Institutional Relationship Manager II
About The Position
Every step of the UMB Institutional Investment Management investment process is overseen and executed by dedicated teams of research and portfolio specialists. From both a top-down and bottom-up perspective --- from the global macro-economic environment down to individual security selections and concluding with Strategic and Policy oversight --- teams of experts develop and implement the guiding investment themes and the fulfillment strategies to optimally leverage the division’s outlook for the upcoming cycle, in the manner best suited to the clients’ goals and objectives. The Institutional Investment Management Relationship Manager II works with our Institutional Investment Management (IIM) clients. This role helps coordinate custom investment solutions that harness the power of the investment process outlined above. In this role, you will serve as the investment management liaison between the client and our Portfolio Construction Desk. You will serve as the primary relationship manager that coordinates the development, maintenance, and oversight of the investment strategy and asset allocation for clients serviced by the Institutional Investment Management team. This role will focus on serving our clients that have between $2-$25 million in assets under management.
Requirements
- Bachelor’s degree in relevant field or combination of education and experience that provides and equivalent background
- 3+ years of applicable experience
- Great communicator with strong interpersonal skills
- Systems thinking and complex problem solving
- Attention to detail, yet ability to grasp big picture
- Highly organized and can effectively multi-task
- Ability to work independently, collaborating with others to understand and meet client objectives
- Ability to adapt to changing information and business needs
- Demonstrated ability to learn and communicate complex and detailed information
- Analytical problem solver with the ability to think creatively
- Organize and prioritize activities to achieve goals
- Exceptional written communication
- Strong proficiency of Microsoft Office Suite (Word, Excel, PowerPoint, SharePoint)
- Proficiency in Salesforce CRM software
- Proficiency in UMB custody and clearing platforms such as SEI and Fidelity Wealthscape
- Proficiency in Workday, Peoplesoft, Archer, Skillport and Hyperion
Nice To Haves
- Knowledge of private equity products and legal structures
- Experience with Institutional products and services within Wealth Management
- Working knowledge of applicable laws and regulations in wealth and asset management
Responsibilities
- Collaborate with the firm's Portfolio Construction Desk (PCD) to open investment advisory accounts for IIM clients and manage their investment strategy on a discretionary basis.
- Work with advisory teams to migrate existing portfolios to PCD through active rebalancing and tax aware strategies.
- Coordinate team to analyze portfolios and develop advanced Portfolio Management solutions and strategies based on the unique Investment Policy Statement (IPS) for each individual client and parameters provided via Request for Proposal (RFP) opportunities.
- Serve as primary relationship manager.
- Lead the discussion around investment strategy options and performance.
- Articulate firm messaging about key macro-economic and market factors.
- Participate in and lead sales presentations.
- Collaborate with Client Service Specialist to ensure that administrative tasks are processed in an accurate and timely manner.
- Develop and oversee investment functions, including policies, procedures, reporting, Regulation 9 review and performance metrics, utilizing firm-approved resources.
- Make asset allocation recommendations based on custom Investment Policy Statement provided by client and set up portfolios in collaboration with PCD.
- Critically examine current portfolio and provide rebalance instructions to PCD.
- Review and develop recommendations for appropriate benchmarks for the current asset allocation.
- Provide initial and ongoing review of client IPS.
- Manage a book of Institutional client relationships aimed at retention and expansion.
- Continuously focus on improving client satisfaction and engagement with staff and board members.
- Ensure all agreed upon client service levels are met.
- Responsible for new client onboarding, including legal documentation and authority resolution updates.
- Drive regular meeting schedules and establish reporting cycles with clients.
- Partner with other UMB LOBs (Capital Markets/Commercial/Business Banking) to ensure all client service needs and requirements are met.
- Coordinate internal resources to deliver services and to resolve client issues if they arise.
- Share industry expertise and best practices with clients.
- Coordinate and manage sponsorship requests.
- Deliver reports demonstrating that all standards of care and agreed upon service levels are achieved.
- Keep up to date the pipeline of all new business expansion opportunities across relationships.
- Based on client interactions and input from team associates, proactively identify new ways to enhance UMB’s value proposition in the marketplace.
- Complete all administrative duties as required and on time, including travel and expense reports.
Benefits
- Paid Time Off
- a 401(k) matching program
- annual incentive pay
- paid holidays
- a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
- health savings, flexible spending, and dependent care accounts
- adoption assistance
- an employee assistance program
- fitness reimbursement
- tuition reimbursement
- an associate wellbeing program
- an associate emergency fund
- various associate banking benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
