Managing Director, Family Wealth Investments & Advice

KeyBank•Cleveland, OH

8d•$165,000 - $345,000•Hybrid

About The Position

The Managing Director of Family Wealth Investments and Advice leads the management of Ultra High Net Worth (UHNW) clients’ investment portfolios and provides financial guidance, investment strategies, and high-quality client service. This senior-level, player/coach position leads experienced UHNW portfolio managers and investment consultants and contributes to strategies for developing new business opportunities. The role requires an understanding of UHNW clients’ needs, a strong portfolio management track record, and leadership abilities. The Managing Director serves on the Family Wealth Leadership Team, contributing to the development of a best-in-class Multi Family Office business. The role stays current on competitors, economic conditions, and regulatory changes; manages client relationships and portfolios; leads investment teams; supports compliance and risk management; contributes to business growth; and works with the Investment Center to distribute investment strategies and expand the Family Office’s presence through speaking engagements and client-facing events. Duties may change or be assigned at any time. The position also requires compliance with KeyBank policies and procedures and ethical conduct in clients’ and Key’s best interests. The position is based at 127 Public Square in Cleveland, Ohio. Key prioritizes in-office presence while providing flexible options when work can be performed effectively in a mobile environment. Occasional travel, including overnight stays, is required. The role involves general office work and the physical demands listed in the posting.

Requirements

Bachelor’s degree in Business Administration, Finance, or a related discipline.
At least 10 years of investment and portfolio management experience.
Detailed knowledge of relevant asset classes.
Strong communication skills and experience with face-to-face client interactions.
Demonstrated ability to work independently and as part of a team.
Occasional travel, including overnight stays.
Ability to meet the stated physical demands: prolonged sitting; communicating in person or by phone; frequent PC/laptop use; and occasional lifting, pushing, or pulling of computer bags or backpacks up to 10 lbs.

Nice To Haves

Master’s degree in business administration or a related field.
Chartered Financial Analyst (CFA) designation.

Responsibilities

Serve on the Family Wealth Leadership Team and contribute to developing a best-in-class Multi Family Office business.
Stay abreast of competitive trends, economic conditions, and regulatory changes.
Develop and implement investment strategies for UHNW clients based on their financial goals, risk tolerance, and market conditions.
Monitor and optimize client portfolios to pursue returns while minimizing risks.
Serve as a primary point of contact for UHNW clients, build trusted relationships, understand their objectives, communicate strategies, and provide portfolio-performance updates.
Manage Investment Consultants and Portfolio Strategists who provide client relationship and investment services.
Lead, guide, mentor, and support investment consultants, portfolio managers, and analysts; foster collaboration, high performance, professional development, and knowledge sharing.
Ensure compliance with regulatory requirements and internal policies.
Mitigate investment risks through risk management practices, due diligence, and portfolio-construction best practices.
Identify opportunities to expand the UHNW client base and deepen existing client relationships.
Collaborate with marketing and sales teams on business-growth strategies.
Coordinate with the Investment Center to optimize a thought leadership engine that distributes strategies to advisors.
Expand the Family Office’s presence through speaking engagements and client-facing events.
Perform other duties as assigned and comply with KeyBank policies and procedures.