Fixed Income Portfolio Manager

Zions Bancorporation • Salt Lake City, UT

2d • $160,000 - $200,000

About The Position

The Corporate Investments & Liquidity Management (CILM) team is part of Zions Wealth Management. This division mainly serves institutional clients, including corporations, municipalities, foundations, non-profits, public entities, and other institutions in the western U.S. We manage customized portfolios of short-term fixed income investments, providing our clients with enhanced yield on their surplus cash balances while ensuring safety of principal and adequate liquidity. Our managed portfolios can include US Treasuries, callable and non-callable Agencies, taxable and tax-exempt municipal bonds, commercial paper, fixed and floating rate corporate bonds, money market mutual funds, and certificates of deposit. Since our investment portfolios are highly customized and short in duration, we interact frequently with our clients to ensure their liquidity needs are met. Getting to know clients and prospects well and providing services that contribute to their success is one of the most rewarding aspects of what we do.
The Fixed Income PM plays a key role on the CILM team managing and trading high-quality fixed income portfolios and supporting clients with a high level of service. Experience trading taxable fixed income securities required. The Fixed Income PM also develops client and prospective client presentations, provides client portfolio reviews, drives new business growth, delivers market talking points, and responds to client inquiries as needed.

Requirements

• Strong written and verbal communication skills and service orientation.
• The ability to thrive in a collaborative, team-oriented environment within Wealth Management.
• The ability to work effectively with banking partners on new opportunities and existing client relationships.
• Seek efficiency and improvement where possible.
• Proven analytical skills and strong quantitative acumen.
• The ability to meet deadlines while maintaining a high level of attention to detail.
• Experience with Bloomberg fixed income functionality.
• Experience in managing and trading individual fixed income and money market securities.
• Bachelor’s degree required, CFA or MBA a plus.
• A minimum of 8 or more years of fixed income portfolio management and/or trading experience, preferably with investment grade fixed income and money market securities. A combination of education and experience may meet requirements.
• Ability to acquire Series 65 or 66 securities license.

Nice To Haves

• Ability to mentor junior team members.
• An understanding of the Utah Money Management Act is a plus; familiarity with state investment codes in other states is also important to ensure that our investment portfolios comply with all legal requirements that apply in each client’s jurisdiction.

Responsibilities

• Proficient in all aspects of fixed income portfolio management including portfolio construction techniques, ability to assess relative value among fixed income securities, understand security sensitivity to interest rates or to change in credit spreads.
• Trade Treasuries, agencies, commercial paper, and investment-grade corporate bonds.
• Develop new, and support existing, high value client relationships such as corporations, public entities, foundations, endowments and not-for-profit organizations.
• Generate and deliver presentations to clients and prospects.
• Meet regularly with clients.
• Effectively communicate portfolio positioning, analysis, and strategy to clients and prospects.
• Speak at industry and bank events and conferences.
• Assist clients on an ad hoc basis with account inquiries and other operational needs.
• Work collaboratively with other CILM team members to coordinate investment strategy, generate investment ideas, and increase our overall knowledge base and expertise in the markets we cover.
• Other duties as assigned.

Benefits

• Medical, Dental and Vision Insurance - START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire
• Employee Ambassador preferred banking products

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level