Strategic Investment Director

1 day ago


Frisco, Texas, United States Comerica Bank Full time
Comerica Bank Seeks Strategic Investment Director

The Chief Investment Officer will lead the investment strategy and portfolio construction for Comerica Bank, a leading financial institution. This key role will provide enterprise-wide leadership, collaborating closely with the Comerica Chief Economist to develop strategic asset allocation and its implementation across all Wealth Management lines of businesses.

Key Responsibilities
  • Broad understanding and appreciation of Comerica Bank, including its markets, businesses, core beliefs, traditions, and deeply embedded culture.
  • Chair the Investment Policy Committee to set the firm's asset allocation as it relates to investment goals and strategy.
  • Plan and execute the agenda for the Wealth Mgt IPC, comprising 8 senior leaders who set the asset allocation policies for the Wealth division.
  • Duties include:
    • Monitoring and overseeing optimal long-term asset allocation targets for Comerica's clients' investment portfolios.
    • Communicate publicly the asset allocation decisions made by the committee, ensuring risks accepted align with the corporate risk appetite statement.
    • Identify, evaluate, and advocate for overall investment strategies and specific opportunities.
    • Monitor markets and trends, anticipating risks and opportunities.
  • Determine investment offerings and asset allocations for approximately $Assets Under Management and Non-Interest Income.
  • Provide weekly, monthly, and quarterly updates to advisors and broader management, as well as updates required by significant events in the market and broader economy.
  • Guide the organization through shifts in investment priorities, serving as a subject matter expert and providing advice and strategic direction to frontline Investment Strategists within Personal Wealth region teams.
  • Partner with other Comerica business leaders, collaborating with them and their business groups to capitalize on business opportunities beneficial to the organization.
  • Work closely with internal and external partners throughout the bank to provide a seamless and consistent message across Wealth Management.
  • Be an active and visible partner with Business Bank partners to instill confidence in Wealth Mgt's Investment platform and services.
  • Collaborate with the Chief Economist to define roles and ensure alignment of messages, capitalizing off each other's messages and conducting joint presentations.
  • Create clear messaging and branding of the investment strategy, disseminating it to the internal organization to inform client and external communications.
  • Develop traditional and digital collateral and thought leadership that clearly explain Comerica's investment philosophy and increase the marketability of its approach.
Required Qualifications
  • Master's degree from an accredited university.
  • 10 or more years of financial services experience as a senior-level executive in an investment organization with client-facing responsibilities.
  • 10 or more years directing and growing the money management business while adhering to regulatory and compliance guidelines.
  • 10 or more years in personal and institutional investment management.
  • 10 or more years leading a team of professionals.
  • Experience in Investment brand building through national media outlets.
Licenses & Certifications
  • CFA certification is preferred.

Salary: $120,000 - $180,000 per year, depending on individual experience.



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