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Endowment & Foundation Specialist

Chicago, Illinois;

Job Description:

Business Overview

Bank of America Private Bank is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

Summary of Position

The Endowment & Foundation Specialist (EFS) is a producing role directly responsible for driving growth in the OCIO business within their assigned division. This individual will serve as territory team leader and will proactively prospect for institutional business in the assigned division, in addition to driving the sales strategy with the Institutional EFS' s across markets.

Major Responsibilities

  • Drive asset and revenue growth in the institutional business within division
  • Identify and qualify larger more complex institutional prospects
  • Drive sales process for opportunities sourced by PCAs/ICAs and ML GIC FAs
  • Work closely with EFSs in division to review pipeline and ensure resources are appropriately aligned
  • Act as initial point of contact for GIC FAs and Bankers for new opportunities within division to assess deal potential, prioritize resources and build sales team
  • Maintain high level involvement as a senior member of relationship management team on larger more complex new client relationships
  • Generate prospect referrals from new relationships
  • Work with internal specialized industries’ leadership to set execution strategy, uncover opportunities and drive growth within the division
  • Point of contact for specialized industries’ bankers to evaluate, position and develop appropriate solutions for division opportunities
  • Partner closely with relationship managers, OCIO Champions and Private Bank High Net Worth Division Exec to drive growth and ensure segment-based OCIO strategies are being executed within division
  • Cultivate institutional and not-for-profit consultant network
  • Act as subject matter expert for investments and OCIO opportunities within division
  • Attend and present at industry conferences
  • Define division implementation of market tier/segmentation strategy working with SE and EFSs

Key Skills, Competencies & Qualifications

  • Deep understanding and expertise in investments, asset allocation, investment and spending policies
  • Bachelor's degree required.
  • Expertise and knowledge around alternative investments including hedge funds, private capital, real estate, timber and farmland
  • Understand how to navigate the organization to clear obstacles and get business closed
  • Strong influencing, collaboration and relationship management skills
  • Experience and credibility as a sales practitioner
  • Strong presentation and public speaking skills
  • Ability to diagnose needs and structure RFPs to address needs and win business
  • Strong listening and probing skills
  • Deep understanding of key institutional segments and institutional investment trends and strategies
  • Deep and wide knowledge of GWIM investment solutions, UST investment strategy and platform

Desired Qualifications

  • 10+ years of successful experience selling asset management services to non-profit entities, foundations, endowments and pensions
  • History of marketing and selling OCIO services and solutions to nonprofits with a strong track record in closing business with nonprofits with AUM
  • Experience positioning and selling complex investment solutions to investment committees, trustees and senior staff of large nonprofits
  • 7, 63 and 65 licenses. CIMA and or CFA preferred.

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Business Overview

Bank of America Private Bank is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

Summary of Position

The Endowment & Foundation Specialist (EFS) is a producing role directly responsible for driving growth in the OCIO business within their assigned division. This individual will serve as territory team leader and will proactively prospect for institutional business in the assigned division, in addition to driving the sales strategy with the Institutional EFS' s across markets.

Major Responsibilities

  • Drive asset and revenue growth in the institutional business within division
  • Identify and qualify larger more complex institutional prospects
  • Drive sales process for opportunities sourced by PCAs/ICAs and ML GIC FAs
  • Work closely with EFSs in division to review pipeline and ensure resources are appropriately aligned
  • Act as initial point of contact for GIC FAs and Bankers for new opportunities within division to assess deal potential, prioritize resources and build sales team
  • Maintain high level involvement as a senior member of relationship management team on larger more complex new client relationships
  • Generate prospect referrals from new relationships
  • Work with internal specialized industries’ leadership to set execution strategy, uncover opportunities and drive growth within the division
  • Point of contact for specialized industries’ bankers to evaluate, position and develop appropriate solutions for division opportunities
  • Partner closely with relationship managers, OCIO Champions and Private Bank High Net Worth Division Exec to drive growth and ensure segment-based OCIO strategies are being executed within division
  • Cultivate institutional and not-for-profit consultant network
  • Act as subject matter expert for investments and OCIO opportunities within division
  • Attend and present at industry conferences
  • Define division implementation of market tier/segmentation strategy working with SE and EFSs

Key Skills, Competencies & Qualifications

  • Deep understanding and expertise in investments, asset allocation, investment and spending policies
  • Bachelor's degree required.
  • Expertise and knowledge around alternative investments including hedge funds, private capital, real estate, timber and farmland
  • Understand how to navigate the organization to clear obstacles and get business closed
  • Strong influencing, collaboration and relationship management skills
  • Experience and credibility as a sales practitioner
  • Strong presentation and public speaking skills
  • Ability to diagnose needs and structure RFPs to address needs and win business
  • Strong listening and probing skills
  • Deep understanding of key institutional segments and institutional investment trends and strategies
  • Deep and wide knowledge of GWIM investment solutions, UST investment strategy and platform

Desired Qualifications

  • 10+ years of successful experience selling asset management services to non-profit entities, foundations, endowments and pensions
  • History of marketing and selling OCIO services and solutions to nonprofits with a strong track record in closing business with nonprofits with AUM
  • Experience positioning and selling complex investment solutions to investment committees, trustees and senior staff of large nonprofits
  • 7, 63 and 65 licenses. CIMA and or CFA preferred.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21062623

Band: H4

Manages People: No

Travel: Yes, 50% of the time

Manager:

Talent Acquisition Contact:

Pamela Craven

Referral Bonus:

0