solve complex problems.
•    Should be able to multi-task, take ownership and deliver in a fast-paced environment.
•    Requires good interpersonal skills and ability to collaborate and communicate effectively in groups.
•    Requires good time management skills to deliver within project management deadlines.

Desired Qualifications:

•    Bachelor’s Degree in Finance, Mathematics or Economics.
•    Minimum 2-5 years of experience in a financial firm with some experience in investment products or investment management.
 •Series 65 or pursuit of the CFA charter is a plus.
•Advanced Excel VBA skills  and Python experience is favorable.
•Knowledge of tax efficient products or services is a plus.

Skills:

• Active Listening
• Attention to Detail
• Research
• Usability Testing
• Data Collection and Entry
• Issue Management
• Networking
• Project Management
• Reporting
• Agile Practices
• Process Design
• Recording/Organizing Information
• Technical Documentation
• Written Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Jersey City - 101 Hudson St - 101 Hudson (NJ2101)

Pay and benefits information

Pay range$82,700.00 - $115,100.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.