Alternative Investments Business Governance Associate

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

This job is responsible for assisting with market research and competitor analysis to help inform product pricing and enhancements to product offerings. Key responsibilities include performing routine research, coordination and maintenance of required routines and governance documentation, and supporting the execution of product management processes and plans. Job expectations include conducting detailed and thorough research and analysis, ensuring all administrative routines and documentation support product management efforts as defined by Senior Product Specialists.

Responsibilities:

The Alternative Investments (“AI”) and Personal Retirement Solutions (“PRS”) groups at Bank of America offers distinctive capabilities focused on sourcing and delivering differentiated complex investment strategies to clients: Private Equity, Hedge Funds, Annuities, Insurance, and Education savings (529) products.

AI and PRS Oversight Team is responsible for fostering a best in class operating and risk management culture across the AI and PRS organizations.  The team collaborates with all the groups across the AI and PRS organizations to understand the different products and processes in order to ensure consistent operations, controls and governance.

The team is looking for a highly motivated individual to participate of key initiatives and support business oversight risk routines across the AI, PRS, and Investment Solutions Group (“ISG”) organizations. This position will report directly to the Head of Business Oversight for AI and PRS. 

Supports Senior Product Specialists with comprehensive research to inform future strategies, including opportunities for product enhancements or product pricing

• Owns coordination of all required and supporting routines, documentation and processes related to management of offering or product

• Supports research and delivery of information on product trends to sales and marketing teams leveraging knowledge of product functionality, marketplace trends, and the competitive landscape

• Assists with the maintenance of product financials, including managing the investment profile and profit and loss (P&L) activities, such as revenue and profit margins

• Identifies opportunities to streamline processes and governance documentation

Responsibilities will include:
• Participating initiatives designed to enhance controls and governance and oversee their implementation
• Supporting governance committees, counsels, forums, and working groups
• Working collaboratively with business units and other control groups on key organizational projects
• Updating and Maintaining policies and procedures
• Performing business oversight processes for AI, PRS, and the Investment Solutions Group

Required Qualifications:

• Strong organizational skills; ability to work independently and manage to aggressive deadlines
• Ability to multi-task, managing various tasks and deliverables with simultaneous deadlines
• Ability to build effective relationships
• Flexibility and quick adaptation to changing priorities, methodologies, processes and systems
• Proficient in Microsoft Office (Intermediate Excel (Vlookup, Pivot tables, charts, etc.), PowerPoint

-Bachelor's degree or minimum of one year of relevant experience

Desired Qualifications:

Background in corporate governance, alternative investments, or retirement products is a plus but not required

1-2+ years financial services or related field experience

Skills:

• Administrative Services
• Attention to Detail
• Collaboration
• Oral Communications
• Process Management
• Business Analytics
• Continuous Improvement
• Problem Solving
• Quality Assurance
• Written Communications
• Critical Thinking
• Data Governance
• Product Management
• Reporting
• Strategic Thinking

Minimum Education Requirement: Bachelor’s degree or equivalent work experience

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

$45.46 - $55.55 hourly pay, 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.