Bank of America Separately Managed Accounts Product Specialist in Pennington, New Jersey

Job Description:

Separately managed accounts product specialist


Business Overview

Merrill Lynch Global Wealth and Retirement Services (“GWRS”) provides a comprehensive set of investment products and services, as well as retirement solutions, to the company’s clients and financial advisors globally. GWRS provides the products, tools and content that enables our advisors to help their clients meet their goals while building lasting, productive relationships

The Third Party Investments & Manager Relations team is responsible for the strategic development of the advisory platform strategy via the prioritization and origination of third party manager SMAs on the Merrill Lynch One and SPA platforms. The team collaborates closely with cross-functional groups across the Managed Solutions Group and Global Wealth and Investment Management and acts as primary contact for third party investment managers with the managed accounts overlay and implementation organization.

Enterprise Job Description:

The Product Specialist is directly responsible for assisting with the origination, oversight and maintenance of the Separately Managed Account strategies available on the Merrill Lynch One and SPA platforms. He/She will be responsible for managing the process and procedures that are required to support the SMA business and working closely with the Third Party Program Team, CIO Due Diligence, MSG Control Partners and Third Party investment managers to ensure that all requirements have been met.

Major Responsibilities:

· Deliver ad hoc and routine reports to heat mapping flows, roster depth, roster need to support the roster review / pipeline process

· Liaising with Third Party Programs team and IMG when launching new strategies to ensure proper execution – specifically for SMA products via Quantitative Methodology

· Responsible for maintenance of all platform implications for products maintained under CIO Qualitative Methodologies

· Facilitate Annual Business Due Diligence process – send, receive and organize annual questionnaire responses

· Work with Legal/Risk/Compliance partners to mitigate potential issues with introduction of new strategies and/or changes to existing strategies

· Manage Manager Relations mailbox to facilitate MAA Portal user access requests and ADV updates

· Communicate Security Restrictions lists as needed

· Support Senior Product Specialist in annual MFN Review process

· Facilitate annual ADV process

· Provide FA sales support

· Maintain a log of Reverse Inquiries


Required Skills:

· Bachelor's degree required, preferably a Business or Finance

· 1-4 years of strong understanding financial and wealth management concepts

· Proven excellent verbal and written communication skills; strong presentation skills and a comfort in speaking before an audience

· Must possess PC skills within Windows environment; specifically Excel and PowerPoint

· Excellent critical thinking skills

· Detail oriented with ability to work independently and drive issues to completion

· Ability to partner effectively with a diverse set of stakeholders (e.g., Product, CIO, Legal, Risk, Compliance)

· Strong desire to excel and execute in a dynamic environment

Desired Skills:

· Current FINRA Series 7, 66 (or 63 & 65)

· Experience working with Separately Managed Accounts

· Relationship management/building skills

Posting Date : 05/24/2018

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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