Senior

Private Equity and Real Assets Sourcing and Origination - Senior Product Specialist

New York, United States · On-site

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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

Job Description: Acts as a senior product representative on a team and is responsible for product transactions with key fund sponsors. 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.

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

Responsibilities:

Works in conjunction with Sales and due Diligence to determine appropriate funds to offer to ML clients
Develops appropriate legal structure and operational process for each product
Assists in determining pricing structures
Negotiates business and operating terms with fund managers
Coordinates launching and oversight of private equity funds
Coordinates investment and business due diligence efforts
Ensures proper internal and external legal review
Coordinates internal review processes
Creates contractual agreements and business proposals
Analyzes private equity offering documents to determine business, legal and headline risk
Maintains 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:

Coordinates appropriate actions to address developing matters with existing funds
Drafts formal communications for financial advisors and clients
Ongoing maintenance of platform collateral
Integration of offerings across the Bank of America platform

Required Qualifications:

8+ years of general financial industry experience
Knowledge of financial market 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
SIE, Series 7, 63/65 or Series 66 or must be willing to obtain within 120 days of start date

Desired Qualifications:

Bachelor’s degree (concentrated in Finance or Business MBA preferred)
Strong alternative experience, within private equity origination or deal sourcing

Skills:

Analytical Thinking
Customer and Client Focus
Financial Management
Presentation Skills
Risk Management
Business Development
Client Management
Client Solutions Advisory
Market Analysis
Negotiation
Causation Analysis
Financial Forecasting and Modeling
Product Management
Relationship Building
Result Orientation

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

$116,000.00 - $225,000.00 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.