Portfolio Manager II

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth and deliver for our clients, teammates, communities, and shareholders every day. Our inclusive workplace supports every teammate’s success, career growth, and contribution to shared success. We value diverse perspectives from all backgrounds and career paths, fostering resilience, leadership, and innovation.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations with flexibility based on role-specific responsibilities and business needs.

About the role

This role works with complex, high-net-worth investors to create customized investment strategies in partnership with Senior Managers. Key responsibilities include evaluating, designing, constructing, managing, and monitoring all aspects of discretionary portfolio management, such as asset allocation, portfolio construction, security/manager selection, trade execution, risk management, compliance, investment reviews, and proactive client communication. The role also supports client retention, business development, and mentoring associates.

Responsibilities

• Understand the client's situation and circumstances to develop and recommend an investment strategy tailored to their unique goals and objectives.
• Manage all aspects of the client's investment portfolio, including asset allocation, portfolio construction, security/manager selection, trade execution, risk management, compliance, and investment reviews.
• Collaborate 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.
• Engage with clients to review investment performance and anticipated market changes based on economic and industry analysis.
• Stay up-to-date on recommendations from the Chief Investment Office, current market conditions, and economic trends to anticipate and mitigate investment risks.
• Develop meaningful relationships with clients while demonstrating the highest care, skill, diligence, and ethics.

Requirements

• Minimum of 10 years of investment decision-making and financial consulting experience working with high-net-worth and ultra-high-net-worth clients.
• Experience in positions of increasing responsibility with an established and prestigious financial services firm, most likely in wealth management, private banking, and/or trust fields.
• 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, leadership, superior client service, and relationship management.

Qualifications

• Bachelor’s Degree or higher in Finance, Accounting, Economics, or related field, or equivalent financial services/business experience.
• Graduate Degree such as MBA or JD preferred.
• Appropriate credentials such as CPA, CFP, and/or CFA designation.
• High School Diploma / GED / Secondary School or equivalent (minimum education requirement).

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

Schedule

1st shift (United States of America), 40 hours per week.