Portfolio Manager III
About The Position
At Bank of America, the Portfolio Manager III works with complex, high-net-worth investors to create customized investment strategies. The role evaluates, designs, constructs, manages, and monitors discretionary portfolio management, including asset allocation, portfolio construction, security and manager selection, trade execution, risk management and compliance, investment reviews, and proactive client communication. The position also supports client retention and business development while mentoring associates. The role is based at the NevDex Office Park in Reno, Nevada. Bank of America describes its culture as focused on responsible growth, inclusion, collaboration, engagement, and career development. The company has an in-office culture with expectations and flexibility based on role responsibilities and business needs. This is a first-shift role with 40 hours per week.
Requirements
- At least 10 years of investment decision-making and financial consulting experience working with high-net-worth and ultra-high-net-worth clients.
- Experience in positions of increasing responsibility at an established and prestigious financial services firm, most likely in wealth management, private banking, and/or trust.
- Extensive related work experience providing knowledge of fiduciary and financial products and services.
- Broad technical knowledge of investments, tax, legal matters, 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.
- Minimum education requirement: High school diploma, GED, secondary school, or equivalent.
Nice To Haves
- Bachelor’s degree in finance, accounting, economics, or a related field, or equivalent financial services/business experience.
- Graduate degree such as an MBA or JD.
- Appropriate credentials such as CPA, CFP, and/or CFA designation.
Responsibilities
- Understand clients’ situations and circumstances to develop and recommend investment strategies tailored to their goals and objectives.
- Manage all aspects of clients’ investment portfolios, including asset allocation, portfolio construction, security and manager selection, trade execution, risk management and compliance, and investment reviews.
- Collaborate with teammates to deliver integrated solutions, including equities, fixed income, alternative investments, and Specialty Asset Management as appropriate.
- Engage clients to review investment performance and anticipated market changes based on economic and industry analysis.
- Stay current on Chief Investment Office recommendations, market conditions, and economic trends to anticipate and mitigate investment risks.
- Develop meaningful client relationships while demonstrating care, skill, diligence, and ethics.
- Help drive client retention and business development, and mentor associates.
Benefits
- Industry-leading benefits
- Access to paid time off
- Resources and support for employees
- Eligibility for an annual discretionary incentive award based on individual performance and behavior, line-of-business and/or group performance, and overall company success
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
