Head of Private Wealth Management Alts Specialist Team

Location: New York

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Bank of America Merrill Alternative Investments is seeking an experienced sales professional to join the Alternative Investments Specialist organization supporting the Private Wealth channel. The role is primarily responsible for the sales, marketing and education of hedge funds, private equity offerings and real asset solutions to Merrill financial advisors. In addition, the candidate will lead a team of Private Wealth Specialists across multiple territories, as well as members of the Internal Sales Desk. The role also includes servicing existing clients and assisting with the prospecting of new ultra high-net-worth and institutional investors.

Responsibilities

Responsible for all hiring, development, evaluation and coaching activity for the Private Wealth Management (PWM) Alts Specialist team.

Supervise and mentor the PWM Internal Sales Desk members and foster an environment of collaboration between internal and external Specialists

In addition to leading the PWM Alts Specialist team, the candidate will assume Alts Specialist responsibilities for the Northeast region. This will require the candidate to develop a business strategy that enables them to work independently in the territory alongside local PWM market leadership and financial advisors.

Engaging with members of the broader Alternative Investments Sales Team, home office leadership, and select third-party product partners to cultivate future Alts growth.

Developing a comprehensive and in-depth understanding of the Merrill PWM portfolio construction process with respect to alternative investments, including hedge funds, private equity, and real assets.

Working with internal operations, marketing, product origination, risk, legal and compliance partners to enhance the overall client and advisor experience.

Required Qualifications

• 10+ years of financial services product and/or sales experience
• Travel throughout coverage area (2-3 days a week)
• Strong oral and written communication skills
• Knowledge of alternative investment products
• Self-motivated individual with a passion for alternative investments and a strong desire to lead
• Must hold Series 7, 63, 65 or 66 licenses or be able to obtain within 120 days of hire

Desired Qualifications

Undergraduate degree in Finance, Marketing or Business Administration (CFA, CAIA or MBA a plus)

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

$183,700.00 - $330,800.00 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.