VP Director of Portfolio Management

Union Savings Bank - CT•New Milford, CT

About The Position

The Director of Portfolio Management is a key member of the wealth management team, contributing to the department’s strategic direction and growth. The position participates in the investment process by monitoring market conditions, contributing to economic outlooks, and recommending investment strategies and client portfolio actions. It also helps build a scalable investment platform, develops model portfolios, and manages an unrestricted composite portfolio of equities and fixed income against relevant benchmarks. The director manages client relationships in a fiduciary capacity, providing investment advice and guidance while placing client interests and outcomes first. The role develops recommendations tailored to client goals, risk tolerance, governing instruments, regulatory requirements, and Bank policies, and continually monitors investment and portfolio performance. The position also supports client and prospect presentations, prepares investment proposals and institutional RFP responses, provides investment content for marketing, and contributes to new business development and referral generation. It evaluates investment vendors and services, serves as the department expert on investment systems, and works on investment-process projects at the CIO’s direction. The role includes team development and responsibility for specified human resources processes.

Responsibilities

Contribute to the department’s strategic direction and future growth.
Help develop and implement the department’s investment philosophy, strategies, policies, and procedures.
Provide insight on asset allocation and equity portfolio strategy.
Monitor and analyze market conditions, contribute to the department’s economic outlook, and assess developments that may affect investments and the Bank’s investment function.
Help build a scalable investment platform and develop model portfolios for account-level use or as guidance for portfolio recommendations.
Manage an unrestricted composite portfolio of equities and fixed income, measured against relevant benchmarks.
Use investment analytical services and information to evaluate stocks, bonds, mutual funds, and other investment vehicles.
Serve as the department expert on investment systems, including performance tracking, modeling, research, and the Bloomberg and Thompson systems.
Evaluate investment vendor services, offerings, costs and benefits, and contract provisions, and recommend appropriate action to senior management.
Work independently on investment-process projects at the CIO’s direction.
Manage client relationships as a fiduciary, putting client interests and outcomes first, and provide market guidance and actionable investment ideas.
Develop investment recommendations and manage client portfolios in accordance with governing instruments, risk tolerance, investment goals, fiduciary principles, regulatory requirements, and Bank policies.
Work closely with clients to achieve optimal investment performance and continually monitor individual investments and client portfolios.
Cultivate relationships with existing and prospective clients and prepare presentation materials using print and electronic media.
Participate in client presentations, independently or with department officers.
Prepare investment proposals for prospective clients and responses to institutional RFPs.
Work with the wealth marketing team to provide market and investment information, support the department’s strategic brand, participate in webinars and events, and provide investment content for print and other marketing channels.
Establish and grow investment relationships and assist with the department’s new business development efforts in conjunction with wealth and USB team members.
Identify and cultivate internal and external referral sources through community and industry activities.
Pursue leads or refer them to the people most likely to close the business.
Motivate personnel, promote workplace enthusiasm, support professional growth through education and training, and provide tools and cross-training for employee development.
Perform performance, incentive, and introductory-period reviews; support career development and training; and carry out disciplinary or corrective actions.