Alternative Investments Perpetual Funds Platform Specialist
New York, New York
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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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Serve as primary Global Product & Strategy liaison with Operations, Client Services, Systems and Project Management for products and processes that cross multiple lines of business (CFA) and market segments. Coordinate and communicate requests from within Product Management back to business units and vice versa. Maintain thorough knowledge of systems and operations processes for products supported. Day-to-day responsibilities include maintaining subject matter expertise for platform functionality (including technical), product rules, regulations, guidelines and service agreements; resolve chronic service delivery or product support issues identified by client service/support organizations; act as key product representative in projects related to platform conversions/upgrades, platform or operations consolidations; act as Facilitator and/or key product representative for "best practices" and operations efficiency discussions; communicate project status to key business partners; create and communicate credit risk policies and procedures as well as implementation standards and procedures; perform product volume and trend analysis and forecasting; perform analysis on unit cost and impact to product profitability and review pricing across market segments. Will provide guidance and manage and facilitate high level strategic initiatives.
Acts as a product representative and is responsible for negotiating operational fund onboarding requirements with fund managers and transfer agents. Has extensive, in-depth knowledge of product functions and can operate independently in handling transactions. Strong client relationship skills used to control and coordinate all aspects of a transaction, from onboarding to the ongoing client/advisor experience. Typically three plus years experience in a similar role.
Responsibilities:
Partners with private equity/hedge fund origination team and operations team to onboard new funds to the Alternative Investments Platform
Responds to inquiries on existing funds from financial advisors and sales team
Maintains relationships with fund managers/administrators and develop financial advisor communications
Acts as liaison for operational issues between Alternative Investments and fund managers/administrators including review of AML documents
Required Qualifications:
2+ years of general financial services experience
Strong communication skills, ability to collaborate across business groups
Ability to multi-task and simultaneously manage daily responsibilities and projects
Self-starter and creative thinker
History of process improvement
Excel, Word and PowerPoint skills
Desired Qualifications:
Bachelor's Degree, preferably in business.
2+ years experience in alternative investments
Skills:
Analytical Thinking
Customer and Client Focus
Financial Forecasting and Modeling
Monitoring, Surveillance, and Testing
Risk Management
Causation Analysis
Client Management
Market Analysis
Product Marketing and Branding
Relationship Building
Negotiation
Networking
Presentation Skills
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
