Sr. Client Portfolio Manager

Washington Trust Bank Careers•Bellevue, WA

About The Position

Under the supervision of the Director of Investments, the Sr. Client Portfolio Manager partners with the WMAS Investments Team and WMAS Relationship Managers to handle investment matters and client investment inquiries for assigned accounts. The role serves as the primary contact for fully managed accounts, including IMAs, IRAs, revocable trusts, charitable trusts, and nonprofits, while supporting client acquisition, retention, and relationship expansion. Candidates may be based in Bellevue, Washington, or Boise, Idaho. The position contributes to investment proposals, account reviews, portfolio monitoring, investment and risk-management strategy, fee-based product development, and client and employee education. It collaborates with the Director of Investments, analysts, Relationship Managers, Client Development, and Front Office teams, and may mentor other Client Portfolio Managers. The role must comply with applicable laws, regulations, and internal policies and procedures, and represent Washington Trust Bank professionally in community activities. Washington Trust Bank is an independent regional bank founded in 1902, with an $11 billion financial institution and 40 locations across Washington, Idaho, and Oregon. The bank emphasizes long-term client relationships and tailored financial products and services. The role is eligible for an applicable annual incentive plan. Compensation ranges are $188,253–$282,471 in Bellevue and $134,466–$201,765 in Boise; actual compensation may vary based on factors including location, experience, and performance. The bank describes its benefits as including health, financial, retirement, and work/life benefits.

Requirements

Bachelor's degree in finance, accounting, business, or a related field.
7–10 years of progressive analytical, portfolio management, and client relationship experience and responsibilities.
Extensive knowledge of investment instruments and strategies.
Experience in client service, including identifying and meeting client needs, client communications, and participating in client meetings.
Demonstrated ability to present information concisely and understandably to executives, management, employee groups, and clients.
Excellent written and verbal communication skills, including the ability to analyze, synthesize, and explain complex ideas to colleagues, team members, and clients.
Excellent interpersonal skills, including the ability to collaborate with diverse groups, manage conflict, negotiate for results, and develop working relationships with potential and current clients.
Proven analytical skills, including reviewing and interpreting complex data, determining risk, and assessing account complexity.
Organizational skills to meet deadlines and manage multiple projects simultaneously, with attention to detail and accuracy.
Familiarity with state and federal regulations and Washington Trust Bank policies relating to wealth management.

Nice To Haves

CFA, CIMA, and/or CFP designation, or working toward one or more of these designations.

Responsibilities

Handle investment matters and client investment inquiries for assigned accounts.
Serve as primary point of contact for fully managed accounts, including IMAs, IRAs, revocable trusts, charitable trusts, and nonprofits, consistent with WMAS Investments' philosophy and discipline.
Assist Client Development and Front Office teams in acquiring new clients and expanding and retaining existing relationships.
Help retain client relationships after the initial sale.
Participate in client meetings with Relationship Managers as appropriate.
Provide information and education to Relationship Managers to support value-added client service.
Provide recommendations and research to Client Development and Front Office teams; obtain Director of Investments approval for variances from WMAS Investments' style, philosophy, or portfolio construction.
Monitor client accounts for compliance with established investment strategies, style, and philosophy, and coordinate with analysts on changes needed to keep accounts within tolerance bands.
Oversee the preparation of proposals and presentations for prospects and clients as needed.
Review annual account investment reviews, excess cash, and bond maturities with Relationship Managers; communicate recommended changes and their rationale, and obtain appropriate approval before executing required changes.
Participate in WMAS Investments team meetings and strategy discussions.
Assist the Director of Investments with developing and implementing investment and risk-management strategies and fee-based products for individual, business, and institutional clients.
Coordinate with the Director of Investments to conduct education sessions, produce educational materials, and conduct seminars.
Work with the Director of Investments to mentor Client Portfolio Managers and Associate Client Portfolio Managers where appropriate.
Ensure activities comply with laws, regulations, and internal policies and procedures.
Represent Washington Trust Bank professionally in community activities and organizations to promote the bank and client relations.
Perform compliance and risk-management duties as required or assigned.