Portfolio Manager III

Bank of America • Newport Beach, CA

1d • $135,600 - $300,000 • Onsite

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 portfolios, 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 and mentors associates.

The manager works with clients to understand their circumstances and recommend strategies tailored to their goals, collaborates with teammates to provide integrated investment solutions, and reviews performance and anticipated market changes with clients. The role stays current on Chief Investment Office recommendations, market conditions, and economic trends, and builds client relationships through care, skill, diligence, and ethical conduct.

This is a first-shift position based in Newport Beach, California, with 40 hours per week. The stated annualized pay range is $135,600 to $300,000, with offers based on experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and benefits.

Requirements

• At least 10 years of investment decision-making and financial consulting experience with high-net-worth and ultra-high-net-worth clients.
• Experience in positions of increasing responsibility at an established and prestigious financial services firm, likely in wealth management, private banking, and/or trust.
• Extensive related work experience and 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, typically acquired through training, seminars, or law school.
• Negotiation, delegation, and leadership skills and experience.
• Superior client service and relationship management skills.

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 mix 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 and compliance, and investment reviews.
• Collaborate with teammates to deliver integrated solutions, including equities, fixed income, alternative investments, and Specialty Asset Management as appropriate.
• Review investment performance and anticipated market changes with clients, drawing 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

• Paid time off.
• Benefits eligibility.
• Annual discretionary incentive award eligibility, based on individual performance and behaviors, line-of-business and/or group performance and contributions, and overall company success.
• Resources and support for employee wellness.

What This Job Offers

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