girl looking into her desktop
Back to search results

Portfolio Manager II

Buffalo, New York

Job Description:

Summary of Position:

Works with 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. 

Core Competencies:

  • Deep understanding of high net worth clients' needs and investment solutions
  • Effectively manages risks and adherence to policy
  • Strong business judgment and decision making
  • Communicates in a clear and compelling manner
  • Listens effectively to demonstrate understanding, and communicates with clarity and conviction to influence thinking
  • Excels in team environment, within the Private Bank & across the enterprise

Major Responsibilities:

  • Understands the client's situation and circumstances
  • Maintains a book of client portfolios which includes developing the investment strategy, implementing the plan, on-going monitoring and keeping the client informed
  • Creates the Investment Policy Statement leveraging a broad array of asset classes
  • Possesses technical investment knowledge to select investments
  • Delivers our full array of integrated solutions, such as equities, fixed income, alternative investments and Specialty Asset Management (SAM) as appropriate
  • Understand how to prudently utilize mutual funds, ETFs, SMAs and individual securities to build portfolios
  • Ensures that Reg 9s, AAMs, TPRs, DMS requirements are solved in advance of deadlines
  • Collaborates with teammates to deliver our full array of integrated solutions and deliver on the Private Bank's value proposition
  • Works with teammates to deliver our full array of integrated solutions
  • Helps the team achieve a meaningful interaction with every client, every quarter and includes but not limited to, regular investment reviews
  • Collaborates with team members to consistently deliver on the Private Bank's value proposition and help our clients achieve their financial goals
  • Mentors and coaches colleagues to help them with their job performance and career advancement
  • Explains the capital markets, investment strategies and performance analytics to clients and adapts investment strategies to changing market conditions and evolving client needs
  • Meets all training, risk and compliance requirements and policies

Qualifications

  • 5+ years of experience in investment management for a variety of types of HNW investors, foundations, endowments and defined benefit pension plans
  • Experience developing institutional investment policy statements that reflect the application of asset allocation strategies, stochastic analysis and financial modeling tools (e.g., asset/liability modeling, spending policy analysis)
  • Focus on COI development, visibility in the market, both internally & externally
  • Focused on growth and retention of existing relationships
  • Recognized industry certifications/designations and/or MBA preferred (i.e., CFA, CIMA, CFP, CAIA or equivalent job experience)

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

2500

Job Description:

Summary of Position:

Works with 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. 

Core Competencies:

  • Deep understanding of high net worth clients' needs and investment solutions
  • Effectively manages risks and adherence to policy
  • Strong business judgment and decision making
  • Communicates in a clear and compelling manner
  • Listens effectively to demonstrate understanding, and communicates with clarity and conviction to influence thinking
  • Excels in team environment, within the Private Bank & across the enterprise

Major Responsibilities:

  • Understands the client's situation and circumstances
  • Maintains a book of client portfolios which includes developing the investment strategy, implementing the plan, on-going monitoring and keeping the client informed
  • Creates the Investment Policy Statement leveraging a broad array of asset classes
  • Possesses technical investment knowledge to select investments
  • Delivers our full array of integrated solutions, such as equities, fixed income, alternative investments and Specialty Asset Management (SAM) as appropriate
  • Understand how to prudently utilize mutual funds, ETFs, SMAs and individual securities to build portfolios
  • Ensures that Reg 9s, AAMs, TPRs, DMS requirements are solved in advance of deadlines
  • Collaborates with teammates to deliver our full array of integrated solutions and deliver on the Private Bank's value proposition
  • Works with teammates to deliver our full array of integrated solutions
  • Helps the team achieve a meaningful interaction with every client, every quarter and includes but not limited to, regular investment reviews
  • Collaborates with team members to consistently deliver on the Private Bank's value proposition and help our clients achieve their financial goals
  • Mentors and coaches colleagues to help them with their job performance and career advancement
  • Explains the capital markets, investment strategies and performance analytics to clients and adapts investment strategies to changing market conditions and evolving client needs
  • Meets all training, risk and compliance requirements and policies

Qualifications

  • 5+ years of experience in investment management for a variety of types of HNW investors, foundations, endowments and defined benefit pension plans
  • Experience developing institutional investment policy statements that reflect the application of asset allocation strategies, stochastic analysis and financial modeling tools (e.g., asset/liability modeling, spending policy analysis)
  • Focus on COI development, visibility in the market, both internally & externally
  • Focused on growth and retention of existing relationships
  • Recognized industry certifications/designations and/or MBA preferred (i.e., CFA, CIMA, CFP, CAIA or equivalent job experience)

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22042973

Band: H5

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Christine Balzano

Referral Bonus:

2500

Street Address

Primary Location:
10 FOUNTAIN PLZ, NY, Buffalo, 14202