Wealth Client Portfolio Manager

Socket.dev; Wilmington (DE); On-site; USD 80,000 - 110,000; Full time

Job summary

M&T Bank seeks a Client Portfolio Manager in Wilmington, DE to manage Desktop Managed Equity accounts and align trades with IA guidance. The role involves executing trades, monitoring tracking error, and communicating proactively with Investment Advisors.

Candidates should have a Bachelor's degree and at least 2 years of investment experience, with strong knowledge of trading procedures and MS Office. A solid team player with critical thinking is essential.

Qualifications

• Bachelor's degree and a minimum of 2 years’ investment-related experience, including internships, or equivalent combined experience.
• Good knowledge of procedures and concepts within the discipline.
• Basic knowledge of trading procedures and implementing the firm's best thinking.
• Ability to select alternatives from defined options in routine work.
• Inputs to decisions within own discipline.
• Regular exchange of information with stakeholders.

Responsibilities

• Manage Desktop Managed Equity accounts by coordinating with IA on tax budget and executing trades per transition plan.
• Possess ability to manage entire portfolio to reach target multi-asset class strategies per IA/client.
• Proactively place trades and monitor tracking error per transition plan.
• Track trades and provide timely communication with Investment Advisors.
• Adhere to risk and regulatory standards, escalating issues as needed.
• Promote an environment aligned with M&T Bank brand.
• Maintain internal controls and address audit points and regulator findings.
• Perform other related duties as assigned.

Skills

Investment knowledge

Trading procedures

Stocks Bonds ETFs SMAs

Microsoft Office

Financial calculator

Critical thinking

Teamwork

Education

Bachelor's degree

Related experience or higher education equivalence

Tools

Investment platform

Financial calculator

Job description

Overview:

Provides portfolio management (trading) services across a large number of accounts (estimated at 300 Investment Policy’s and over 1 Billion in AUM) to transition portfolios toward Wilmington Trust’s best thinking. Works with Investment Advisor (IA) to understand objectives, constraints, and tax budget of portfolio and proactively communicates with Investment Advisor, making them aware of trades when they occur.

Primary Responsibilities:

• Manage Desktop Managed Equity (DME) accounts by coordinating with Investment Advisor on appropriate tax budget, targeting specific Wilmington Trust Equity strategy, and implementing trades in a timely manner throughout the year in accordance with transition plan. Collaborate with IA in decision making process, marrying the firm’s best thinking with the clients needs.

• The Client Portfolio Manager can also manage the entire portfolio to make trades to move towards appropriate target multi asset class strategy set by the IA and client.

• Proactively manage the client’s accounts by placing trades and monitor tracking error in portfolios in accordance with transition plan.

• Track trades and provide timely communication with Investment Advisors.

• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.

• Promote an environment that supports belonging and reflects the M&T Bank brand.

• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.

• Complete other related duties as assigned.

Scope of Responsibilities:

Primarily on unit

Education and Experience Required:

• Bachelor's degree and a minimum of 2 years’ investment-related experience, including internships, or in lieu of a degree, a combined minimum of 6 years' higher education and/or work experience.

• Good knowledge of procedures and concepts within discipline.

• Basic knowledge of trading procedures, investment platform, and implementing firms best thinking.

• Selects alternatives from defined options in a variety of work routines.

• Inputs to decisions within own discipline.

• Involves the regular exchange of information.

Education and Experience Preferred:

• Thorough understanding of stocks, bonds, ETFs, SMAs, and mutual funds.

• Desire to pursue investment career in asset management.

• Proficient personal computer skills with solid knowledge of Microsoft office.

• Ability to use software programs and financial calculator.

• Strong critical thinking skills, ability to synthesize data to determine correct policy and strategy and implement such strategy in the most efficient manner.

• Ability to work effectively in a team environment.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $ - $ (). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location:

Wilmington, Delaware, United States of America