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UHNW Sr. Product Specialist - OTC EQ

New York, New York

Job Description:

The Investment Solutions Group (ISG) provides investment solutions, trading capabilities, fiduciary execution, advisor and client support for all Bank of America’s wealth channels including Merrill Lynch Wealth Management, BofA Private Bank and Merrill Edge. ISG serves around three and a half million clients and eighteen thousand advisors across these channels. The vision of ISG is to deliver industry leading investment offering and platforms that support wide range of client segments’ needs leading to exceptional client outcomes. ISG offers a wide breath and depth across investment solutions, trading and fiduciary execution including traditional investments, alternative investments, personal retirement solutions, impact solutions.

Job Description:

The Structuring, Origination and UHNW Solutions team (“the Team") is cross-asset structured products unit responsible for originating, structuring, positioning and executing transactions for both retail and Ultra High Net Worth clients based across the Americas. Focus on over-the-counter and securitized cross-asset products with embedded vanilla or light-exotic optionality on equity, commodities, currencies, interest rates and hybrid underlying assets.

As part of their responsibilities, professionals on the Team develop research-driven strategic and tactical trading ideas; interact with Financial Advisors to provide advice on portfolio hedging and positioning based on client's objectives and risk tolerance; and engage in the structuring, origination, positioning and execution of OTC derivatives and fully funded transactions across all the asset classes.

The ideal candidate will have strong OTC Equity Derivatives background with at least partial cross-asset derivatives skills and a minimum of 5 years of prior experience working in both client coverage and OTC derivatives capacity, with strong focus on and Hedging & Monetization preferably.

The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills. This person will be responsible for all aspects of the origination and marketing of the previously mentioned products; including preparing term sheets, ideas/marketing materials and presentations; pricing derivatives and executing transactions. The candidate will be extremely organized and motivated, and should have a general knowledge of global economies, macro topics and financial markets

  • Main focus is to facilitate the origination, marketing, pricing, positioning and execution of Equity OTC products, with focus on Hedging & Monetization and other single stock risk management solutions
  • Partial focus in facilitating the origination, marketing, pricing, positioning and execution of other OTC derivatives across different asset classes as well as Market-Linked Investments (Structured Notes).
  • Interact with specialists, financial advisors, trading and structurers on a daily basis to relay market color, research, and trading related information
  • Identify research-driven trading ideas and market opportunities to drive business
  • Liaise and interact with traders to facilitate transactions and provide competitive pricing for clients
  • Conduct marketing presentations in front of large audiences
  • Assist in the on-boarding process of clients
  • Liaise with senior management and members of legal, compliance, trading and research
  • Proactively develop and maintain relationships with financial advisors and clients

Job Requirements:

  • At least 8 to 10 years of relevant work and analytical experience in the areas described above
  • Multi-tasking and ability to work under pressure
  • Strong marketing and presentation skills
  • Ability to work as a team player in a dynamic, fast-paced and collaborative work environment
  • FINRA registered representative with Series 7 and 66 (or 63/65) required at time of hire
  • Strongly prefer candidates with 79 license, or willing to obtain after hire.
  • MS, MBA and/or CFA are desirable but not necessary
  • Excellent Bloomberg and  MS Office skills
  • Very Strong quantitative, analytical and communication skills


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: Yes, 10% of the time

New York pay and benefits information

New York pay range:

$175,500 - $277,700 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.


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.

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036