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Product Specialist

Merrill Wealth Management
Jersey City, New Jersey
Commensurate with Experience
Closing date
May 28, 2024

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Job Role
Financial Advisor
Employment Type
Full Time
Experience Level
1-4 years
CFP® Certification

Job Details

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!

The Managed Account Advisors MF/ETF & Equity Implementation team is seeking a candidate to join as a Product Specialist. The team is responsible for the implementation and trading of the Chief Investment Office (CIO) firm discretionary model portfolios, 3rd Party Investment manager models, Select Portfolio Solutions (SPS) and the daily oversight of all client driven activity and daily drift monitoring. The role entails use of analytical skills and candidates should have initiative and an eagerness to learn.

Job Description:
Responsibilities include monitoring the performance of a domestic discretionary or non-discretionary, advisory product, which may include managing a product within the brokerage or institutional offering. Responsibilities include working with more senior Product Specialists in developing product plans, strategies and enhancements, and performing data collection and coordination activities.

  • Facilitate exception based trading through analysis of outlier accounts
  • Flawless Implementation of CIO & 3rd party Investment manager model rebalances
  • Daily monitor strategies for drift (asset allocation, securities, cash)
  • Independently review complex analyses of accounts
  • Manage daily trading volume of all account maintenance activities
  • Execute client's tax-selling instructions
  • Provide support to financial advisors for client accounts requests

Required Qualifications:   

  • 2+ years related work experience in financial industry
  • Highly organized with outstanding attention to detail, self-motivated and self-directed
  • Strong work ethic and works effectively in a team environment
  • High energy with the ability to multi-task in a fast-paced, high-volume area
  • Strong written and verbal communication skills
  • Proven ability to communicate/articulate issues clearly and concisely
  • MS Office with intermediate Excel (Vlookup, Pivot tables, Formulas, etc.)

  • Active Listening
  • Administrative Services
  • Attention to Detail
  • Research
  • Usability Testing
  • Data Collection and Entry
  • Issue Management
  • Networking
  • Project Management
  • Reporting
  • Agile Practices
  • Process Design
  • Recording/Organizing Information
  • Technical Documentation
  • Written Communications

Minimum Education Requirement: Bachelor's degree in related field

Job Band:

1st shift (United States of America)

Hours Per Week:


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