Senior Portfolio Manager, Director

Deutsche Bank • New York, NY

6d • $210,000 - $225,000 • Hybrid

About The Position

The Director / Senior Portfolio Manager is responsible for managing discretionary portfolios, implementing model and tactical allocation changes (including those tied to MiFID investment objectives), and partnering across investment, operations, and control functions to deliver compliant, client aligned outcomes. The role supports complex client needs, including cross border considerations and disclosure/limitations, and provides investment guidance to internal stakeholders.

Requirements

• Discretionary portfolio management, asset allocation reasoning, and manager/fund evaluation
• Ability to articulate tradeoffs (risk profile alignment, realized/unrealized gains, sequencing changes)
• CFA Designation
• Practical working knowledge of MiFID investment objectives, allocation/tactical updates, and the operational governance needed to implement model changes
• Familiarity with cross border restrictions/approvals, and the need to document/route items through the appropriate internal processes

Nice To Haves

• German (Fluent) — Desired/Strong Preference

Responsibilities

• Manage discretionary portfolios and provide investment recommendations and rationale (e.g., fund switches, sequencing trades mindful of unrealized gains); contribute to investment committee discussions with views on exposures, valuation, and implementation constraints
• Support MiFID-related deliverables, including account commentary/escalations and governance follow ups for accounts requiring attention
• Navigate cross border considerations for client onboarding/prospects, including identifying policy constraints (e.g., reverse solicitation requirements) and ensuring escalation/approval pathways are followed; coordinate cross border asset movement and associated visibility/impact management (e.g., liquidation/transfer of assets to Germany and associated reporting considerations)
• Update and maintain TAA weights linked to GAT/MiFID investment objectives, distribute updated weights, and coordinate approvals/controls for model changes in portfolio systems (PM1)
• Oversee and coordinate corrections for trade/process errors, including FX offsets, settlement awareness, and requests to avoid repeat errors; provide timely responses and documentation for operational reporting needs (e.g., overdraft commentary, escalation readiness)
• Communicate clearly and escalate appropriately when regulatory/investment guideline issues require next steps (e.g., suggesting escalation to partners/BSO for MiFID items)

Benefits

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift, and volunteer programs

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed