Director of Investment Management Services

Mechanics Bank is currently searching for a Director of Investment Management Services to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site at our Walnut Creek office.

The Director of Investment Management Services has overall responsibility for the Investment Management offerings at the Bank including the investment management group, investment oversight group, and Mechanics Investment Services. The Director oversees the assignment and delegation of investment management to internal or external RIA partners for all accounts with investment authority. Ensures the investment objectives are met for all investment accounts through periodic monitoring of performance, asset allocation, concentrations and cash balances. The Director is the liaison and designated contact for the third party networking agreement the bank has with LPL Financial. Maintains a strong focus on client acquisition and account retention to meet net portfolio growth objectives. Works closely with executive management to outline and implement plans for growth and strategy for the investment management offerings within the wealth management platform.

What you will do:

• Manages the Investment Management Group ensuring that Portfolio Managers adopt policies, procedures and practices to meet client investment objectives. Includes overseeing all key investment functions including equity and fixed research and trading and related operations.

• Manages the Investment Oversight Group ensuring client investment objectives are met through ongoing account reviews, review and monitoring of IPSes, quarterly performance, asset allocation, and concentrations reviews.

• Oversees due diligence on new and existing Registered Investment Advisors ((RIAs) engaged to manage investments in trust accounts.

• Acts as Designated Contact and liaison for Mechanics Investment Services (MIS) networking arrangement with LPL Financial to provide investment management services in our retail branches.

• Chair Trust Investment Committee and may chair Mechanics Investment Services Oversight Committee.

• Active participant in Senior Team for Wealth Management department to set and implement strategic goals, review and improve processes.

• Maintains a strong focus on client acquisition and account retention including oversight of newsletters, commentaries and seminars in order to meet the net growth objectives of the Bank.

• Supports new business efforts by overseeing, leading or attending prospect meetings. Represents the Bank in business related activities including professional organizations, conferences, seminars, community events and in other similar situations to enhance the reputation of Mechanics Bank and expand business opportunities.

• Communicates with investment advisors, co-trustees, beneficiaries, accountants and attorneys, as needed for new business and client relationship management.

• Assists management in preparing for regulatory exams and annual audits: Completion of requested items from the entry letter, ongoing questions, responding to final recommendations and citations, implementing management’s responses.

• In collaboration with compliance team, ensures the investment management offerings comply with governing FDIC, SEC, and FINRA regulations.

• Carries out supervisory responsibilities in accordance with the Bank's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; managing and appraising performance; addressing complaints and resolving problems.

• Oversees the creation and maintenance of all policies and procedures relating to investment management offerings within the wealth management platform. Ensures all new and existing business is reviewed for suitability in line with the bank’s risk tolerance and the suitability of IPSes for each new account.

Who you are:

• Ability to supervise others, as well as capability to provide performance coaching and effective employee goal setting.

• Ability to supervise others, as well as capability to provide performance coaching and effective employee goal setting.

• Ability to disseminate information and guidelines clearly to employees and check for understanding.

• Proficient with MS Office suite and Internet.

• Possess excellent human relations, communications and business writing skills.

• Possess effective time management and organizational skills.

• Able to cope with pressure resulting from meeting required deadlines and reporting requirements.

• Demonstrate teamwork in facilitating workflow. High level of cooperation with others and responsive to the Bank’s needs.

• Exemplary motivation, enthusiasm, and professionalism.

• High level of accuracy and great attention to detail.

• Strong analytical and problem solving skills.

• Able to make and support sound decisions.

• Consistently demonstrate tact, discretion and good judgment.

• Exhibit high degree of professionalism and confidentiality in handling and having access to sensitive information.

• Demonstrate excellent customer service skills.

• Able to work effectively without direct supervision.

• Able to comprehend and interpret Bank policies and procedures.

• Must be able to travel throughout bank’s footprint to perform required duties (less than 25%)

• 10 years of experience

• 5 years of leadership or management experience

#LI-DNI

Salary Range: $190,000-250,000 annually

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCP here.

• To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit

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