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Alternative Investments Perpetual Funds Platform Specialist

Bank of America

Alternative Investments Perpetual Funds Platform Specialist

Bank of America

New York, NY

·

On-site

·

Full-time

·

1mo ago

Compensation

$91,600 - $144,900

Benefits & Perks

Competitive salary and equity package

Flexible work arrangements

Parental leave

Professional development budget

Comprehensive health, dental, and vision insurance

Generous paid time off and holidays

Equity

Flexible Hours

Parental Leave

Learning

Healthcare

Required Skills

React

Python

Node.js

About Bank of America

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!

About the Role

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.

Responsibilities

  • Partner with private equity/hedge fund origination team and operations team to onboard new funds to the Alternative Investments Platform
  • Respond to inquiries on existing funds from financial advisors and sales team
  • Maintain relationships with fund managers/administrators and develop financial advisor communications
  • Act as liaison for operational issues between Alternative Investments and fund managers/administrators including review of AML documents

Qualifications

  • 2-5+ years of general financial services experience
  • 2 plus years experience in alternative investments preferred
  • 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
  • Bachelor's Degree preferred, preferably in business

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

Work Details

Shift: 1st shift (United States of America)

Hours Per Week: 40

Location: ONE BRYANT PARK - BANK OF AMERICA TOWER, New York, NY

Compensation and Benefits

Pay Range: $91,600.00 - $144,900.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary Incentive: 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.

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About Bank of America

Bank of America

A financial institution that offers credit cards, home loans, and auto loan services.

10,001+

Employees

Charlotte

Headquarters

$316B

Valuation

Reviews

3.7

10 reviews

Work Life Balance

4.0

Compensation

4.2

Culture

4.1

Career

4.0

Management

2.8

75%

Recommend to a Friend

Pros

Great benefits

Good work-life balance and flexible schedule

Positive team environment and culture

Cons

Micromanagement issues

Communication problems with management

High pressure to meet goals and sell products

Salary Ranges

16,604 data points

Mid/L4

VP

Mid/L4 · Analyst

1,221 reports

$101,827

total / year

Base

$92,457

Stock

-

Bonus

$9,370

$69,053

$151,516

Interview Experience

8 interviews

Difficulty

2.9

/ 5

Duration

21-35 weeks

Experience

Positive 0%

Neutral 88%

Negative 12%

Interview Process

1

Application Review

2

HireVue Video Interview

3

Recruiter/HR Screen

4

Technical Phone Screen

5

Final Round/Super Day

6

Team/Location Matching

Common Questions

Technical Knowledge

Behavioral/STAR

Coding/Algorithm

Past Experience

Culture Fit