Portfolio Manager III

Bank of America Corporation; Scottsdale (AZ); On-site; USD 180,000 - 300,000; Full time

Job summary

Bank of America in Scottsdale seeks a senior investment advisor to partner with high-net-worth clients, designing discretionary portfolios and overseeing asset allocation, risk, and strategy. You will mentor associates and contribute to client retention and business development.

The role requires 10+ years in investment decision making within wealth management or private banking, plus advanced credentials such as MBA, CPA, CFP, or CFA. Excellent client service expected.

Qualifications

• 10+ years of investment decision making and financial consulting experience with high-net-worth and ultra-high net worth clients.
• Experience with wealth management, private banking and/or trust sectors at established financial services firms.
• Knowledge of fiduciary standards, principles and applicable laws and regulations.

Responsibilities

• Develop and recommend an investment strategy tailored to client goals and objectives.
• Manage all aspects of the client's portfolio including asset allocation, portfolio construction, risk management and compliance.
• Collaborate with teammates to deliver equities, fixed income, alternatives, and Specialty Asset Management as appropriate.
• Engage with clients to review investment performance and market changes based on analysis.
• Stay up-to-date on Chief Investment Office guidance and market trends to mitigate investment risks.
• Develop meaningful client relationships with high levels of care, skill, and ethics.

Skills

Advisory

Client Investments Management

Customer and Client Focus

Investment Management

Presentation Skills

Analytical Thinking

Attention to Detail

Negotiation & Leadership

Education

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

Graduate Degree such as MBA or JD

CPA, CFP and/or CFA designation

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.

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

• 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
• Superior client service and relationship management skills

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
• 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

Minimum Education Requirement

High School Diploma / GED / Secondary School or equivalent

Shift

1st shift (United States of America)

Hours Per Week

40