Portfolio Manager III
Company: Disability Solutions
Location: San Antonio
Posted on: September 28, 2024
Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day. One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being. Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us! Job Summary:Works with complex High Net Worth
Investors to create customized investment strategies. Responsible
for understanding strategic investment objectives, spending policy
needs and unique client/prospect goals to provide guidance and
develop, implement and manage investments. Portfolio Managers (PMs)
can manage customized client portfolios on a fully discretionary
basis and where applicable provides advisory services and single
mandate strategies. Manages individual securities (stocks, bonds,
REITs, MLPs, etc.), SMAs, alternative investments, and Specialty
Assets (i.e. Timber, Farm, Oil and Gas), in addition to monitoring
the portfolios and rebalancing to ensure alignment of asset
allocation with client's investment objectives and risk tolerances.
Usually manages the firm's the most complex and sophisticated
relationships.Job Description:The Portfolio Manager is the
investment quarterback of the client relationship and is
responsible for evaluating, designing and overseeing all aspects of
the portfolio construction including manager selection.
- Oversee completion of investment policy statement.
- Act as a technical/industry expert in managing complex
individual and family client relationships for clients who desire a
sophisticated investment program, including, manager selection,
type of vehicle, including traditional, alternative, and derivative
solutions.
- Support PC teams in effectively communicating to prospects our
business culture, investment philosophy and range of investment and
non-investment solutions that are relevant to the prospect and or
existing clients.
- Develop and recommend strategies to achieve the investment
goals of clients.
- Meet with clients to review investment performance and forecast
market changes based on economic and industry analysis, including
objectives and asset allocation models, ensuring current
allocations are appropriate.
- Conduct all aspects involved with managing portfolios,
including executing all trades, maintaining investment action
plans, monitoring and addressing overdrafts, conducting Reg. 9
investment reviews, and documenting account activities and client
interaction.
- Support revenue growth of the market by meeting individual
investment management, credit and deposit goals.
- May be responsible for developing and marketing specialized
asset allocation products and services.
- Supervising, mentoring and coaching more junior staff.Required
Qualifications:
- A minimum of 10-15 years of investment decision making and
financial consulting experience working with high net worth clients
and ultra-high net worth clients.
- This individual will have held positions of increasing
responsibility with an established and prestigious financial
services firm, most likely in a wealth management, private banking
and/or trust field.
- Knowledge of fiduciary and financial products and services
required through extensive related work experience.
- Broad-based technical knowledge of investments, tax, legal and
operations necessary to service clients.
- Knowledge of fiduciary standards, principles and applicable
laws and regulations usually acquired through training, seminars or
law school.
- Skills and experience in negotiating, delegating, leadership,
superior client service and relationship management skills
required. Desired Qualifications:
- Undergraduate degree in Finance, Accounting, Economics or
equivalent financial services/business experience preferred as well
as hold appropriate credentials such as CPA, CFP and or CFA
designation.
- A graduate degree such as MBA or JD preferred
- The ideal candidate will bring an appropriate mix of financial
services expertise, management and business development
experienceSkills:
- Advisory
- Client Investments Management
- Customer and Client Focus
- Investment Management
- Presentation Skills
- Active Listening
- Analytical Thinking
- Attention to Detail
- Client Experience Branding
- Valuation Ethics and Practice Standards
- Collaboration
- Critical Thinking
- Data Quality Management
- Trading
- Written CommunicationsMinimum Education Requirement: High
School Diploma / GED / Secondary School or equivalentShift:1st
shift (United States of America)Hours Per Week: 40
Keywords: Disability Solutions, San Antonio , Portfolio Manager III, Accounting, Auditing , San Antonio, Texas
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