Bank of America Closed End Fund / Unit Investment Trust Specialist in New York, New York

Job Description:

CEF / UIT Job Description

o The candidate would client facing and primarily be responsible assisting the coordinating both Closed End Fund (CEF) and 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.

o Specific responsibilities consist of:

Client facing role focused on the 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 LOB diligence with 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 CEF & UIT set up and establishment on system. Insuring process moves smoothly through multiple internal and external counterparts. Working with internal counsel, compliance, and RP for creation and distribution of various marketing materials, including Fact Cards, FA brochures, newsletters and educational pieces

Preparing presentation materials for and presenting the CEFs & UIT platform to asset managers at venues such as conference calls including AES, office and complex conferences, national due diligence meetings and various educational and support meetings.


• 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

• 4+ 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, and 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 : 05/16/2018

Location :


  • United States

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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