Portfolio Manager III

Bank of America • Boca Raton, FL

1d • Onsite

About The Position

At Bank of America, the purpose is to help make financial lives better through Responsible Growth and delivering for clients, teammates, communities, and shareholders. Being a Great Place to Work is central to this, including an inclusive workplace, attracting and developing talent, supporting teammates’ physical, emotional, and financial wellness, recognizing performance, and community impact. Bank of America maintains an in-office culture with specific attendance requirements, allowing flexibility based on role. This 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

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees