Institutional Portfolio Manager III
📋 Role Overview & Responsibilities
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 Description
This job is responsible for working with complex, institutional investors to create customized investment strategies. Key responsibilities include evaluating, designing, constructing, managing, and monitoring all aspects of discretionary portfolio management including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, investment reviews, and proactive client communication. Job expectations include helping teams to drive client retention and business development, while mentoring associates.
Responsibilities
Works to understand the client's situation and circumstances to develop and recommend an investment strategy tailored to their unique goals and objectivesManages all aspects of the client's investment portfolio including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, and investment reviewsCollaborates with teammates to deliver the bank's full array of integrated solutions, such as equities, fixed income, alternative investments, and Specialty Asset Management as appropriateEngages with clients to review investment performance and anticipated market changes based on economic and industry analysisStays up-to-date on recommendations from the Chief Investment Office, current market conditions, and economic trends to anticipate and mitigate investment risksDevelops meaningful relationships with clients, while demonstrating the highest care, skill, diligence, and ethics
Key Attributes
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 preferredAdditional redentials such as CPA, CFP and or CFA designation.A graduate degree such as MBA or JD preferredThe ideal candidate will bring an appropriate mix of financial services expertise, management and business development experience
Skills
AdvisoryClient Investments ManagementCustomer and Client FocusInvestment ManagementPresentation SkillsActive ListeningAnalytical ThinkingAttention to DetailClient Experience BrandingValuation Ethics and Practice StandardsCollaborationCritical ThinkingData Quality ManagementTradingWritten Communications
Shift
1st shift (United States of America)
Hours Per Week
40
Frequently Asked Questions
How do I apply for the Institutional Portfolio Manager III position at Bank of America? ▼
Click the “Apply for this Position” button on this page to submit your application directly to Bank of America without recruitment intermediary fees.
Is this position eligible for remote work or visa sponsorship? ▼
This position is located in Frisco, TX with potential relocation and sponsorship assistance depending on candidate qualifications.
Are there any candidate fees on Hirely? ▼
No. Hirely is completely free for candidates. We never charge registration fees or placement fees.
Legitimate employers will never ask you to transfer funds, purchase equipment from unauthorized vendors, or pay application/visa fees. Hirely rigorously monitors listings, but always verify communication is from official corporate email domains.
Learn how to protect yourself against employment fraud →