Full-Time

Portfolio Manager III

Posted on 10/25/2024

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Compensation Overview

$135.6k - $275k/yr

+ Discretionary Incentive

Senior, Expert

Greenwich, CT, USA

Located at 55 Railroad Ave - Plaza 55 (CT1010), Greenwich, CT.

Category
Asset Management
Finance & Banking
Requirements
  • A minimum of 10+ 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.
Responsibilities
  • Works to understand the client's situation and circumstances to develop and recommend an investment strategy tailored to their unique goals and objectives
  • Manages all aspects of the client's investment portfolio including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, and investment reviews
  • Collaborates with teammates to deliver the bank's full array of integrated solutions, such as equities, fixed income, alternative investments, and Specialty Asset Management as appropriate
  • Engages with clients to review investment performance and anticipated market changes based on economic and industry analysis
  • Stays up-to-date on recommendations from the Chief Investment Office, current market conditions, and economic trends to anticipate and mitigate investment risks
  • Develops meaningful relationships with clients, while demonstrating the highest care, skill, diligence, and ethics
  • 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

Bank of America provides a wide range of financial services, including banking, investing, asset management, and risk management products. It caters to individuals, small and medium-sized businesses, and large corporations, serving around 56 million consumer and small business accounts in the U.S. The company's services include personal banking, credit cards, loans, and investment options. Bank of America stands out from its competitors by being a leading wealth management firm and a major player in corporate and investment banking. Its goal is to help clients achieve their financial objectives through comprehensive financial solutions.

Company Size

10,001+

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital banking services boosts Bank of America's online platforms.
  • Growing interest in sustainable finance aligns with Bank of America's ESG initiatives.
  • Fintech partnerships enhance Bank of America's technological capabilities and customer experience.

What critics are saying

  • Increased competition in credit facilities may pressure Bank of America's interest rates.
  • Involvement in large syndicated loans exposes Bank of America to higher credit risk.
  • Shift towards capital raising through share sales may reduce demand for traditional loans.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • It serves approximately 56 million U.S. consumer and small business relationships.
  • The bank is a leader in wealth management and financial services.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Remote Work Options

Professional Development Budget

Conference Attendance Budget

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