Let’s get started
By clicking ‘Next’, I agree to the Terms of Service
and Privacy Policy
Jobs / Job page
Senior Portfolio Manager image - Rise Careers
Job details

Senior Portfolio Manager

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:Works with complex High Net Worth Investors to create customized investment strategies. Responsible for understanding strategic investment objectives, spending policy needs and unique client/prospect goals to provide guidance and develop, implement and manage investments. Portfolio Managers (PMs) can manage customized client portfolios on a fully discretionary basis and where applicable provides advisory services and single mandate strategies.Manages individual securities (stocks, bonds, REITs, MLPs, etc.), SMAs, alternative investments, and Specialty Assets (i.e. Timber, Farm, Oil and Gas), in addition to monitoring the portfolios and rebalancing to ensure alignment of asset allocation with client's investment objectives and risk tolerances. Usually manages the firm's the most complex and sophisticated relationships.Job Description:The Portfolio Manager is the investment quarterback of the client relationship and is responsible for evaluating, designing and overseeing all aspects of the portfolio construction including manager selection.• 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.Required Qualifications:• 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 preferred as well as hold appropriate credentials such as CPA, CFP and or CFA designation.• A graduate degree such as MBA or JD preferred• The ideal candidate will bring an appropriate mix of financial services expertise, management and business development experienceSkills:• 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 CommunicationsMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentShift:1st shift (United States of America)Hours Per Week:40
Bank of America Glassdoor Company Review
4.0 Glassdoor star iconGlassdoor star iconGlassdoor star iconGlassdoor star icon Glassdoor star icon
Bank of America DE&I Review
4.2 Glassdoor star iconGlassdoor star iconGlassdoor star iconGlassdoor star icon Glassdoor star icon
CEO of Bank of America
Bank of America CEO photo
Brian T. Moynihan
Approve of CEO

Average salary estimate

Estimate provided by employer
$189000 / ANNUAL (est.)
min
max
$151K
$227K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Portfolio Manager, Bank of America

If you’re ready to take a step forward in your finance career, Bank of America in sunny Naples, FL is looking for a Senior Portfolio Manager to join our innovative team. In this pivotal role, you'll be the investment quarterback for our High Net Worth Investors, crafting personalized investment strategies that align with their unique goals and objectives. Imagine working in a dynamic environment where you're responsible for all aspects of portfolio construction, including manager selection! Your expertise will guide clients in selecting sophisticated investments such as stocks, bonds, REITs, and even alternative assets like timber and oil. You’ll also have the opportunity to mentor junior staff and support our portfolio management teams, providing insights into our business culture and investment philosophy. We believe in personal growth, which is why you can expect to collaborate with a diverse group of colleagues while also having the flexibility to thrive in your work-life balance. At Bank of America, you’ll not only grow professionally but also impact clients’ financial lives positively. Join us and let’s visualize a brighter financial future together!

Frequently Asked Questions (FAQs) for Senior Portfolio Manager Role at Bank of America
What are the responsibilities of a Senior Portfolio Manager at Bank of America?

As a Senior Portfolio Manager at Bank of America, you'll work closely with High Net Worth Investors to develop and implement tailored investment strategies. Your responsibilities will include evaluating strategic investment objectives, overseeing portfolio construction, executing trades, and maintaining investment action plans. You'll also have the opportunity to mentor junior staff while ensuring that client portfolios align with their risk tolerances and asset allocation models.

Join Rise to see the full answer
What qualifications do I need to apply for the Senior Portfolio Manager position at Bank of America?

To qualify for the Senior Portfolio Manager role at Bank of America, you'll need at least 10-15 years of investment decision-making experience, especially with ultra-high net worth clients. A strong educational background in finance, economics, or accounting is preferred, as well as relevant credentials such as CPA, CFP, or CFA. Leadership, negotiation skills, and a strong understanding of fiduciary standards are also crucial for success in this position.

Join Rise to see the full answer
How does Bank of America support the professional growth of Senior Portfolio Managers?

