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Equity Conversion Manager

Company: Bank of America
Location: Jersey City
Posted on: September 21, 2022

Job Description:

Equity Conversion ManagerPennington, New Jersey;Jersey City, New Jersey; Boston, Massachusetts; Lone Tree, ColoradoJob Description:The Institutional Onboarding Services group within Retirement & Personal Wealth Solutions is responsible for the transition of corporate retirement plans to proprietary platforms. Projects include new conversions, company mergers, and other various projects. The Conversion Manager is responsible for the end-to-end project of onboarding new and existing plans. They are the operations lead working with the client and their vendors to establish plan data transfer and recurring data transmissions. Inclusive in the process is the accurate establishment of front end participant touch points and backend systems for platform processing. Projects require direct communication with plan sponsors and partnerships across various lines of business including Wealth Management Operations, Product, and Client Service. The successful Conversion Manager has an in-depth working knowledge of the retirement products and systems, excellent customer service skills, and detailed project management skills.The Equity Conversio n Manager will have extensive interaction with the client, outside vendors and internal partners. Some travel is required in support of transition projects. The Conversion Manager works as part of a team but does not have direct reports.Required Skills:

  • Excellent project management skills, including the ability to prioritize work, meet deadlines, influence others to get work done and hold them accountable are required
  • Strong understanding of recordkeeping practices, systems, file layouts and structures.
  • Highly organized with exceptional attention to detail
  • Self-starter attitude; Demonstrates initiative while working independently
  • Strong written and verbal communication skills
  • Strong ability to influence/challenge and negotiate to keep all parties engaged in the process
  • Advanced Microsoft PowerPoint and Excel skillsDesired Skills:
    • 3-5 years retirement plan administration experience
    • 3-5 years project management experience
    • Understanding of equity compensation recordkeeping systems
    • Understanding of file layout specifications. Ability to load, manipulate and process data using various data base toolsEnterprise Role Description:Manages a medium-large segment or multiple related units in a GWIM support operations function for one or more product areas such as funds transfer, collateral mgt./margins, corporate actions, static data/data management, control, trader support, clearance/settlement, documentation/confirmations, customer service, new accounts, client valuations, document processing or statement/billing processing. Manages operations functions that typically have a high level of regulatory risk, monetary exposure and loss potential due to transaction size and daily production windows, which can impact client relationships. Manages daily activities and ensures adherence to operating procedures and regulatory requirements. Develops and implements new processes and procedures to improve operating efficiency, timeliness and workflow coordination. Performs management functions such as hiring, training, performance planning, coaching, and disciplinary action. May have responsibility or provides input for budget/expense management, reporting and forecasting. Requires full knowledge of operations management with prior operations management experience in the specific functional/product area managed. This associate regularly interacts with business partners and their support groups (Compliance, Audit, Finance, etc.), as well as external clients. Generally 5-7 years or more experience is preferred.Job Band:H5Shift:1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0Job Description:The Institutional Onboarding Services group within Retirement & Personal Wealth Solutions is responsible for the transition of corporate retirement plans to proprietary platforms. Projects include new conversions, company mergers, and other various projects. The Conversion Manager is responsible for the end-to-end project of onboarding new and existing plans. They are the operations lead working with the client and their vendors to establish plan data transfer and recurring data transmissions. Inclusive in the process is the accurate establishment of front end participant touch points and backend systems for platform processing. Projects require direct communication with plan sponsors and partnerships across various lines of business including Wealth Management Operations, Product, and Client Service. The successful Conversion Manager has an in-depth working knowledge of the retirement products and systems, excellent customer service skills, and detailed project management skills.The Equity Conversio n Manager will have extensive interaction with the client, outside vendors and internal partners. Some travel is required in support of transition projects. The Conversion Manager works as part of a team but does not have direct reports.Required Skills:
      • Excellent project management skills, including the ability to prioritize work, meet deadlines, influence others to get work done and hold them accountable are required
      • Strong understanding of recordkeeping practices, systems, file layouts and structures.
      • Highly organized with exceptional attention to detail
      • Self-starter attitude; Demonstrates initiative while working independently
      • Strong written and verbal communication skills
      • Strong ability to influence/challenge and negotiate to keep all parties engaged in the process
      • Advanced Microsoft PowerPoint and Excel skillsDesired Skills:
        • 3-5 years retirement plan administration experience
        • 3-5 years project management experience
        • Understanding of equity compensation recordkeeping systems
        • Understanding of file layout specifications. Ability to load, manipulate and process data using various data base toolsEnterprise Role Description:Manages a medium-large segment or multiple related units in a GWIM support operations function for one or more product areas such as funds transfer, collateral mgt./margins, corporate actions, static data/data management, control, trader support, clearance/settlement, documentation/confirmations, customer service, new accounts, client valuations, document processing or statement/billing processing. Manages operations functions that typically have a high level of regulatory risk, monetary exposure and loss potential due to transaction size and daily production windows, which can impact client relationships. Manages daily activities and ensures adherence to operating procedures and regulatory requirements. Develops and implements new processes and procedures to improve operating efficiency, timeliness and workflow coordination. Performs management functions such as hiring, training, performance planning, coaching, and disciplinary action. May have responsibility or provides input for budget/expense management, reporting and forecasting. Requires full knowledge of operations management with prior operations management experience in the specific functional/product area managed. This associate regularly interacts with business partners and their support groups (Compliance, Audit, Finance, etc.), as well as external clients. Generally 5-7 years or more experience is preferred.Shift:1st shift (United States of America)Hours Per Week:40Learn more about this roleFull timeJR-22064370Band: H5Manages People: NoTravel: Yes, 20% of the timeManager:Talent Acquisition Contact:Mike Masterson [C]Referral Bonus:0Colorado pay and benefits informationColorado pay range:$65,700 - $89,900annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis role is currently benefits eligible . We provide industry-leading benefits, 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.Jersey City pay and benefits informationJersey City pay range:$65,700 - $89,900annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis role is currently benefits eligible . We provide industry-leading benefits, 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.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 and affirmative action, 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.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.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.To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Keywords: Bank of America, Jersey City , Equity Conversion Manager, Executive , Jersey City, New Jersey

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