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. 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:
Develops and recommends strategies to achieve institutional investment goals of the organization and/or its institutional clients. Creates frameworks for analyzing alternative investment and risk scenarios (e.g. overall institutional investment return, interplay of various asset classes or securities, comparative return of different markets). Forecasts market changes based on economic and industry analyses; monitors technical trading trends. May be responsible for developing and marketing specialized institutional asset allocation products and services. May manage more junior staff. Background: Typically has institutional portfolio management experience, but does not currently have direct institutional portfolio management responsibility. Ten or more years of institutional investment experience. Seasoned strategist capable of independently completing complex analyses.
The Director, Senior Institutional Investment Strategist serves as a subject matter expert in defined benefit (pension) plans, providing strategic asset allocation guidance and consultative support to institutional clients. This role combines deep actuarial expertise with investment strategy to deliver liability-driven solutions, support new business development, and enhance client outcomes through data-driven insights and market analysis.
Responsibilities:
- Provide strategic asset allocation guidance to pension clients using stochastic and deterministic modeling approaches.
- Serve as a trusted advisor and subject matter expert on defined benefit plans, leveraging actuarial and investment expertise to guide institutional clients.
- Provide training and field support to internal partners such as portfolio strategists, relationship managers, and financial advisors on defined benefit plan issues.
- Review liability-based reporting and analysis for existing pension clients, ensuring alignment with long-term funding objectives.
- Support sales and business development efforts through analytical insights and direct engagement with prospects.
- Collaborate cross-functionally with internal teams to design and implement innovative investment solutions tailored to client needs.
- Stay informed on pension investment trends to provide timely and relevant guidance to clients.
- Expertise in actuarial consulting for pension plans.
- Strong understanding of economic markets and institutional investment strategies.
- Advanced data analysis and modeling skills.
- Exceptional interpersonal and communication skills (written and verbal).
- Leadership ability and self-motivation to drive initiatives independently.
Tools & Technologies:
- Proficiency in Microsoft Office Suite.
- Experience with VBA and R programming for modeling and analysis.
Required Qualifications
- Extensive knowledge of ERISA funding regulations and FASB accounting rules applicable to defined benefit pension plans; pension investment experience a plus
- Bachelor’s degree in actuarial science, finance, mathematics, statistics, economics, or related field.
- ASA (Associate of the Society of Actuaries) or FSA (Fellow of the Society of Actuaries) required.
- Minimum 5+ years of actuarial or institutional investment experience.
- CFA a plus.
Desired Qualifications:
- Actuarial exams passed
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$177,800.00 - $219,200.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.Skills Required
- Extensive knowledge of ERISA funding regulations and FASB accounting rules applicable to defined benefit pension plans
- Bachelor's degree in actuarial science, finance, mathematics, statistics, economics, or related field
- ASA or FSA (Associate or Fellow of the Society of Actuaries)
- Minimum 5+ years of actuarial or institutional investment experience
- Ten or more years of institutional investment experience (background/typical profile)
- Proficiency in Microsoft Office Suite
- Experience with VBA and R programming for modeling and analysis
- CFA designation
- Actuarial exams passed
Bank of America Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.
-
Fair & Transparent Compensation — Pay practices are framed as structured and backed by regular pay-equity analysis, which creates a sense of consistency even when higher pay is desired.
-
Pay Growth & Progression — A high U.S. hourly pay floor of $25/hour is positioned as a meaningful baseline for frontline and support roles, improving perceived competitiveness at the lower end.
-
Parental & Family Support — Parental leave, family-planning reimbursement, backup care, and “Life Event Services” are presented as substantial supports that strengthen the overall rewards package.
Bank of America Insights
What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
Gallery
