Job Information
Bank of America Senior Institutional Investment Strategist in Pennington, New Jersey
Senior Institutional Investment Strategist
Charlotte, North Carolina;New York, New York; Jacksonville, Florida; Chicago, Illinois; Boston, Massachusetts; Pennington, New Jersey
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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!
Job Description:
Develops and recommends strategies to achieve institutional investment goals of the organization and/or its institutional clients. Creates frameworks for analyzing alternative investment and risk scenarios (e.g. overall institutional investment return, interplay of various asset classes or securities, comparative return of different markets). Forecasts market changes based on economic and industry analyses; monitors technical trading trends. May be responsible for developing and marketing specialized institutional asset allocation products and services. May manage more junior staff. Background: Typically has institutional portfolio management experience, but does not currently have direct institutional portfolio management responsibility. Ten or more years of institutional investment experience. Seasoned strategist capable of independently completing complex analyses.
The Director, Senior Institutional Investment Strategist serves as a subject matter expert in defined benefit (pension) plans, providing strategic asset allocation guidance and consultative support to institutional clients. This role combines deep actuarial expertise with investment strategy to deliver liability-driven solutions, support new business development, and enhance client outcomes through data-driven insights and market analysis.
Responsibilities:
Provide strategic asset allocation guidance to pension clients using stochastic and deterministic modeling approaches.
Serve as a trusted advisor and subject matter expert on defined benefit plans, leveraging actuarial and investment expertise to guide institutional clients.
Provide training and field support to internal partners such as portfolio strategists, relationship managers, and financial advisors on defined benefit plan issues.
Review liability-based reporting and analysis for existing pension clients, ensuring alignment with long-term funding objectives.
Support sales and business development efforts through analytical insights and direct engagement with prospects.
Collaborate cross-functionally with internal teams to design and implement innovative investment solutions tailored to client needs.
Stay informed on pension investment trends to provide timely and relevant guidance to clients.
Expertise in actuarial consulting for pension plans .
Strong understanding of economic markets and institutional investment strategies.
Advanced data analysis and modeling skills.
Exceptional interpersonal and communication skills (written and verbal).
Leadership ability and self-motivation to drive initiatives independently.
Tools & Technologies:
Proficiency in Microsoft Office Suite .
Experience with VBA and R programming for modeling and analysis.
Required Qualifications
Extensive knowledge of ERISA funding regulations and FASB accounting rules applicable to defined benefit pension plans; pension investment experience a plus
Bachelor’s degree in actuarial science, finance, mathematics, statistics, economics, or related field.
ASA (Associate of the Society of Actuaries) or FSA (Fellow of the Society of Actuaries) required .
Minimum 5+ years of actuarial or institutional investment experience .
CFA a plus.
Desired Qualifications:
- Actuarial exams passed
Shift:
1st shift (United States of America)
Hours Per Week:
40
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, 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.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
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.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
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.