Investment Manager Selection Analyst- Hedge Fund Investment Due Diligence
Bank of America, New York, NY, United States
Responsibilities
Conducts primary manager due diligence; both initial and ongoing on mutual fund and separate account vehicles. Primary responsibility includes maintaining the integrity of Domestic Equity, Fixed Income or International Equity investment manager rosters.
The position sits within Chief Investment Office Investment Manager Selection (CIO DD). The Hedge Fund Investment Due Diligence team within CIO DD is dedicated to identifying the best hedge fund strategies to fulfill client asset allocation mandates across Bank of America’s wealth management platforms. CIO DD supports Merrill and Private Bank clients and associates. This position will be based in New York City and responsibilities include:
Monitors existing hedge funds on Bank of America’s wealth platforms, and tracks and maintains portfolio information and other related data.
Contributes to the sourcing and initial due diligence of prospective Hedge Funds, including evaluating stated strategies, investment processes, risk controls, team capabilities, fund particulars (such as structure, fees, liquidity terms and other factors) and an array of quantitative measures.
Prepares written findings and presents those findings to business partners, Financial Advisors, and clients.
Prepares commentary and data on hedge funds for use in Financial Advisor-facing publications.
Tracks and assesses risk data, constructing investment reports, and assists in various projects.
Fosters a positive culture and work environment for all teammates.
Required Qualifications
3-5+ years of experience in the financial sector.
Demonstrated ability to interpret statistics such as returns (measured over different time periods and market conditions) and risk measurements.
Passionate interest in investments or finance and strong analytical, research, and organizational skills.
Strong written and oral communication skills.
Superior attention to detail and the ability to independently manage multiple projects in an accurate and timely manner.
Team player with a desire to work in a collegial environment.
Series 7 and Series 66 (or Series 63 & 65) required, or ability to obtain within 120 days of hire.
Desired Qualifications
An undergraduate degree from a top-tier educational institution.
CFA designation, or progress towards the CFA designation.
Strong quantitative and modeling skills and experience.
Skills
Analytical Thinking
Attention to Detail
Causation Analysis
Presentation Skills
Research
Critical Thinking
Oral Communications
Written Communications
Active Listening
Data Quality Management
Trading and Investment Analysis
Shift
1st shift (United States of America)
Hours Per Week
40
Pay and benefits details
Location: US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay range: $118,700.00 - $169,700.00 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 the 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.
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Conducts primary manager due diligence; both initial and ongoing on mutual fund and separate account vehicles. Primary responsibility includes maintaining the integrity of Domestic Equity, Fixed Income or International Equity investment manager rosters.
The position sits within Chief Investment Office Investment Manager Selection (CIO DD). The Hedge Fund Investment Due Diligence team within CIO DD is dedicated to identifying the best hedge fund strategies to fulfill client asset allocation mandates across Bank of America’s wealth management platforms. CIO DD supports Merrill and Private Bank clients and associates. This position will be based in New York City and responsibilities include:
Monitors existing hedge funds on Bank of America’s wealth platforms, and tracks and maintains portfolio information and other related data.
Contributes to the sourcing and initial due diligence of prospective Hedge Funds, including evaluating stated strategies, investment processes, risk controls, team capabilities, fund particulars (such as structure, fees, liquidity terms and other factors) and an array of quantitative measures.
Prepares written findings and presents those findings to business partners, Financial Advisors, and clients.
Prepares commentary and data on hedge funds for use in Financial Advisor-facing publications.
Tracks and assesses risk data, constructing investment reports, and assists in various projects.
Fosters a positive culture and work environment for all teammates.
Required Qualifications
3-5+ years of experience in the financial sector.
Demonstrated ability to interpret statistics such as returns (measured over different time periods and market conditions) and risk measurements.
Passionate interest in investments or finance and strong analytical, research, and organizational skills.
Strong written and oral communication skills.
Superior attention to detail and the ability to independently manage multiple projects in an accurate and timely manner.
Team player with a desire to work in a collegial environment.
Series 7 and Series 66 (or Series 63 & 65) required, or ability to obtain within 120 days of hire.
Desired Qualifications
An undergraduate degree from a top-tier educational institution.
CFA designation, or progress towards the CFA designation.
Strong quantitative and modeling skills and experience.
Skills
Analytical Thinking
Attention to Detail
Causation Analysis
Presentation Skills
Research
Critical Thinking
Oral Communications
Written Communications
Active Listening
Data Quality Management
Trading and Investment Analysis
Shift
1st shift (United States of America)
Hours Per Week
40
Pay and benefits details
Location: US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay range: $118,700.00 - $169,700.00 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 the 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.
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