Portfolio Manager III

Company: Disability Solutions
Location: Greenwich
Posted on: October 19, 2024

Job Description:

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:This job is responsible for working with complex, high-net-worth investors to create customized investment strategies. Key responsibilities include evaluating, designing, constructing, managing, and monitoring all aspects of discretionary portfolio management including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, investment reviews, and proactive client communication. Job expectations include helping teams to drive client retention and business development, while mentoring associates.Responsibilities:

• Works to understand the client's situation and circumstances to develop and recommend an investment strategy tailored to their unique goals and objectives
• Manages all aspects of the client's investment portfolio including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, and investment reviews
• Collaborates with teammates to deliver the bank's full array of integrated solutions, such as equities, fixed income, alternative investments, and Specialty Asset Management as appropriate
• Engages with clients to review investment performance and anticipated market changes based on economic and industry analysis
• Stays up-to-date on recommendations from the Chief Investment Office, current market conditions, and economic trends to anticipate and mitigate investment risks
• Develops meaningful relationships with clients, while demonstrating the highest care, skill, diligence, and ethicsThe Portfolio Manager is the investment quarterback of the client relationship and is responsible for evaluating, designing and overseeing all aspects of the portfolio construction including manager selection.
  • Oversee completion of investment policy statement.
  • Act as a technical/industry expert in managing complex individual and family client relationships for clients who desire a sophisticated investment program, including, manager selection, type of vehicle, including traditional, alternative, and derivative solutions.
  • Support PC teams in effectively communicating to prospects our business culture, investment philosophy and range of investment and non-investment solutions that are relevant to the prospect and or existing clients.
  • Develop and recommend strategies to achieve the investment goals of clients.
  • Meet with clients to review investment performance and forecast market changes based on economic and industry analysis, including objectives and asset allocation models, ensuring current allocations are appropriate.
  • Conduct all aspects involved with managing portfolios, including executing all trades, maintaining investment action plans, monitoring and addressing overdrafts, conducting Reg. 9 investment reviews, and documenting account activities and client interaction.
  • Support revenue growth of the market by meeting individual investment management, credit and deposit goals.
  • May be responsible for developing and marketing specialized asset allocation products and services.
  • Supervising, mentoring and coaching more junior staff.Required Qualifications:
    • A minimum of 10+ years of investment decision making and financial consulting experience working with high net worth clients and ultra-high net worth clients.
    • This individual will have held positions of increasing responsibility with an established and prestigious financial services firm, most likely in a wealth management, private banking and/or trust field.
    • Knowledge of fiduciary and financial products and services required through extensive related work experience.
    • Broad-based technical knowledge of investments, tax, legal and operations necessary to service clients.
    • Knowledge of fiduciary standards, principles and applicable laws and regulations usually acquired through training, seminars or law school.
    • Skills and experience in negotiating, delegating, leadership, superior client service and relationship management skills required.Desired Qualifications:
      • Undergraduate degree in Finance, Accounting, Economics or equivalent financial services/business experience preferred as well as hold appropriate credentials such as CPA, CFP and or CFA designation.
      • A graduate degree such as MBA or JD preferred
      • The ideal candidate will bring an appropriate mix of financial services expertise, management and business development experienceSkills:
        • 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 CommunicationsMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - CT - Greenwich - 55 Railroad Ave - Plaza 55 (CT1010)Pay and benefits informationPay range$135,600.00 - $275,000.00 annualized 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, access to paid time off, 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.

Keywords: Disability Solutions, New Haven , Portfolio Manager III, Accounting, Auditing , Greenwich, Connecticut