VP Director of Portfolio Management

Union Savings Bank•New Milford, CT

12h

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 future growth. The role participates actively in the investment process by monitoring markets, providing recommendations on investment strategies and client portfolios, and helping develop and implement the department’s investment philosophy, strategies, policies, and procedures. It also supports the development of a scalable investment platform and works independently on investment-process projects at the direction of the CIO. The Director manages an unrestricted composite portfolio of equities and fixed income, develops model portfolios, and manages client relationships in a fiduciary capacity. The role provides investment guidance and recommendations, monitors investment and portfolio performance, and ensures decisions align with client objectives, governing instruments, risk tolerance, fiduciary principles, regulatory requirements, and Bank policies. The position cultivates relationships with current and prospective clients, prepares proposals and presentation materials, participates in client presentations and educational events, and contributes investment content to marketing channels. It also supports business development and referral generation through collaboration with wealth and USB colleagues and participation in community and industry activities. The role includes team-development and human-resources responsibilities, such as supporting employee growth and conducting performance, career-development, training, and corrective-action processes.

Responsibilities

Contribute to the strategic direction and future growth of the wealth management department.
Contribute to developing and implementing 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 evaluate developments that may affect investments and the Bank’s investment function.
Help build a scalable investment platform to support the department’s future growth.
Develop model portfolios for account-level use or as guides for specific portfolio recommendations.
Manage an unrestricted composite portfolio of equities and fixed income 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 Bloomberg and Thompson systems.
Evaluate investment vendor services, offerings, costs and benefits, and contract provisions; recommend actions to senior management.
Complete investment-process projects independently at the direction of the CIO.
Manage client relationships as a fiduciary, putting client interests and outcomes first.
Provide clients with market guidance and actionable investment ideas.
Develop investment recommendations and use prudent practices and unbiased judgment in managing client portfolios.
Ensure portfolio management complies with client governing instruments, risk tolerance and goals, fiduciary principles, regulatory requirements, and Bank policies.
Work with clients to achieve optimal investment performance and continually monitor individual investments and client portfolios.
Cultivate relationships with existing and prospective clients.
Prepare presentation materials using print and electronic media and participate in client presentations.
Prepare investment proposals for prospective clients and institutional requests for proposals.
Work with the wealth marketing team to provide market and investment information that promotes the department’s strategic brand.
Participate in educational webinars and events and provide investment content for print and other marketing channels.
Establish and grow investment relationships and support new-business development with wealth and USB colleagues.
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 human-resources processes, including performance, incentive, and introductory-period reviews; career development; training; and disciplinary or corrective actions.