Wealth Portfolio Manager

PlainsCapital Bank; Austin (TX); On-site; USD 150,000 - 230,000; Full time

Job summary

PlainsCapital Bank is seeking a Wealth Portfolio Manager in Austin, TX to oversee day-to-day investments for a select group of affluent clients, families, and institutions, applying approved strategies, asset allocations, and model portfolios established by the Investment Policy Committee and Chief Investment Officer.

You will monitor, rebalance, implement tax strategies, and communicate performance and market outlook to clients and internal stakeholders, while participating in meetings and

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics or a related field required.
• 5 years of financial services experience, preferably with a bank, or 3 years of experience directly managing investments.
• CFA Institute accreditation or Chartered Market Technician CMT, or willingness to work to achieve is strongly preferred.
• Understanding of Modern Portfolio Theory, Adaptive Markets theory, fiduciary responsibilities, and investment policy implementation.
• Excellent verbal, written and interpersonal communication skills.
• Willingness to travel on a limited basis for new opportunities and/or client meetings.

Responsibilities

• Reports directly to and accepts direction from the Chief Investment Officer.
• Performs trading, rebalancing and other portfolio management services in strict accordance with guidelines established by the Investment Policy Committee.
• Supports client acquisition, business development, and retention efforts through participation in prospect meetings and relationship reviews as requested.
• Participates in investment meetings and contributes research, analysis, observations, and recommendations regarding approved investments, portfolio construction, market developments, and investment strategies.
• Review and interpret portfolio and benchmark performance results and identify key drivers of performance. Analyze portfolio attribution and performance dispersion to improve portfolio implementation and client outcomes.
• Utilize approved performance and risk reports in ongoing portfolio management and client communications.
• Stays up to date on the current monetary, fiscal, and economic environment and their implications on various financial markets.
• Present portfolio reviews, investment recommendations, and market commentary to clients and internal stakeholders as assigned.
• Research projects as needed.
• Completion of annual account reviews.
• Ad hoc projects, as determined by management.

Skills

Analytical thinking

Time management

Communication skills

Problem solving

Attention to detail

Multi-tasking

Education

Bachelor of Finance/Accounting/Economics or related field

Master's degree preferred

Tools

Microsoft Office

Job description

PlainsCapital Bank is looking to hire a Wealth Portfolio Manager. Responsible for the day-to-day management and implementation of investments for a specific group of clients, utilizing approved investment strategies, asset allocations, and model portfolios established by the Investment Policy Committee and Chief Investment Officer, monitoring and rebalancing the investments, implementing tactical decisions, and managing tax strategy and attributing performance where applicable. These clients are primarily affluent individuals/families, corporations, or charitable organizations. Considered an integral role to each relationship, and although the assigned Administrator will often be the “Relationship Manager,” the PM’s specific involvement in communicating with each client will be determined by each relationship’s unique considerations and needs.

Responsibilities

• Reports directly to and accepts direction from the Chief Investment Officer.
• Performs trading, rebalancing and other portfolio management services in strict accordance with guidelines established by the Investment Policy Committee.
• Supports client acquisition, business development, and retention efforts through participation in prospect meetings and relationship reviews as requested.
• Participates in investment meetings and contributes research, analysis, observations, and recommendations regarding approved investments, portfolio construction, market developments, and investment strategies.
• Review and interpret portfolio and benchmark performance results and identify key drivers of performance. Analyze portfolio attribution and performance dispersion to improve portfolio implementation and client outcomes.
• Utilize approved performance and risk reports in ongoing portfolio management and client communications.
• Stays up to date on the current monetary, fiscal, and economic environment and their implications on various financial markets.
• Present portfolio reviews, investment recommendations, and market commentary to clients and internal stakeholders as assigned.
• Research projects as needed.
• Completion of annual account reviews.
• Ad hoc projects, as determined by management.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics or a related field required. Master's Degree preferred.
• 5 years of relevant financial services experience, preferably with a bank, or 3 years of experience directly managing investments.
• Accreditation from the CFA Institute or Chartered Market Technician CMT, or willingness to work to achieve is strongly preferred.
• Understanding of Modern Portfolio Theory, Adaptive Market Theory, fiduciary responsibilities, and investment policy implementation.
• Excellent analytical, time management, organizational, and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
• Excellent verbal, written and interpersonal communication skills.
• Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems. Interest in emerging investment technologies, artificial intelligence applications, automation tools, and data-driven analytical techniques.
• Self-motivated professional capable of exercising sound judgment with appropriate supervision and guidance.
• Willingness to travel on a limited basis for new opportunities and/or client meetings.

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required and may be changed at the discretion of the Company.

About Us

PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.

Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.

PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.

PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.

To learn more, please visit us online at plainscapital.com/about .