Senior Trust Portfolio Manager

Columbia Bank•Portland, OR

About The Position

This role is for a Senior Portfolio Manager to lead client acquisition and portfolio management for ultra-high-net-worth individuals and family offices. The position requires deep investment acumen, a strong understanding of fiduciary trust laws, and expertise in alternative investments. The ideal candidate will be instrumental in growing the firm’s franchise by attracting and retaining sophisticated clients and delivering bespoke investment solutions. The role involves developing and executing strategic initiatives to acquire UHNW clients and family offices, leveraging personal networks, centers of influence, and strategic partnerships to expand the client base. Collaboration with marketing and business development teams is key to positioning the firm as a trusted advisor to UHNW families. The manager will design and manage highly customized portfolios tailored to complex client needs, including multi-generational wealth planning, and integrate traditional and alternative investments to optimize risk-adjusted returns. Proactive portfolio reviews, performance reporting, and strategic rebalancing are expected. The role serves as the lead advisor and relationship manager for UHNW clients and family offices, requiring in-depth discovery to understand family dynamics, legacy goals, and investment preferences, and delivering white-glove service to maintain long-term, trust-based relationships. Comprehensive knowledge of fiduciary trust laws is applied in advising on trust structures, estate planning, and wealth transfer strategies, coordinating with legal, tax, and estate planning professionals for compliance and optimal outcomes. Advice on governance frameworks and fiduciary responsibilities for family office structures is also part of the role. Sourcing, evaluating, and incorporating alternative investments such as private equity, venture capital, hedge funds, and real assets, along with conducting rigorous due diligence and risk analysis on non-traditional investment opportunities, is required. Educating clients on the role of alternatives in portfolio diversification and long-term wealth preservation is also a responsibility. The role contributes to the firm’s UHNW strategy, investment platform development, and thought leadership. Mentoring junior advisors and portfolio managers, fostering a culture of excellence and innovation, and staying current on market trends, regulatory developments, and family office best practices are also key aspects of the position. The role requires demonstrating compliance with all bank regulations for assigned job function, keeping up to date on regulation changes, and following all Bank policies and procedures. Maintaining a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable is necessary. The role may involve coaching, mentoring, or training others and teaching coursework as a subject matter expert. Actively learning, demonstrating, and fostering the Columbia corporate culture in all actions and words, taking personal initiative, and being a positive example for others to emulate are expected. Embracing the vision to become “Business Bank of Choice” is also part of the role. Other duties may be assigned.

Requirements

Bachelor’s degree in Finance, Economics, or related field
7+ years of industry work experience (Required)
Thorough understanding and ability to interpret moderately complex accounting literature and accounting pronouncements, regulations, practice, and theory, as well as the ability to apply this knowledge to day-to-day activities
Intermediate computer skills with an emphasis on Microsoft Office products, including Excel and Word
Organizational and project management skills
Effective team player
Effective verbal and written communication skills
Ability to meet bonding requirements for employment purpose
Stays informed of developments in security markets
Performs investment research
High level of understanding of asset allocation strategies
Skills and knowledge to manage individual equity or fixed income strategies

Nice To Haves

MBA, CFA, CFP, or CTFA preferred

Responsibilities

Develop and execute strategic initiatives to acquire UHNW clients and family offices.
Leverage personal networks, centers of influence, and strategic partnerships to expand the client base.
Collaborate with marketing and business development teams to position the firm as a trusted advisor to UHNW families.
Design and manage highly customized portfolios tailored to complex client needs, including multi-generational wealth planning.
Integrate traditional and alternative investments to optimize risk-adjusted returns.
Provide proactive portfolio reviews, performance reporting, and strategic rebalancing.
Serve as the lead advisor and relationship manager for UHNW clients and family offices.
Conduct in-depth discovery to understand family dynamics, legacy goals, and investment preferences.
Deliver white-glove service and maintain long-term, trust-based relationships.
Apply comprehensive knowledge of fiduciary trust laws in advising on trust structures, estate planning, and wealth transfer strategies.
Coordinate with legal, tax, and estate planning professionals to ensure compliance and optimal outcomes.
Advise on governance frameworks and fiduciary responsibilities for family office structures.
Source, evaluate, and incorporate alternative investments such as private equity, venture capital, hedge funds, and real assets.
Conduct rigorous due diligence and risk analysis on non-traditional investment opportunities.
Educate clients on the role of alternatives in portfolio diversification and long-term wealth preservation.
Contribute to the firm’s UHNW strategy, investment platform development, and thought leadership.
Mentor junior advisors and portfolio managers, fostering a culture of excellence and innovation.
Stay current on market trends, regulatory developments, and family office best practices.
Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities.
Keeps up to date on regulation changes.
Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
Takes personal initiative and is a positive example for others to emulate.
Embraces our vision to become “Business Bank of Choice”.
May perform other duties as assigned.

Benefits

Comprehensive healthcare coverage (medical, dental, and vision plans)
401(k)-retirement savings plan with employer match for qualifying associate contributions
Employee assistance program
Life insurance
Disability insurance
Tuition assistance
Mental health resources
Identity theft protection
Legal support
Auto and home insurance
Pet insurance
Access to an online discount marketplace
Paid vacation
Sick days
Volunteer days
Holidays