Portfolio Manager II

Merrill

Houston (TX)

On-site

USD 180,000 - 280,000

Full time

6 days ago

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Job summary

Bank of America seeks an experienced investment professional to work with high-net-worth investors, designing discretionary portfolios and leading client relationships. You will oversee asset allocation, security selection, trading, risk management, and regular reviews, while mentoring junior staff.

The role requires a strong background in wealth management, fiduciary standards, and comprehensive financial services knowledge.

Qualifications

Minimum of 10 years of investment decision making and financial consulting experience with high-net-worth clients.
Experience in wealth management, private banking or trust fields with increasing responsibility.
Knowledge of fiduciary and financial products and services through extensive related work experience.
Broad-based technical knowledge of investments, tax, legal and operations to service clients.
Familiarity with fiduciary standards and applicable laws and regulations.

Responsibilities

Develop and tailor investment strategies to clients' goals and objectives.
Manage all aspects of client portfolios including asset allocation and risk management.
Collaborate with teams to deliver integrated solutions across equities, fixed income, alternatives.
Engage with clients to review performance and market changes.
Mentor associates and support client retention and business development.

Skills

Advisory

Client Investments Management

Customer Focus

Investment Management

Presentation Skills

Active Listening

Analytical Thinking

Attention to Detail

Client Experience Branding

Valuation Ethics

Collaboration

Critical Thinking

Data Quality

Trading

Written Communications

Education

Bachelor's Degree or higher in Finance, Accounting, Economics or related field

MBA or JD preferred

CPA, CFP and/or CFA designation

Tools

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 in partnership with Senior Managers. 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 ethics

Required Qualifications

Minimum of 10 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

Desired Qualifications

Bachelor's Degree or higher in Finance, Accounting, Economics or related field or equivalent financial services/business experience
Graduate Degree such as MBA or JD preferred
Holds appropriate credentials such as CPA, CFP and/or CFA designation
The ideal candidate will bring an appropriate mix of financial services expertise, management and business development experience

Skills