Wealth Management Manager II - Investments

Trustco Bank • Albany, NY • 12h ago

EEO Statement: We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.

Job Title: Wealth Management Manager II - Investments

Reports to: Wealth Management Assistant Vice President - Investments

FLSA Status: Exempt

Salary Grade Range: EX04 ($55,000.00 - $70,000.00 annually)

Supervisory Responsibility: No

SUMMARY:

The Wealth Management Manager is responsible for researching, reviewing, and processing all activities related to Wealth Management clients serving as investment advisor on assigned accounts and developing new business. Examines events and conditions that impact client's accounts and addresses an actionable item.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned by the supervisor and/or Trustco Bank's Board of Directors.

Executes purchases and sales to raise capital, invest any excess cash and rebalances accounts as necessary.

Researches and analyzes global events, overall market trends, and daily economic press releases. Including the examination of earning reports for all stocks on the Bank's recommended list and perform research for relevant information pertaining to those companies.

Compares performance of the Bank's recommended securities relative to their benchmarks to determine if the securities are still benefitting the Bank's portfolios.

Ensures compliance with regulations and Bank policies and procedures as they pertain to financial services activities.

Adjusts and rebalances client portfolios in order to determine if and when it is prudent to reallocate securities within a portfolio.

Prepares daily, weekly and monthly reports relative to performance of investments.

Complete annual account reviews insuring adherence to restrictions and goals of the accountant as well as evaluate the accounts performance.

REQUIRED EDUCATION/EXPERIENCE:

A bachelor's degree in accounting, finance, or equivalent level of education and experience.

Effective verbal and written communication skills.

Well organized with the ability to manage multiple tasks and work to time sensitive deadlines.

Ability to work well independently and in groups.

Working knowledge with Microsoft Office Programs; Excel and Word.

PREFERRED EDUCATION/EXPERIENCE:

Master's degree in business related field.

POSITION TYPE/EXPECTED HOURS:

This is a full-time position. Office hours Monday - Friday 8:30am - 5:00pm. Evening and weekend work may be required as job duties demand.

TRAVEL:

Travel using personal vehicle, occasional overnight travel. Valid driver's license required.

LANGUAGE SKILLS:

Must be able to speak, read, write, and understand the primary language(s) used in the workplace ; bilingual skills a plus. Ability to read, analyze, and interpret general business information, including but not limited to company policies and procedures. Ability to effectively present information and respond to questions from groups of managers and customers.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This is largely sedentary role, requiring use of typical office equipment such as a computer, laptop and phone.

Ability to communicate both in person and/or by telephone.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

For the most part, ambient room temperatures, lighting and traditional equipment as found in a typical office / retail environment.

OTHER DUTIES:

Please note this job description is not designed to cover or contain a comprehensive listing of all activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

EQUAL EMPLOYMENT OPPORTUNITY STATEMENT:

Trustco Bank is an equal opportunity employer. It is the policy of Trustco Bank to afford equal employment opportunities to all qualified persons without regard to race, color, religion, sex, national origin, age, marital status, genetic information, disability or protected veteran status.

This includes, but is not limited to, the following:

Hiring, placement, upgrading, transfer, demotion or promotion

Recruitment, advertising or solicitation for employment

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