Retirement Plan Investments - Portfolio Manager job in Charlotte
Charlotte, North Carolina - NC Bank of America
Job Ref: | 24015100 |
Employer: | Bank of America |
Sector: | Banking & Finance |
Qualifications: | Unclassified |
Software: | Excel |
Job Type: | Full Time |
Salary and Benefits: | Competitive |
Remote: | No |
Location | |
Country: | United States |
State/Province/County: | North Carolina - NC |
City: | Charlotte |
Post Code: | 28202 |
Map: | |
Description | |
Job Description: Role Summary: This investment management role is part of the Retirement Plans Investments (RPI) team which is predominately focused on managing the assets/investments of the Bank of America retirement plans that include defined benefit plans, 401(k) plans and deferred comp plans. The scale of the task of managing these asset pools is evidenced by Pensions & Investments annual ranking of the 1,000 largest U.S. retirement plans by fund sponsor. Within this listing, Bank of America's U.S. retirement plans rank as the 36th largest pool of retirement assets (inclusive of public plans) and 10th largest for private/corporate employers. The $18 billion of pension assets and $58 billion 401(k) plan assets place these plans in the "mega" plan category. RPI team's role:
Support the administration of the plans. Plan administrators manage the day-to-day operations of the plan (plan design, preparation of summary plan description, plan distributions, compliance of plan rules and regulations, compliance filing, participant accounts, day to day employee communications). As an SME, RPI supports plan administration through:
In performing these responsibilities, the RPI team interacts and partners with the Global Human Resources Benefits team, record-keepers (Fidelity & ML RPWS), trustees, custodians, finance, accounting, treasury, consultants (investment consultants & actuaries), legal (internal/external), audit (internal/external), regulators and external money management firms. The RPI team is comprised of approximately 6 employees located in Charlotte, N.C. Position Description Position responsibilities include:
Through these responsibilities, the incumbent will interact with leading institutional investment management firms, investment consultants, actuarial services firms, finance teams and legal groups. The role offers an opportunity to develop an in-depth understanding of investment strategies, portfolio management, institutional asset management products and the responsibilities associated with investment administration of ERISA plans (defined benefit plans and defined contribution plans) Required Knowledge, Skills & Experience:
Desired Skills & Experience:
Shift: 1st shift (United States of America) Hours Per Week: 40 |
ref: (24015100) 17 days ago
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