Investment Manager Selection Specialist - Fixed Income

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:
This job is responsible for providing in-depth knowledge of investment solutions to internal partners including financial advisors. Key responsibilities include sourcing and analyzing investments, monitoring existing fund investments, writing detailed investment memos and commentaries and presenting findings to committees as an individual or team. Job expectations include strong analytical skills with the ability to synthesize information through a quantitative and qualitative lenses, and strong understanding of financial markets.

 

Bank of America-Merrill Lynch is currently seeking a Fixed Income Analyst to play a key role as part of its CIO Due Diligence team that selects third-party investment managers for client investment.  Reporting into the Head of Fixed Income Due Diligence, the Analyst will contribute to the firm’s delivery of a high-quality platform of fixed income investment vehicles (ETFs, mutual funds, separate accounts, etc.). Coverage will be mainly in taxable and municipal fixed income but will also include international fixed income, preferred & tax-managed portfolios.  

 

Responsibilities:

• Educates internal partners including financial advisors on investment solutions using in-depth knowledge
• Thinks strategically and can analyze investment options and relay to clients in understandable manner
• Utilizes strong communication skills both verbal and written
• Manages relationships with internal parties as well as external vendors
• Operates with the ability to detect, compare, and correct errors by checking the data for accuracy and consistency
• Works with more senior leaders and executives utilizing strong executive presence and ability to lead meetings
• Conducts investment manager research to identify new ideas for the platform, as well as monitors existing strategies to ensure any emerging risks are identified and assessed. 
• Accountable for the research opinion on covered strategies and engagement in complex investment conversations with internal and external partners.  Therefore, the candidate must aspire to a research-intensive role and demonstrate an ability to develop and articulate investment insight.

 

Required Qualifications:

• 5+ years of experience in the investment industry, preferably in an analytical role related to investment manager due diligence, equity research, quantitative research, portfolio management/construction, or asset allocation.
• Demonstrated analytical track record of building and defending well-supported investment opinions.
• Collaborative, team-based approach to engaging with peers within the team and across business lines is essential.
• Ability to also operate independently and efficiently manage time for meeting deadlines.
• Working knowledge of Excel, Word, Power Point
• SIE, Series 7, and Series 66 licenses at time of hire or ability to obtain them within 120 days.

 

Desired Qualifications:

• MBA, MS, JD, or CFA

 

Skills:

• Analytical Thinking
• Attention to Detail
• Causation Analysis
• Presentation Skills
• Research
• Critical Thinking
• Data Governance
• Decision Making
• Oral Communications
• Written Communications
• Active Listening
• Data Quality Management
• External Resource Management
• Trading and Investment Analysis
• Vendor Management

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.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$150,000.00 - $228,200.00 annualized salary, 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.