Portfolio Manager III

Bank of America; Pittsburgh (Allegheny County); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a seasoned investment professional to work with high-net-worth clients. This role involves creating customized investment strategies and managing portfolios, ensuring compliance and risk management while fostering strong client relationships. The ideal candidate will have extensive experience in financial consulting, a deep understanding of fiduciary standards, and a commitment to delivering exceptional client service. Join a dynamic team that values diversity and inclusion, where your expertise will contribute to meaningful financial outcomes for clients. This is an exciting opportunity to make a significant impact in a collaborative environment.

Qualifications

• 10-15 years of investment decision making and financial consulting experience.
• Knowledge of fiduciary standards and financial products required.

Responsibilities

• Develops tailored investment strategies for high-net-worth clients.
• Manages all aspects of client's investment portfolio and risk 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

Education

Undergraduate degree in Finance, Accounting, Economics

Graduate degree such as MBA or JD

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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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. 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:

• 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

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent.

Shift: 1st shift (United States of America)

Hours Per Week: 40