Portfolio Manager III - Nashville, United States - Bank of America

Description

time type

Full time
posted on

Posted Yesterday
job requisition id


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 Summary:
Works with complex High Net Worth Investors to create customized investment strategies.

Responsible for understanding strategic investment objectives, spending policy needs and unique client/prospect goals to provide guidance and develop, implement and manage investments.

Portfolio Managers (PMs) can manage customized client portfolios on a fully discretionary basis and where applicable provides advisory services and single mandate strategies.

Manages individual securities (stocks, bonds, REITs, MLPs, etc.), SMAs, alternative investments, and Specialty Assets (i.e. Timber, Farm, Oil and Gas), in addition to monitoring the portfolios and rebalancing to ensure alignment of asset allocation with client's investment objectives and risk tolerances. Usually manages the firm's the most complex and sophisticated relationships.

Job Description:

The 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 10-15 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 experience

Skills:
Client Investments Management
Customer and Client Focus
Investment Management
Presentation Skills
Analytical Thinking
Attention to Detail
Client Experience Branding
Valuation Ethics and Practice Standards
Critical Thinking
Data Quality Management
Trading

Shift:
1st shift (United States of America)


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 Summary:
Works with complex High Net Worth Investors to create customized investment strategies.

Responsible for understanding strategic investment objectives, spending policy needs and unique client/prospect goals to provide guidance and develop, implement and manage investments.

Portfolio Managers (PMs) can manage customized client portfolios on a fully discretionary basis and where applicable provides advisory services and single mandate strategies.

Manages individual securities (stocks, bonds, REITs, MLPs, etc.), SMAs, alternative investments, and Specialty Assets (i.e. Timber, Farm, Oil and Gas), in addition to monitoring the portfolios and rebalancing to ensure alignment of asset allocation with client's investment objectives and risk tolerances. Usually manages the firm's the most complex and sophisticated relationships.

Job Description:

The 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 10-15 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 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

Shift:
1st shift (United States of America)


Hours Per Week:
40
About Us

Bank of America is committed to help employees through the transition period when they're displaced as a result of a workforce reduction, realignment or similar measure.

Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.
Regardless of the position you are interested in, the starting points to building your resume are the same:

• Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
• Think about why you can do the job and make a list of your skills that are relative to the job.
• Identify experiences or accomplishments that show your proficiency in the skills required for the job.
• Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume

• Do be brief. Resumes should be 1-2 pages in length.
• Do be upbeat and active in your wording.
• Do emphasize what you have done clearly and concretely.
• Do be neat and well organized.
• Do have others proofread and critique your resume. Spell check. Make it error free.
• Do use high quality, white or light colored 81⁄2 x 11 paper. Use a laser printer if possible.
• Don't be dishonest, always tell the truth about yourself in the most flattering light.
• Don't include salary history or requirements.
• Don't include references.
• Don't include accomplishments that do not support your professional goals.

Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)

Don't use italics, underlining, shadows or other fancy treatments.
Seven steps to a successful interview

• Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
• Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
• Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
• Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.
• Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
• Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
• Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.

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