Alternative Investments Business Governance Associate

Alternative Investments Business Governance Associate New York, New York **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. Were 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** : Bachelors 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. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "EEO is the Law" poster, CLICK HERE ( . To view the "EEO is the Law" Supplement, CLICK HERE ( . View the LA County Fair Chance Ordinance ( . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of Americas Drug-free Workplace and Alcohol Policy, CLICK HERE . This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

Created: 2024-11-19