MAA - Junior Portfolio Trading Specialist
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
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Job Description:
Managed Account Advisors (MAA) is an SEC Registered Investment Adviser that is responsible for the implementation of Investment Strategies across Bank of America Global Wealth Management. The Portfolio Trading Team's primary function is to manage the MAA Third Party Manager Portal, create and route trades; which include, Global Equities, ETFs and Preferred Stocks. The junior portfolio trading specialist will be part of a team of dedicated investment professionals managing the implementation and trading of approximately $900B in total assets. This new hire will pay special attention to corporate actions as they impact the positions held on the platform.
Job Responsibilities:
- Overseeing all corporate action events
- Managing the MAA manager portal
- Trade creation and routing
- Liaison between Portfolio Manager's and Traders
- Fiduciary responsibility of striving for best execution on all transactions
- Gathering and disseminating market intelligence to appropriate parties
- Continuously interact with equity traders to promote collaboration and market awareness
- Managing and enhancing relationships with business partners across the firm
- Monitoring/managing intraday risk
Required Qualifications:
- Effective communication skills
- Work well under pressure
- Strong analytical skills
- Passion for investing
- Intellectually curious and strategic thinker
- Team player with strong multi-tasking and problem solving skills
Desired Qualifications:
- 2-5 years of relevant work experience
- Bachelor's Degree
Skills:
- 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: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NJ - Jersey City - 101 Hudson St - 101 Hudson (NJ2101)
Pay and benefits information
Pay range
$82,700.00 - $115,100.00 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.
Perks and Benefits
Health and Wellness
- FSA
- HSA
- On-Site Gym
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
Parental Benefits
- Non-Birth Parent or Paternity Leave
- Birth Parent or Maternity Leave
Work Flexibility
Office Life and Perks
Vacation and Time Off
- Leave of Absence
- Personal/Sick Days
- Paid Holidays
- Paid Vacation
- Sabbatical
Financial and Retirement
- Performance Bonus
- Company Equity
- 401(K) With Company Matching
Professional Development
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Tuition Reimbursement
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program