Job Information
Bank of America Private Equity and Real Assets Sourcing and Origination Senior Product Specialist in New York, New York
Private Equity and Real Assets Sourcing and Origination Senior Product Specialist
New York, New York
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
Acts as the senior product representative on a client team and is solely responsible for all product transactions with key clients. Negotiates fee structures. Has extensive, in-depth knowledge of product functions and can operate independently in handling transactions. Strong client relationship skills used to control and coordinate all aspects of a transaction, from marketing and documentation to closing. Develops aggressive marketing plans and strategies affecting an entire region or section.
The Private Equity/Real Assets Product Sourcing & Origination team strives to develop and maintain a comprehensive product offering calendar across Private Markets including: Private Equity, Credit, Real Estate, Infrastructure, Special Situations and Energy Transition within its Alternative Investments platform for various client demographics.
In addition to product sourcing, deal negotiating and feeder fund structuring this position may require connectivity with financial advisors and clients to execute complex product transactions across private placements and RICs.
The role is an integral part of the broader team Private Markets team responsible across the illiquid spectrum of Alternative Investments including private equity, real estate, real assets, credit and special situations as well as perpetual and evergreen offerings.
Initiatives specifically include:
Sourcing managers/funds
Onboarding managers and launching feeder funds and direct investments
Determining offering and pricing structures
Negotiating terms
Managing external funds relationships while assisting on existing products
Driving initiatives that advance and support a robust Alternative Investments platform that meets the unique needs of the private bank / institutional clients
The Private Equity/Real Assets Product Origination team strives to develop and maintain a comprehensive product offering calendar across its Alternative Investments platform for various client demographics.
In addition to product sourcing, deal negotiating and feeder fund structuring this position may act as secondary coverage for financial advisors and clients to execute complex product transactions across private placements and RICs.
The role works alongside the broader team Private Equity/Real Assets Origination team responsible across the illiquid spectrum of Alternative Investments including private equity, real estate, real assets, credit and special situations.
Initiatives specifically include:
Sourcing managers/funds
Onboarding managers and launching feeder funds and direct investments
Determining offering and pricing structures
Negotiating terms
Managing external funds relationships while assisting on existing products
Driving initiatives that advance and support a robust Alternative Investments platform that meets the unique needs of the private bank / institutional clients
Responsibilities :
Specific responsibilities for Origination efforts will include but not be limited to:
Working in conjunction with Sales and Due Diligence to determine appropriate funds to offer to ML clients
Developing appropriate legal structure and operational process for each product
Assisting in determining pricing structures
Negotiating business and operating terms with fund managers
Coordinating launching and oversight of private equity funds
Coordinating investment and business due diligence efforts
Ensuring proper internal and external legal review
Coordinating internal review processes
Creating contractual agreements and business proposals
Analyzing private equity offering documents to determine business, legal and headline risk
Maintaining comprehensive knowledge of all private equity fund structures, terms and other industry trends
Specific responsibilities for the management of existing products and external fund relationship efforts will include but not be limited to:
Coordinating appropriate actions to address developing matters with existing funds
Drafting formal communications for financial advisors and clients
Ongoing maintenance of platform collateral
Integration of offerings across the Bank of America platform
Required Qualifications:
Knowledge of financial markets required, a lean toward private markets preferred.
Demonstrated capability to work in a team environment
Ability to manage and execute multiple projects
Excellent written and verbal communication skills
Bachelor’s degree (concentrated in Finance or related field)
8-10+ years of alternative experience, preferably within private equity origination or deal sourcing
Desired qualifications:
Series 7 and 66 preferred or must be willing to obtain within 120 days of start date
Business MBA preferred
Skills
Analytical Thinking
Customer and Client Focus
Financial Forecasting and Modeling
Monitoring, Surveillance, and Testing
Risk Management
Causation Analysis
Client Management
Market Analysis
Product Marketing and Branding
Relationship Building
Negotiation
Networking
Presentation Skills
Product Management
Minimum education requirements: Bachelors degree
Shift:
1st shift (United States of America)
Hours Per Week:
40
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 and affirmative action, 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.
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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 .