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Bank of America Portfolio Management Senior Associate in United States

Portfolio Management Senior Associate

Waltham;Westport, Connecticut; Chicago, Illinois

Job Description:

Summary of Position :

The Portfolio Management Senior Associate (PMSA) is a specialist role that has primary responsibility for assisting the Portfolio Managers 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.

Responsibilities :

  • In addition to the ability to deliver generalist support, part of the Client Team actively supporting Portfolio Managers to meet clients’ trust needs and expectations

  • Support Portfolio Manager 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

  • Proactivity 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’ 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

Job Band:

H6

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Summary of Position :

The Portfolio Management Senior Associate (PMSA) is a specialist role that has primary responsibility for assisting the Portfolio Managers 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.

Responsibilities :

  • In addition to the ability to deliver generalist support, part of the Client Team actively supporting Portfolio Managers to meet clients’ trust needs and expectations

  • Support Portfolio Manager 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

  • Proactivity 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’ 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

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22041239

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Teresa Perry

Referral Bonus:

0

Connecticut pay and benefits information

Connecticut pay range:

$ 25.00 - $ 37.50

hourly pay, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible . We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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 and affirmative action, 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.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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