Portfolio Manager III

Bank of America • Reno, NV

5d • $135,600 - $300,000 • Onsite

About The Position

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 portfolios, including asset allocation, portfolio construction, security and manager selection, trade execution, risk management, compliance, investment reviews, and proactive client communication. The position also supports client retention and business development and mentors associates.

The role requires understanding each client's circumstances and objectives, building meaningful client relationships, and collaborating with teammates to deliver integrated solutions across equities, fixed income, alternative investments, and Specialty Asset Management as appropriate. The Portfolio Manager reviews performance and anticipated market changes with clients and stays informed about Chief Investment Office recommendations, market conditions, and economic trends to anticipate and mitigate investment risks.

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.
• Knowledge of fiduciary and financial products and services acquired through extensive related work experience.
• Broad-based technical knowledge of investments, tax, legal matters, and operations necessary to service clients.
• Knowledge of fiduciary standards, principles, and applicable laws and regulations, typically 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.
• A suitable combination of financial services expertise, management experience, and business development experience.

Responsibilities

• Understand clients’ situations and circumstances to develop and recommend investment strategies tailored to their goals and objectives.
• Manage all aspects of client investment portfolios, including asset allocation, portfolio construction, security and manager selection, trade execution, risk management, compliance, and investment reviews.
• Collaborate with teammates to deliver integrated solutions, including equities, fixed income, alternative investments, and Specialty Asset Management as appropriate.
• Engage with clients to review investment performance and anticipated market changes informed by economic and industry analysis.
• Stay up to date on Chief Investment Office recommendations, current 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.
• Mentor associates.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Resources and support for employees.
• Eligibility to participate in the annual discretionary incentive plan, with awards based on individual performance and behavior, line-of-business and/or group contributions, and overall company success.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED