Assistant Portfolio Manager

Chemung Canal Trust Com•Elmira, NY

4h•$19 - $29

About The Position

Responsible for performing administrative duties to support the WMG Investment Services function, including securities trading and re-balancing model portfolios, data entry and compiling various reports.

Requirements

BA or BS degree in a related field of study required
A minimum of two years in a related position preferred
Proficient interpersonal and communication skills
Proficient reading, writing, grammar and math skills
Develops working knowledge of current regulations, operating policies and procedures that impact the department and its function
Proficient computer skills including the Microsoft Office Suite
Ability to travel
Valid Driver’s License required

Nice To Haves

Specialized investment management education and training as well as specialized securities and securities trading education and training preferred

Responsibilities

Ensures the timely and accurate development of various investment services reports.
Keeps records of brokerage commissions as necessary and maintains good working relationships with various brokers.
Resolves problems regarding settlements, securities, etc. as necessary.
Maintains a working knowledge of investment services software.
Provides assistance in investment planning and portfolio management services, including performance reporting and preparing client presentations. Reviews portfolios with Investment Officers, as necessary. Understands investment plan for each assigned account.
Participates in the Department’s investment process, including reviewing individual securities and recommended asset allocations for specific account objectives. Participates in meetings with clients and their outside advisors, as necessary.
Understands the investment recommendations and investment strategies employed by the Department.
Gains investment knowledge and understanding from reports and investment information from other outside sources.
Initiates required administrative and operating procedures to ensure proper administration of accounts. Recommends operating methods as appropriate to manager.
Executes buy and sell orders for marketable securities in accordance with established Department policies.
Under the supervision of Portfolio Managers, manages model portfolios in a manner that reflects the Department’s current investment policies and strategies.
Assists in reviewing managed accounts for non-approved holdings; overweight positions and concentrations; asset allocation exceptions; and fixed income holdings whose ratings are below policy minimums. Works with the Portfolio Manager and Relationship Manager to resolve issues and document exceptions.
Performs special research on accounts as may be required at the client’s request or for departmental purposes.
Stays informed of relevant conditions and trends in the capital markets. Communicates to WMG Investment Services Manager and Portfolio Managers regarding this information.
Conforms to General Performance Expectations as identified for all employees.