Private Wealth Portfolio Strategist

Citizens Bank; Boston (MA); Hybrid; USD 100,000 - 126,000; Full time

Job summary

Citizens Bank is seeking a Private Wealth Portfolio Manager to oversee day-to-day portfolio strategies for high net worth and institutional clients within the Private Bank. The role is a middle-office, non-client facing position focused on risk/return, liquidity, and benchmark alignment.

Responsibilities include rebalancing, funding, and performance monitoring, with collaboration across Investment Managers and Bankers to meet policy objectives and regulatory standards.

Qualifications

• 3-5+ years of experience in portfolio management, investment operations, or asset management within a Private Bank, Wealth Management, or Institutional investment environment.
• Demonstrated experience managing high-net-worth and/or institutional portfolios, including asset allocation implementation, rebalancing, and liquidity management.
• Strong working knowledge of Investment Policy Statements (IPS) and experience managing portfolios in accordance with defined risk/return objectives.
• Hands-on experience with account funding, rebalancing, benchmark assignment, performance monitoring, and composite reconciliation.
• Solid understanding of Reg 9 requirements, annual regulatory account reviews, and compliance standards applicable to fiduciary or PB Trust accounts.
• Ability to analyze and resolve exception reporting, including asset allocation variances, non‑approved assets, and performance deviations.
• Proven ability to collaborate effectively with Investment Managers, Bankers, and internal partners to execute portfolio strategies.
• High attention to detail with strong organizational skills to manage multiple portfolios, deadlines, and reporting requirements simultaneously.
• Tech Savvy: Proficiency with portfolio management systems, performance reporting tools, and Microsoft Excel.
• Bachelor's degree in Finance, Business Administration, or a related discipline.
• Professional designations such as CFA (or progress toward CFA), CAIA, or CFP (preferred)
• Strong Attention to detail - Excellent communication skills
• Strong quantitative and analytical skills with the ability to interpret portfolio performance and risk metrics.
• Demonstrated experience working on team-level reporting and operational process improvements.

Responsibilities

• Rebalance accounts according to the client’s investment policy statement, with guidance of the asset allocation strategy team.
• Work directly with Investment Managers and Bankers to invest client portfolios according to the Investment Policy Statement, and to meet client risk/return objective.
• Responsible for initial funding and investment of accounts, annual account reviews, Reg 9’s, initial account reviews, concentrated assets, divestiture plans.
• Deep understanding of client relationships to develop investment plans for accounts to align closer with firm strategy within client expectations. Review and resolve exception reporting related to asset allocation, nonapproved assets, and performance exceptions.
• Assigning and monitoring benchmarks, targets, and tracking error relative to asset allocation models.
• Assist with reporting for the team and assign client specific targets, benchmarks, and perform monthly composite recon.

Skills

Portfolio management

Investment operations

Data analysis

Communication

Attention to detail

Team collaboration

Education

Bachelor's degree in Finance or Business Administration

Tools

Portfolio management systems

Excel

Performance reporting tools

Job description

Citizens Bank is seeking a Private Wealth Portfolio Manager to oversee day-to-day portfolio strategies for high net worth and institutional clients within the Private Bank. The role is a middle-office, non-client facing position focused on risk/return, liquidity, and benchmark alignment.

Responsibilities include rebalancing, funding, and performance monitoring, with collaboration across Investment Managers and Bankers to meet policy objectives and regulatory standards.