Bank of America is committed to fostering a culture of growth and development. As a Senior Portfolio Manager, you’ll have access to various professional training opportunities, mentorship programs, and the ability to collaborate with a diverse team. This role also allows you to take on increasing responsibilities while making a tangible difference for clients, thereby enhancing your professional journey.

Join Rise to see the full answer
What makes the Senior Portfolio Manager role at Bank of America unique?

The Senior Portfolio Manager role at Bank of America stands out due to its focus on high net worth clients and the importance placed on customized investment strategies. Additionally, the support provided in terms of resources and a collaborative work culture empowers you to thrive in managing complex portfolios while balancing your work-life integration. The role is designed for professionals who want to make a significant impact on client financial lives.

Join Rise to see the full answer
What kind of clients will I be working with as a Senior Portfolio Manager at Bank of America?

As a Senior Portfolio Manager at Bank of America, you will work primarily with High Net Worth and Ultra High Net Worth clients. These clients are often seeking sophisticated investment solutions tailored to their unique financial goals, providing you with a dynamic and challenging environment to showcase your expertise in wealth management.

Join Rise to see the full answer
Common Interview Questions for Senior Portfolio Manager
Can you walk us through your investment philosophy as a Senior Portfolio Manager?

When answering this question, focus on your approach to creating client-specific investment strategies, including your asset allocation methods and how you assess risk profiles. Highlight any successful past experiences where your philosophy led to positive outcomes for your clients.

Join Rise to see the full answer
How do you manage client relationships, especially with high net worth individuals?

Discuss your experience in building trust and rapport with clients, emphasizing your communication skills, active listening, and understanding of their unique financial objectives. Sharing an example of retaining clients through excellent service can illustrate your approach effectively.

Join Rise to see the full answer
What are some challenges you’ve faced in portfolio management and how did you overcome them?

Identify specific challenges, such as market volatility or client demands, and explain your problem-solving strategies. Showing resilience and adaptability in your answers will demonstrate your capability to handle pressure in the role of a Senior Portfolio Manager.

Join Rise to see the full answer
How do you stay updated with market trends and investment strategies?

Explain your methods for staying informed, such as subscribing to financial news outlets, attending industry seminars, and networking with other financial professionals. Highlighting ongoing education shows your commitment to continually enhancing your expertise.

Join Rise to see the full answer
What is your experience with alternative investments, and how do you integrate them into a client portfolio?

Discuss your understanding of alternative investments such as real estate, commodities, or private equity. Provide examples of how you have successfully integrated these into client portfolios to achieve diversification and meet specific investment objectives.

Join Rise to see the full answer
Describe a time you successfully rebalanced a portfolio. What was your strategy?

Use this opportunity to share a specific example where your actions led to improved portfolio performance. Detail your analysis process, decision-making criteria, and how you communicated this strategy to your clients.

Join Rise to see the full answer
How do you approach the selection of investment managers and products?

Talk about your criteria for evaluating investment managers and products, such as performance history, costs, and alignment with client goals. Sharing examples of previous selections can underscore your analytical thinking and decision-making skills.

Join Rise to see the full answer
What tools or technologies do you use for portfolio management?

Mention any specific financial software or tools you have experience with, discussing how they enhance your portfolio management efficiency. Familiarity with the latest fintech developments can also be a plus.

Join Rise to see the full answer
How do you handle conflicts of interest in your role?

Discuss your understanding of fiduciary duty and how you maintain transparency with your clients. Providing an example of how you've navigated conflicts in the past can illustrate your ethical standards and commitment to client interests.

Join Rise to see the full answer
Why do you want to work at Bank of America as a Senior Portfolio Manager?

This is your chance to express your alignment with Bank of America’s values and mission. Discuss the reputation of the bank, opportunities for innovation, and your enthusiasm for working in a diverse and inclusive environment that champions Responsible Growth.

Join Rise to see the full answer

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk ma...

518 jobs
MATCH
Calculating your matching score...
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 5, 2024

Subscribe to Rise newsletter

Risa star 🔮 Hi, I'm Risa! Your AI
Career Copilot
Want to see a list of jobs tailored to
you, just ask me below!