Back to search results Investment Management Specialist NEW YORK, New York Additional locations Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Job Description:Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.Merrill's Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.Merrill 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 Merrill, we empower you to bring your whole self to work. We value the unique perspectives in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different skills and experiences that individuals bring from all backgrounds and careers; whether gained through 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.Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.Job Description:This job is responsible for performing specialized functions across a Financial Advisors (FAs) team, such as defining an FA's or FA team's overall investment management philosophy through portfolio analysis and performing business management and business development activities. Key responsibilities include providing operational support and quality client service through offering a full range of investment products and services across the enterprise. Job expectations include leveraging specialists and financial planning tools to deliver holistic investment solutions. This position may be responsible for the provision of residential mortgage loans, and as such, is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential mortgage loan originations must register with the federal registry system and remain in good standing. Since this position requires SAFE Act registration, employees are required to register and to submit to the required SAFE Act background check. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.Investment Management Specialists are responsible for supporting the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through executing on portfolio analysis and sharing expertise in a wide range of investment product areas. They ensure risk profiles, goals, objectives and asset allocations are aligned and reflected properly for each client. They deliver a full range of investment products and services across the enterprise ensuring alignment to client goals and strategies while leveraging specialists and applicable investment management tools where appropriate. They partner with internal specialists to deliver holistic investment solutions by identifying targeted investment strategies. They assist in the preparation of client performance review reports to measure progress to goals.Responsibilities:Maintains an understanding of the Chief Investment Office (CIO) philosophy, proprietary planning, and investment management toolsMonitors, analyzes, and reviews the current market environment and research portfolio recommendationsMonitors and manages client portfolios to align with client goals, objectives, risk tolerance, and time horizonsReviews and manages team proprietary models to align with current market assumptions by participating in CIO and manager updates and reviewing reports and allocation updatesCreates analytical reports for Financial Advisors to review client investment portfolio performances against market returnsAssesses and shares pricing findings with clients to ensure understanding of the value of advice and accompanying solutionsRole ResponsibilitiesAnalyze and understand Merrill and third party researchMonitor and respond to market and non-financial current eventsEffectively navigate proprietary planning and investment management toolsDeliver investment management tools, including but not limited to investment proposal, CRC, etc.Monitor and analyze book pricing internally for FA teamConvey pricing to ensure client's understanding of the value of advice and accompanying solutionsDeep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current market environmentMonitor and manage client portfolios to align with client goals, objectives, risk tolerance and time horizonsResearch portfolio recommendations for Investment Committee reviewPrepare materials and coordinate weekly Investment Committee meetingsProactively review and manage team proprietary models to align with the Investment Committee decisionsManage ML One variances/enrollments/updates/withdrawals/terminationsServe as Primary/Lead Team Member for processing PIA trades in PortfolioProcessing of all trades (discretionary or non-discretionary)Create analytical reports for FAs to review client investment portfolio performances against market returnsPropose client recommendations/changes based on client goals, risk tolerance, time horizon and objectivesRole RequirementsEither Series 7 and 66 licenses or Series 7, 63, and 65 licenses; must obtain all state registrations held by the Financial Advisor(s) and Advisor Team(s) they supportSAFE ACT RegistrationIndividuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission ("SEC")Obtain and/or maintain at least one firm approved designationPossess and demonstrate strong communication skillsThorough knowledge and understanding of the suite of Wealth Management products and servicesStrong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate riskAbility to make sound decisions by having a deep understanding of investment management best practices and policies/proceduresAbility to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in a suitable and controlled waySkills:Causation AnalysisFinancial ManagementInvestment ManagementTrading StrategyTrading and Investment AnalysisPortfolio AnalysisPortfolio ManagementPrice Verification and ValuationTrade MonitoringTradingClient Investments ManagementClient Solutions AdvisoryFinancial AnalysisFinancial Forecasting and ModelingWealth PlanningMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentShift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Full time JR-26020601 Manages People: No Travel: No Age requirement: Must at least be 18 years of age. New York pay and benefits information New York pay range: $55,000.00 - $96,000.00 annualized salary, offers to be determined based on experience, education and skill set. Formulaic incentive eligible This role is eligible to participate in a formulaic incentive plan. Employees are eligible for incentives as detailed by the specific line of business incentive plan provisions. Formulaic plans may be comprised of monthly, quarterly and/or annual incentive opportunities. Incentives are earned based on the employee's performance against defined metrics. 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 Share: Save job Job saved