Portfolio Manager III

Bank of America•Boca Raton, FL

12h•Onsite

About The Position

At Bank of America, the purpose is to help make financial lives better through Responsible Growth, delivering for clients, teammates, communities, and shareholders. Being a Great Place to Work is central to this, involving an inclusive workplace, talent development, supporting physical, emotional, and financial wellness, recognizing performance, and community impact. Bank of America is committed to an in-office culture with specific attendance requirements and flexibility based on role. This specific job is responsible for working with complex, high-net-worth investors to create customized investment strategies. Key responsibilities include evaluating, designing, constructing, managing, and monitoring all aspects of discretionary portfolio management such as asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, investment reviews, and proactive client communication. The role also involves helping teams drive client retention and business development, while mentoring associates.

Requirements

Minimum of 10 years of investment decision making and financial consulting experience working with high-net-worth and ultra-high net worth clients
Has held positions of increasing responsibility with an established and prestigious financial services firm, most likely in a wealth management, private banking and/or trust field
Knowledge of fiduciary and financial products and services through extensive related work experience
Broad-based technical knowledge of investments, tax, legal and operations necessary to service clients
Knowledge of fiduciary standards, principles and applicable laws and regulations usually acquired through training, seminars or law school
Skills and experience in negotiating, delegating and leadership
Superior client service and relationship management skills
Advisory
Client Investments
Management
Customer and Client Focus
Investment Management
Presentation Skills
Active Listening
Analytical Thinking
Attention to Detail
Client Experience
Branding
Valuation
Ethics and Practice Standards
Collaboration
Critical Thinking
Data Quality Management
Trading
Written Communications
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Nice To Haves

Bachelor’s Degree in Finance, Accounting, Economics or related field or equivalent financial services/business experience
Graduate Degree such as MBA or JD
Holds appropriate credentials such as CPA, CFP and/or CFA designation

Responsibilities

Works to understand the client's situation and circumstances to develop and recommend an investment strategy tailored to their unique goals and objectives
Manages all aspects of the client's investment portfolio including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, and investment reviews
Collaborates with teammates to deliver the bank's full array of integrated solutions, such as equities, fixed income, alternative investments, and Specialty Asset Management as appropriate
Engages with clients to review investment performance and anticipated market changes based on economic and industry analysis
Stays up-to-date on recommendations from the Chief Investment Office, current market conditions, and economic trends to anticipate and mitigate investment risks
Develops meaningful relationships with clients, while demonstrating the highest care, skill, diligence, and ethics