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Portfolio Manager Iii
Palo Alto, CA Job Title: Portfolio Manager III Job Location: Palo Alto, California Job Type: Full-time Salary: Competitive salary based on experience Experience: Minimum 10-15 years of investment decision making and financial consulting experience working with high net worth clients and ultra-high net worth clients. Company Description: Bank of America is a leading financial institution, dedicated to helping individuals and businesses achieve their financial goals. We prioritize Responsible Growth and strive to create a diverse and inclusive workplace for all of our employees. We offer competitive benefits to support the physical, emotional, and financial well-being of our teammates and their families. Join our team and make a difference! Job Summary: As a Portfolio Manager III at Bank of America, you will work with complex High Net Worth Investors to create customized investment strategies. This role is responsible for understanding strategic investment objectives, spending policy needs and unique client/prospect goals to provide guidance and develop, implement and manage investments. The Portfolio Manager will manage customized client portfolios on a fully discretionary basis and provide advisory services and single mandate strategies where applicable. This position is ideal for individuals who thrive in a fast-paced, dynamic environment and are passionate about making a positive impact in their clients' financial lives. Responsibilities: - Oversee completion of investment policy statement - Act as a technical/industry expert in managing complex individual and family client relationships - Support PC teams in effectively communicating to prospects our business culture, investment philosophy and range of investment and non-investment solutions - Develop and recommend strategies to achieve the investment goals of clients - Meet with clients to review investment performance and forecast market changes based on economic and industry analysis - Conduct all aspects involved with managing portfolios, including executing trades, maintaining investment action plans, monitoring and addressing overdrafts, conducting investment reviews, and documenting account activities and client interaction - Support revenue growth by meeting individual investment management, credit and deposit goals - May be responsible for developing and marketing specialized asset allocation products and services - Supervise, mentor and coach junior staff Qualifications: - Minimum of 10-15 years of investment decision making and financial consulting experience working with high net worth clients and ultra-high net worth clients - Broad-based technical knowledge of investments, tax, legal and operations necessary to service clients - Knowledge of fiduciary standards, principles and applicable laws and regulations - Skills and experience in negotiating, delegating, leadership, client service and relationship management - Undergraduate degree in Finance, Accounting, Economics or equivalent financial services/business experience preferred - Appropriate credentials such as CPA, CFP and/or CFA designation - Graduate degree such as MBA or JD preferred 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 Shift: 1st shift (United States of America) Hours Per Week: 40 Travel: Yes, 5% of the time Company: Bank of America Department: Investment Management H1: Join Our Team as a Portfolio Manager III at Bank of America H2: Make a Positive Impact in the Financial Lives of High Net Worth Clients Bullets: - Responsible for creating customized investment strategies for complex High Net Worth Investors - Manage individual securities, SMAs, alternative investments, and Specialty Assets - Monitor portfolios and rebalance to align with client's investment objectives and risk tolerances - Oversee completion of investment policy statement - Act as a technical/industry expert in managing client relationships - Develop and recommend strategies to achieve client's investment goals - Meet with clients to review investment performance and forecast market changes - Conduct all aspects involved with managing portfolios - Support revenue growth by meeting individual investment management, credit and deposit goals - May be responsible for developing and marketing specialized asset allocation products and services - Supervise, mentor and coach junior staff - Minimum 10-15 years of investment decision making and financial consulting experience required - Undergraduate degree in Finance, Accounting, Economics or equivalent preferred - Appropriate credentials such as CPA, CFP and/or CFA designation preferred - Skills in negotiation, delegation, leadership, client service and relationship management required - Competitive salary based on experience - Full-time position with 40 hours per week - Travel required (5% of the time) - Company: Bank of America - Department: Investment Management |
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