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Manager Selection Analyst

New York, New York

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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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Bank of America-Merrill Lynch is currently seeking an Equity 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 Equities Due Diligence, the Analyst will contribute to the firm’s delivery of a high-quality platform of equity investment vehicles (mutual funds, separately managed accounts, active ETFs. etc.). Focus areas may vary depending on needs and can include U.S. and international equities, tax-managed & direct-indexing and multi-asset portfolios. The Analyst will conduct investment manager research to identify new strategies for the platform, as well as monitor existing strategies to ensure any emerging risks are identified and assessed. Upon successful development of base skills, this position will have accountability for the research opinion on covered strategies and engagement in complex investment conversations with internal and external partners, including financial advisors. Therefore, the candidate must aspire to a research-intensive role and demonstrate an ability to develop and articulate investment insight and opinion.

Conducts primary manager due diligence; both initial and ongoing on mutual fund and separate account vehicles.

Primary responsibility includes:

* maintaining the integrity of Domestic Equity, Fixed Income or International Equity investment manager rosters.

* quantitative and qualitative analysis of investment management firms, investment portfolios, relevant market indices and peer groups

* research global equities markets

* support financial advisors and Specialist teams with investment solution and asset class insights

* engage with internal partners to inform them of key issues related to investment management firms and investment solutions

* create/write investment notes to Financial Advisors and Clients

* engage with third-party investment managers including portfolio managers, equity analysts, relationship/marketing team

Skills:

• 2-5+ 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.

• A demonstrated analytical track record of building and defending well-supported investment opinions.

• Candidates with investment-oriented career path interests are preferred. Success in the role requires self-motivation to constantly question and go deeper into analytical discovery.

• A collaborative, team-based approach to engaging with peers within the team and across business lines is essential.

• An ability to also operate independently and efficiently manage time for meeting deadlines.

• Alignment with the Values and Purpose of Bank of America.

• Working knowledge of Excel, Word, Power Point

• MBA, MS, JD, or CFA preferred

Must have a 7 and 66 or achieve the licenses within 120 days

+ Analytical Thinking

+ Attention to Detail

+ Causation Analysis

+ Presentation Skills

+ Research

+ Critical Thinking

+ Oral Communications

+ Written Communications

+ Active Listening

+ Data Quality Management

+ Trading and Investment Analysis

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

$118,700.00 - $169,700.00 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.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.