Specialty Asset Management Associate €“ Private Business Group

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:
Manages Specialty Assets within The Private Bank Group while learning the complexities and techniques of client service along with the fiduciary aspects of a given segment of Specialty Assets, i.e. real estate, farm & ranch, timberland, oil & gas, Private Businesses. Also assist in developing new business opportunities by going on sales calls with key partners. Works under the supervision of a regional manager or team leader.

Responsibilities:

Private Business Group manages investments in private companies held in trusts, estates, and investment management accounts. This role supports the management and governance of these business entities. Responsibilities include ensuring that all business entities remain compliant with applicable laws and regulations with regard to annual meetings, status filings, and over governance matters. Role also includes interacting with Asset Managers, account officers, and external Accountants and Attorneys who work for the companies held in fiduciary accounts. Other responsibilities may include interacting with companies that our clients invest in that which we do not have a controlling interest and certain holding companies wherein the Bank manages all underlying assets. Role will also handle certain accounting, income, and disclosure matters regarding these assets.

This role requires thorough familiarity with business entity forms (corporation, partnership, LLC, etc.), the governing documents of each, and the governance routines for each. Typical duties for any given entity include facilitating the annual meeting for a company and other matters in accord with the company’s governing documents and working with company counsel to update state status filings and handling new requirements under Corporate Transparency Act.

Required Qualifications:

• 2+ years of experience as a Paralegal (supporting business law), Accountant, or Financial Analyst

Desired Qualifications:

• 2+ years of experience in investment analysis or related field desired
• Highly organized, possess polished communication skills, and the ability to interact with seasoned professionals internally and externally

Skills:

• Collaboration
• Decision Making
• Innovative Thinking
• Issue Management
• Prioritization
• Critical Thinking
• Customer and Client Focus
• Oral Communications
• Project Management
• Written Communications
• Active Listening
• Adaptability
• Analytical Thinking
• Continuous Improvement
• Strategic Thinking

Shift:

Hours Per Week: