PWM Portfolio Manager

U.S. Bank; Irvine (CA); Hybrid; USD 169,000 - 207,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

Paid holidays

Parental leave

Disability insurance

Job summary

U.S. Bank is seeking a senior investment manager for Private Wealth Management in Irvine, CA. You will serve as the discretionary investment manager for PWM client accounts, building diversified portfolios and managing risk within fiduciary standards.

You will partner with PWM Advisors and Trust Officers to drive client retention and growth, present market insights to clients, and lead initiatives across PWM to improve investment processes and strategy execution.

Qualifications

• Bachelor’s degree required.
• 10+ years of investment experience.
• CFA or MBA preferred.

Responsibilities

• Construct and manage diversified portfolios aligned with PWM investment philosophy and platform offerings.
• Monitor portfolio performance, risk exposures, asset allocation, and adherence to client investment guidelines; adjust as needed.
• Collaborate with Private Wealth Advisors, Trust Officers, and other relationship team members to support client acquisition, retention, and expansion.
• Explain portfolio strategy and market conditions to clients in a clear and professional manner.
• Ensure portfolios comply with internal investment policies, regulatory requirements, and fiduciary standards.
• Coach and mentorSenior portfolio managers and contribute to best-practice sharing across PWM.

Skills

Relationship management

Investment analysis

Communication skills

Finance knowledge

Education

Bachelor's degree

CFA or MBA preferred

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Manages individual and/or trust account assets and investment relationships consistent with the established investment objectives and strategies of the company and/or the client. Strong focus on managing client account retention to meet Net Portfolio growth objectives of the company. Shared responsibility for soliciting, developing, managing, and retaining client relationships for Private Wealth Management (PWM).

Serve as the discretionary investment manager for assigned PWM client accounts, including taxable, tax‑advantaged, trust, and fiduciary portfolios.

• Construct and manage diversified portfolios across equities, fixed income, alternatives, and other approved investment strategies in alignment with PWM investment philosophy and platform offerings.
• Monitor portfolio performance, risk exposures, asset allocation, and adherence to client investment guidelines; make tactical and strategic adjustments as appropriate.
• Utilize approved PWM systems and tools to execute trades, manage holdings, monitor concentrations, and document investment decisions in accordance with policy and procedure.

Client & Advisor Collaboration

Partner closely with Private Wealth Advisors, Trust Officers, and other relationship team members to support client acquisition, retention, and expansion.

• Participate in client meetings to explain portfolio strategy, performance, and market conditions in a clear and professional manner.
• Provide investment insights and thought leadership to relationship teams and clients, including commentary on markets, asset allocation, and portfolio positioning.

Risk Management & Compliance

Ensure portfolios comply with internal investment policies, regulatory requirements, and fiduciary standards.

• Identify and address portfolio exceptions, including concentration limits, restricted securities, conflicts of interest, and required approvals.
• Maintain accurate and timely documentation related to investment decisions, portfolio changes, and required reviews.

Leadership & Expertise

Serve as a senior investment resource within the market or region, mentoring less experienced portfolio managers and contributing to best‑practice sharing across PWM.

• Contribute to broader PWM initiatives related to investment process improvement, platform enhancements, or product evaluation as requested.
• Maintain advanced investment knowledge and professional credentials consistent with senior portfolio management responsibilities.

Base pay for this role usually falls within $170,000 to $225,000. Additional considerations regarding base pay levels are based on candidate qualifications. Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.

Basic Qualifications

• Bachelor’s degree
• 10 or more years of investment experience

Preferred Skills/Experience

• CFA or MBA preferred

-Thorough understanding of investment management

• Strong knowledge of finance, economics and general business
• Strong sales and relationship management/client services skills
• Ability to effectively present investment strategies to clients
• Ability to make critical decisions independently
• Excellent interpersonal and verbal and written communication skills

Location:

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at a U.S. Bank location, while having flexibility on their work location for the other working days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That’s why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $169,380.00 - 207,020.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.