Portfolio Manager III

Bank of America Corporation; Reno (NV); On-site; USD 136,000 - 300,000; Full time

Benefits offered by this job

Benefits eligible

Discretionary incentive eligible

Job summary

Bank of America is seeking a senior investment professional to lead discretionary portfolio management and high-net-worth client advisory. You will design investment strategies, oversee asset allocation, and ensure compliance with fiduciary standards.

The role focuses on delivering integrated investment solutions, maintaining client relationships, and communicating performance and market insights to clients. A strong background in finance and credentials such as CFA/CFP are preferred.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics or related field or equivalent experience.
• MBA or JD preferred for advanced roles.
• Credentials such as CPA, CFP and/or CFA are advantageous.

Responsibilities

• Evaluate and design discretionary portfolio management strategies.
• Oversee asset allocation, portfolio construction, and risk management.
• Engage with clients to review performance and align with goals.
• Collaborate with teammates to deliver integrated investment solutions.
• Stay informed on market trends and fiduciary standards.

Skills

Advisory Investments

Client Focus

Analytical Thinking

Relationship Building

Education

Bachelor’s Degree in Finance/Economics

MBA/JD (preferred)

CPA/CFP/CFA designation

Tools

None

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.

Key responsibilities

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

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 and leadership

Desired Qualifications

Bachelor’s Degree in Finance, Accounting, Economics or related field or equivalent financial services/business experience Graduate Degree such as MBA or JD Holds appropriate credentials such as CPA, CFP and/or CFA designation

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

Minimum Education Requirement

High School Diploma / GED / Secondary School or equivalent

Shift

1st shift (United States of America)

Hours Per Week

40

Location

US - NV - Reno - 5370 Kietzke Ln - NevDex Office Park (NV9902)

Pay Transparency details

Pay range $135,600.00 - $300,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

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.

Privacy Statement

Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice

About us

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.

Partnering Locally

Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact

Learn about the six areas that guide Bank of America's efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion

Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

Our Values

Learn about our four values that represent what we believe.

Pay Transparency

https://careers.bankofamerica.com/en-us/pay-transparency