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 Portfolio Manager also supports client retention and business development and mentors associates. The position involves understanding each client's circumstances and recommending strategies tailored to their goals. It collaborates with teammates to provide 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, stays current on Chief Investment Office recommendations and economic and market trends, and builds client relationships with care, skill, diligence, and ethics. Bank of America describes an in-office culture that supports collaboration, engagement, and career development, with role-specific flexibility based on responsibilities and business needs.

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, 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 needed 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.
An appropriate mix of financial services expertise, management, and business development experience.

Responsibilities

Understand clients’ situations and circumstances and develop and recommend investment strategies tailored to their unique 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.