VP Director of Portfolio Management

Union Savings Bank - CT•Danbury, CT

20h

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 investment management by monitoring market conditions, providing investment strategy and portfolio recommendations, and helping develop and implement the department’s investment philosophy, strategies, policies, and procedures. The director also helps build a scalable investment platform and manages an unrestricted composite portfolio of equities and fixed income against relevant benchmarks. The role manages client relationships in a fiduciary capacity, prioritizing client interests and outcomes. It develops investment recommendations, monitors investment and portfolio performance, and provides clients with market guidance and actionable investment ideas while adhering to client objectives, governing instruments, fiduciary principles, regulations, and bank policies. The director cultivates relationships with existing and prospective clients, prepares and participates in client presentations, develops investment proposals and institutional RFP responses, and supports marketing communications and educational events with market and investment content. The role also contributes to new business development, referral generation, and team development, including employee growth, training, performance reviews, and corrective actions.

Responsibilities

Contribute to the wealth management department’s strategic direction, growth, and investment philosophy, strategies, policies, and procedures.
Provide insight on asset allocation and equity portfolio strategy.
Monitor and analyze markets, 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 offerings or as guides for specific 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 Bloomberg and Thompson systems.
Evaluate investment vendor services, offerings, costs and benefits, and contract provisions; recommend appropriate action to senior management.
Work independently on projects supporting the investment process as directed by the CIO.
Manage client relationships as a fiduciary, placing client interests and outcomes first; provide market guidance and actionable investment ideas.
Develop investment recommendations and manage client portfolios with prudent practices and unbiased judgment, consistent with client objectives, governing instruments, fiduciary principles, regulations, and bank policies.
Work with clients to pursue optimal investment performance and continually monitor individual investments and client portfolios.
Cultivate relationships with existing and prospective clients; prepare presentation materials and participate in client presentations.
Prepare investment proposals for prospective clients and responses to institutional RFPs.
Work with the wealth marketing team to provide market and investment information for the department’s strategic brand; participate in webinars and events and provide content for print and other marketing channels.
Establish and grow investment relationships and assist with new business development alongside wealth and USB team members.
Identify and cultivate internal and external referral sources through community and industry activities; pursue leads or refer them to colleagues best positioned to close business.
Motivate personnel, promote workplace enthusiasm, support professional growth through education and training, and provide cross-training tools and skills.
Perform human resources processes, including performance, incentive, and introductory-period reviews; career development and training; and disciplinary or corrective actions.