11 hours

Product Specialist III

Bank of America
New York, NY
  • Job Code
Company Bank of America

Job Title Product Specialist III

Jobid bankofamerica-17072209NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**

The candidate would primarily be responsible assisting the coordinating Unit Investment Trust (UIT) origination and due diligence process across several internal and external parties. The role requires analytical work, asset manager relationship management, live deal support, management reporting, FA support, marketing and sales skills and some ad hoc reporting and administrative tasks. The role may also include responsibilities relating to the development and improvement of business group processes and technology.

Specific responsibilities consist of:

- Determining the validity of investment concept and marketability of a new proposed fund based on BAML Research connectivity, FA and client desire, overall suitability, merits of the implementation strategy, market conditions and ability to raise assets

- Performing diligence on offerings, meeting with PM team, comparing and contrasting with competing issuers products and preparing write-up on pertinent findings for presentation to committee.

- Initiating process for UIT set up and establishment on system. Insuring process moves smoothly through multiple internal and external counterparts.

- Provide product expertise and assistance in all matters related to UITs for FAs. Includes product implementation, high level tax consequences, rollover support, order entry support, portfolio review and problem solving.

- Preparing presentation materials for and presenting the UIT platform and individual offerings at multiple functions and conference calls including AES, office and complex conferences, national due diligence meetings and various educational and support meetings.

- Working with internal counsel, compliance, and RP for creation and distribution of various marketing materials, including Fact Cards, FA brochures, newsletters and educational pieces

-- Working closely with the issuer to create and launch new UITs in line with or licensed by BAML Research. Ensure all risks are reviewed for the firm including reputational risk a joint partnership would present

- Monitoring the overall UIT market in order to provide market color to management, advisors and other relationships across the firm

- Work closely with Issuer partners to identify opportunities for greater partnership, increased sales and new innovative products.

- Provide wholesaler support to issuer partners including direction, office interaction and opportunity identification

- Partnering with groups across BAML including Global Corporate & Investment Banking, Prime Brokerage, Global Capital Markets, and Alternative Investments to deliver the firm holistically to key asset manager relationships


• Bachelor’s degree in related field

• Strong project management skill required. Able to prioritize and deal with shifting deliverables and deadlines,

• Proven experience to work with groups as well as individually. Strong interpersonal skills required.

• Proven strong verbal & written communication skills

• Prior experience working with Microsoft Office (primarily Excel, PowerPoint and Word) and Bloomberg.

• Investment product knowledge and client facing experience are a must

• 5+ years of experience in a related financial services product role such as mutual funds, closed-end funds or unit investment trusts

• Exposure to different asset classes at a high level, to have an understanding of differences between corporate bonds, municipal bonds, asset backed securities and equities,

•Current 7, 63, 65 or 7 and 66 is required OR must receive licenses within 120 days from start

**Posting Date** : 10/25/2017

**Location** :


- United States

**Travel** : Yes, 5% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

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Product Specialist III

Bank of America
New York, NY

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Product Specialist III

Bank of America
New York, NY

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