Bank of America Corporation

Portfolio Manager III

Bank of America Corporation$90K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years in investment decision-making and financial consulting with high-net-worth clients
  • Proven track record in prestigious financial services firm, ideally in wealth management
  • Extensive knowledge of fiduciary practices and financial products
  • Deep understanding of investment, tax, legal, and operational necessities
  • Familiarity with fiduciary standards and related regulations
  • Demonstrated leadership, negotiation, and delegation skills
  • Excellent relationship management and client service abilities

Responsibilities

  • Understand client goals to create tailored investment strategies
  • Manage complete investment portfolios, including asset allocation and trade execution
  • Collaborate with teams to offer integrated financial solutions
  • Review investment performance and update clients on market trends
  • Stay informed on economic conditions and risks to anticipate investment issues
  • Build strong client relationships through diligent care and ethics

Benefits

  • Comprehensive health and wellness benefits
  • Opportunities for professional development and mentorship
  • Access to cutting-edge investment tools and resources
  • Collaborative and supportive work culture
  • Flexible work environment promoting work-life balance
Full Job Description

Job Description:
This job is responsible for working with complex, high-net-worth 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 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

Required Qualifications:

  • Minimum of 10 years of investment decision making and financial consulting experience working with high-net-worth and ultra-high net worth clients

  • Has 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 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 and leadership

  • Superior client service and relationship management skills

Desired Qualifications:

  • Bachelor’s Degree in Finance, Accounting, Economics or related field or equivalent financial services/businessexperience

  • Graduate Degree such as MBA or JD

  • Holds appropriate credentials such as CPA, CFP and/or CFA designation

  • The ideal candidate will bring an appropriate mix of financial services expertise, management and business development experience

Skills:

  • 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 Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

Similar Jobs

More Jobs at Bank of America Corporation

More Finance & Insurance Jobs

Find similar Portfolio Manager III jobs: