Job Description

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!

Portfolio Management Senior Associate (PMSA), Institutional Investments, Private Banking -

The Portfolio Management Senior Associate (PMSA) is a specialist role that has primary responsibility for assisting the Portfolio Manager(s) in providing customized investment solutions and portfolio management services. PMSAs are investment product experts who act as an additional point of contact for clients and/or as a backup for client-facing Portfolio Managers.

The PMSA will coordinate the internal delivery of investment services through the appropriate channels within the CIO groups. Additionally, PMSAs will seek out new business opportunities from existing books of business and assist other service associates as needed.

Position Description :

• In addition to the ability to deliver generalist support and as part of the Client Team, actively support Portfolio Managers to meet clients’ investment needs and expectations
• Support Portfolio Managers with portfolio composition analysis and in achieving asset allocation monitoring, investment policy statement quality and completeness
• Responsible for:
  • Client Presentations (i.e. Asset Allocation and Performance Reporting)
  • Investment Policy Statement Create, Update & Affirm
  • Trading
  • Account Re-balancing
  • Daily Monitoring (Non-Policy / BAC / Client-Directed Sale, etc.)
  • Compliance clean-ups
  • Reg. 9
  • Asset Allocation Monitoring, Portfolio Analysis and Stochastic Modeling
  • Idea Generation
  • Market & Platform Research
  • Administrative dues as required
  • Ensuring management of concentration documentation
• Assist in developing and/or delivering solution specific investment proposals
• Proactively identify deepening opportunities while performing existing responsibilities and engaging in meaningful interactions
• Leverage experience and deep expertise to manage and/or execute client investment transactions
• Participate in Client Management Process (CMP) activities including supporting delivering a branded client experience and meaningful interactions
• Coordinate with Client Teams and partner to deliver an integrated service to the client and identify and resolve issues in an effective and timely manner
• Ensure adherence to all internal policies and compliance to legal and regulatory requirements

Qualifications :

• 3-5 years of investment industry experience with a financial institution focusing on investments, research, client service and sales preferred
• CFA candidate desired
• Strong investment acumen/intellectual curiosity
• General interest in being a portfolio manager
• Strong analytical skills and demonstrated ability to problem-solve
• Polished communicator both verbally and in written form
• Portfolio construction and trading knowledge
• Organized and able to multi-task
• BS/BA degree in Business, Finance, Economics desired

Skills :

• Critical Thinking
• Customer and Client Focus
• Prioritization
• Problem Solving
• Risk Management
• Attention to Detail
• Business Acumen
• Collaboration
• Decision Making
• Written Communications
• Active Listening
• Analytical Thinking
• Networking
• Organizational Effectiveness
• Result Orientation

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

For internal employees; participation in a work from home posture does not make you eligible to post.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CT - Westport - 1 Gorham Is - One Gorham Island (CT2193), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100), US - RI - Providence - 1 Financial Plaza (RI1537) Pay and benefits information Pay range $30.46 - $46.63 hourly pay, 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. #J-18808-Ljbffr

Job Tags

Hourly pay, Full time, Shift work, Day shift,

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