Portfolio Manager III

6 days ago


Philadelphia, Pennsylvania, United States Bank of America Full time

Job Summary:

The Portfolio Manager III is a critical role within our team at Bank of America, responsible for overseeing the investment portfolio construction and management for high net worth clients. This individual will be the investment quarterback of the client relationship, evaluating, designing, and overseeing all aspects of the portfolio construction, including manager selection.

Key Responsibilities:

  • Oversee the completion of investment policy statements and ensure alignment with client goals.
  • Act as a technical expert in managing complex individual and family client relationships, providing sophisticated investment programs, including manager selection, vehicle type, and alternative solutions.
  • Support PC teams in effectively communicating our business culture, investment philosophy, and range of investment solutions to prospects and existing clients.
  • Develop and recommend strategies to achieve client investment goals, meeting with clients to review performance and forecast market changes based on economic and industry analysis.
  • Conduct all aspects of portfolio management, including executing trades, maintaining investment action plans, monitoring overdrafts, and documenting account activities and client interaction.
  • Support revenue growth by meeting individual investment management, credit, and deposit goals.
  • May be responsible for developing and marketing specialized asset allocation products and services.
  • Supervise, mentor, and coach more junior staff.

Requirements:

  • A minimum of 10-15 years of investment decision-making and financial consulting experience working with high net worth clients and ultra-high net worth clients.
  • Extensive experience in a wealth management, private banking, and/or trust field, with knowledge of fiduciary and financial products and services.
  • Broad-based technical knowledge of investments, tax, legal, and operations necessary to service clients.
  • Knowledge of fiduciary standards, principles, and applicable laws and regulations.
  • Skills and experience in negotiating, delegating, leadership, superior client service, and relationship management.

Preferred Qualifications:

  • Undergraduate degree in Finance, Accounting, Economics, or equivalent financial services/business experience, with relevant credentials such as CPA, CFP, and/or CFA designation.
  • A graduate degree such as MBA or JD is preferred.
  • The ideal candidate will bring a mix of financial services expertise, management, and business development experience.

Skills:

  • Advisory
  • Client Investments Management
  • Customer and Client Focus
  • Investment Management
  • Presentation Skills
  • Active Listening
  • Analytical Thinking
  • Attention to Detail
  • Client Experience Branding
  • Valuation Ethics and Practice Standards
  • Collaboration
  • Critical Thinking
  • Data Quality Management
  • Trading
  • Written Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift: 1st shift (United States of America)

Hours Per Week: 40


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