Portfolio Management Senior Associate
📋 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 Summary
The Portfolio Management Senior Associate (PMSA) is a specialist role that has primary responsibility for assisting the Portfolio Manager(s) in providing integrated investment advice and portfolio management services. PMSAs are investment product experts who act as an additional point of contact for clients and/or as a backup for client-facing Portfolio Managers.
The PMSA will coordinate the internal delivery of investment services through the appropriate channels within the CIO groups. Additionally, PMSAs will seek out new business opportunities from existing books of business and assist other service associates as needed.
Job Description
In addition to the ability to deliver generalist support and as part of the Client Team, actively support Portfolio Managers to meet clients’ investment needs and expectationsSupport Portfolio Managers with portfolio composition analysis and in achieving asset allocation monitoring, investment policy statement quality and completenessResponsible for:Client Presentations (i.e. Asset Allocation and Performance Reporting)Investment Policy Statement Create, Update & AffirmTradingAccount Re-balancingDaily Monitoring (Non-Policy / BAC / Client-Directed Sale, etc.)Compliance clean-upsReg. 9Asset Allocation Monitoring, Portfolio Analysis and Stochastic ModelingIdea GenerationMarket & Platform ResearchAdministrative dues as requiredEnsuring management of concentration documentationAssist in developing and/or delivering solution specific investment proposalsProactively identify deepening opportunities while performing existing responsibilities and engaging in meaningful interactionsLeverage experience and deep expertise to manage and/or execute client investment transactionsParticipate in Client Management Process (CMP) activities including supporting delivering a branded client experience and meaningful interactionsCoordinate with Client Teams and partner to deliver an integrated service to the client and identify and resolve issues in an effective and timely mannerEnsure adherence to all internal policies and compliance to legal and regulatory requirements
Qualifications
Minimum of 4-5 years of experience with a financial institution focusing on high net worth client service and salesAbility to successfully complete assessment of critical skillsBS/BA degree in Business, Finance, Economics or Law desiredAbility to obtain and maintain SAFE Act registration
Skills
Critical ThinkingCustomer and Client FocusPrioritizationProblem SolvingRisk ManagementAttention to DetailBusiness AcumenCollaborationDecision MakingWritten CommunicationsActive ListeningAnalytical ThinkingOrganizational EffectivenessResult Orientation
Shift
1st shift (United States of America)
Hours Per Week
40
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This position is located in Clayton, MO with potential relocation and sponsorship assistance depending on candidate qualifications.
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