Awm- Pmg, VP

JPMorganChase • Newark, NJ

3d

About The Position

The Portfolio Management Group (PMG) implements Private Banking’s discretionary investment business, supporting investment advisors and other front-office partners as they pursue the Firm’s growth initiatives. PMG implements investment strategy and portfolio construction as directed by the Private Banking Strategy team and rebalances portfolios while managing risk across investment management and trust accounts.

The VP implements portfolio construction decisions, maintains knowledge of the investment solutions used throughout Private Banking and account-specific requirements, and reviews and trades managed-account portfolios. The role monitors client activity, implements strategic and tactical shifts, watches for model drift and strategy deviations, and manages relationships with internal client-facing teams and other internal partners.

Requirements

• Bachelor’s degree in a finance-related discipline with a minimum 3.3/4.0 GPA.
• 3–7 years of work experience in the financial services industry.
• Demonstrated solid understanding of investments and a keen interest in broadening knowledge of portfolio management.
• Demonstrated track record of building relationships with internal and external partners.
• Prior experience operating within a risk framework.

Nice To Haves

• Private Wealth Management experience preferred.
• CFA designation or progress toward attaining the CFA designation preferred, but not required.

Responsibilities

• Implement portfolio construction based on calls from the Strategy team and its investment vehicle selections.
• Maintain knowledge of investment solutions used throughout Private Banking, including mutual funds, exchange-traded funds, structured notes, hedge funds, and separately managed accounts.
• Maintain knowledge of each account’s unique requirements and sensitivities.
• Review and trade portfolios, manage orders, and execute trades across the managed-account business.
• Monitor client activity, including new-account initial investing and phase-ins, cash and security activity, and account liquidations.
• Implement strategic and tactical shifts announced by Portfolio Construction in a timely manner.
• Monitor accounts for model drift and strategy deviation.
• Manage relationships with internal clients, including client-facing teams, and work with internal partners to complete business initiatives.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior