Portfolio Manager III

Bank of America•Scottsdale, AZ

1d•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 portfolio manager develops investment strategies tailored to clients’ goals, manages their portfolios, and collaborates with teammates to deliver integrated solutions across equities, fixed income, alternative investments, and Specialty Asset Management as appropriate. The role reviews investment performance and anticipated market changes with clients and monitors Chief Investment Office recommendations, market conditions, and economic trends to anticipate and mitigate investment risks. The manager is expected to build meaningful client relationships and demonstrate care, skill, diligence, and ethics.

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 with an established and prestigious financial services firm, most 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.
Skills and experience in negotiating, delegating, and leadership.
Superior client service and relationship management skills.
High School Diploma, GED, secondary school education, 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.
Skills in advisory, client investments management, customer and client focus, investment management, presentation, active listening, analytical thinking, attention to detail, client experience, branding, valuation, ethics and practice standards, collaboration, critical thinking, data quality management, trading, and written communications.

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.
Engage with 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.
Mentor associates.