Portfolio Manager I

Bank of America; Melville (NY); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Benefits eligible

Job summary

Bank of America in Melville, NY is seeking a senior investment advisor to work with high-net-worth clients, designing customized strategies under the guidance of a Portfolio Manager.

You will evaluate and monitor discretionary portfolios, asset allocation, security selection, and risk management, while proactively communicating with clients to support retention and growth.

Qualifications

• 1 or more years of investment decision making and financial consulting experience working with high-net-worth and ultra-high net worth clients
• Has held positions of increasing responsibility with an established financial services firm in wealth management/private banking/trust
• Knowledge of fiduciary and financial products and services through related work experience
• Broad-based technical knowledge of investments, tax, legal and operations
• Knowledge of fiduciary standards and applicable laws and regulations
• Skills in negotiating, delegating, leadership and client relationship management

Responsibilities

• Develop and recommend an investment strategy tailored to each client’s goals and objectives
• Support asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, and reviews
• Collaborate to deliver integrated solutions across equities, fixed income, alternatives and Specialty Asset Management
• Engage with clients to review investment performance and market changes
• Stay up-to-date on CIO guidance, market conditions and economic trends
• Develop meaningful client relationships with care, ethics, and diligence

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 Stand-

Collaboration

Critical Thinking

Data Quality Management

Trading

Written Communications

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for working with complex, high-net-worth investors to create customized investment strategies under the guidance of a Portfolio Manager. 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.

Responsibilities:

• Partners with teammates to understand the client’s situation and circumstances to develop and recommend an investment strategy tailored to their unique goals and objectives

• Supports 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 ethics

Required Qualifications

• 1 or more years of investment decision making and financial consulting experience working with high-net-worth and ultra-high net worth clients

• Has 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 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:

• 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

Pay Transparency details

US - NY - Melville - 300 BROADHOLLOW RD - BANK OF AMERICA (NY5529)

Pay range

$89,500.00 - $150,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Benefits

This 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.