Portfolio Management Senior Associate (PMSA), Private Banking
Clayton, Missouri
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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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Portfolio Management Senior Associate (PMSA), Private Bank, Clayton, MO -
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 expectations
Support Portfolio Managers with portfolio composition analysis and in achieving asset allocation monitoring, investment policy statement quality and completeness
Responsible for:
Client Presentations (i.e. Asset Allocation and Performance Reporting)
Investment Policy Statement Create, Update & Affirm
Trading
Account Re-balancing
Daily Monitoring (Non-Policy / BAC / Client-Directed Sale, etc.)
Compliance clean-ups
Reg. 9
Asset Allocation Monitoring, Portfolio Analysis and Stochastic Modeling
Idea Generation
Market & Platform Research
Administrative dues as required
Ensuring management of concentration documentation
Assist in developing and/or delivering solution specific investment proposals
Proactively identify deepening opportunities while performing existing responsibilities and engaging in meaningful interactions
Leverage experience and deep expertise to manage and/or execute client investment transactions
Participate in Client Management Process (CMP) activities including supporting delivering a branded client experience and meaningful interactions
Coordinate with Client Teams and partner to deliver an integrated service to the client and identify and resolve issues in an effective and timely manner
Ensure 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 sales
Ability to successfully complete assessment of critical skills
BS/BA degree in Business, Finance, Economics or Law desired
Ability to obtain and maintain SAFE Act registration
This job is responsible for assisting the Portfolio Management team in providing integrated investment advice and portfolio management services. Key responsibilities include coordinating the internal delivery of investment services through the appropriate channels, seeking out new business opportunities from existing books of business, and assisting other service associates as needed. Job expectations include serving as an additional point of contact for clients and/or as a backup for client-facing Portfolio Managers.
Responsibilities :
Supports aspects of the client portfolio including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, and investment reviews
Assists with engaging clients to review investment performance and anticipated market changes based on economic and industry analysis
Performs market analysis, gathers insights, and recommends strategies to support client's investment goals
Supports Portfolio Managers with conducting portfolio composition analysis, asset allocation monitoring, and ensuring investment policy statement quality and completeness
Manages and/or executes client investment transactions, while leveraging expertise in portfolio management
Coordinates with client teams and partners to deliver an integrated service to the client, while identifying and resolving issues in an effective and timely manner.
Skills:
Critical Thinking
Customer and Client Focus
Prioritization
Problem Solving
Risk Management
Attention to Detail
Business Acumen
Collaboration
Decision Making
Written Communications
Active Listening
Analytical Thinking
Networking
Organizational Effectiveness
Result Orientation
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
For internal employees: participation in a work from home posture does not make you eligible to post.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
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