Portfolio Manager III

94-1687665 Bank of America, National Association; United States; On-site; USD 150,000 - 230,000; Full time

Job summary

Bank of America Corporation in the United States is seeking an experienced investment professional to work with high-net-worth investors, designing customized strategies aligned with their goals. You will manage all aspects of discretionary portfolios—asset allocation, construction, and risk—while collaborating with teams to deliver integrated solutions and proactive client communication.

This role emphasizes fiduciary standards, ethics, and enduring client relationships, with in-office culture

Qualifications

• Minimum 10 years in investment decision making for high-net-worth clients.
• Experience in wealth management or private banking leadership.
• Knowledge of fiduciary standards, regulations, and tax concepts.
• Strong client service, relationship management and ethics.
• Bachelor’s in Finance/Accounting/Economics; MBA/JD preferred; credentials CPA/CFP/CFA advantageous.

Responsibilities

• Develop tailored investment strategies after assessing client goals and risk tolerance.
• Manage all aspects of client portfolios including asset allocation, construction, and risk management.
• Collaborate with teammates to deliver integrated solutions and proactive client communication.
• Engage clients to review performance and market changes based on analysis.
• Stay updated on Chief Investment Office guidance, market conditions, and trends to mitigate risk.
• Build meaningful client relationships with high levels of care, ethics and integrity.

Skills

Advisory Investments

Client Focus

Investment Management

Presentation Skills

Active Listening

Analytical Thinking

Attention to Detail

Ethics

Education

Bachelor’s Degree in Finance/Accounting/Economics

MBA or JD

CPA/CFP/CFA credentials

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’s 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.

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.

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

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

Privacy Statement

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

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.

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