10 hours
2017-12-122018-01-11

Portfolio Manager Associate - Charlotte, NC

Bank of America
Charlotte, NC
  • Job Code
    bankofamerica-17071099CharlotteNC
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Company Bank of America

Job Title Portfolio Manager Associate - Charlotte, NC

Jobid bankofamerica-17071099CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**



**Business Overview**



U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.



U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage. U.S. Trust employs more than 4,100 professionals and maintains 135 offices in 33 states.



**Job Description**



The Portfolio Manager Associate is charged with assisting a team of Portfolio Managers in providing integrated investment advice and portfolio management services to high net worth clients. A team player with excellent communication skills, computer proficiency and high level of professionalism. Must have an undergraduate degree in Finance, Accounting, Economics or equivalent.



+ Create asset allocation studies utilizing data collected in the client profiling process; verify/test assumptions and constraints; confirm findings through iterative ratification process with the PM.

+ Ensure knowledge of entire investment solution suite; recommend investment solutions to PM for client use based upon clients' needs and constraints.

+ Monitor/facilitate account set up resulting in error free account set up process; ensure timely account set up and investment of funds.

+ Re-balance portfolio due to liquidity needs, bond maturities, excess cash, buy/sell implementation, tax loss harvesting, and investment recommendation implementation - deployment of cash liquidation of positions.

+ Handle trade order entry for portfolio transactions, and administration of custody account trades and performance.

+ Reg. 9 meeting preparation, review exceptions and recommend strategy to resolve exceptions.

+ Prepare meeting materials; generate research materials - proprietary, economic commentary and Bloomberg etc. as needed for client and prospect meetings.

+ Respond to client requests when PMs are out of office.

+ Team with Portfolio Management Assistant(s) to ensure consistent support for the PM team.



**Required:**



+ **3+ years of investment experience in a client facing role**

+ 1+ year of asset allocation experience

+ A team player with excellent communication skills, computer proficiency and high level of professionalism.

+ Proficiency in MS Office applications, with advanced knowledge of Excel and PowerPoint a strong plus.

+ Strong organizational skills and initiative with systematic follow-up.

+ BA degree required, must have an undergraduate degree in Finance, Accounting, Economics or equivalent; capable and committed to pursuing CPA, CFP, CFA and or MBA.



**Desired**



+ Knowledge of the First Rate, Portview, Reg 9 and PACE

+ Bloomberg and/or Morningstar experience



**Posting Date** : 10/19/2017



**Location** :

Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,

- United States



**Travel** : No



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



Categories

  • Management

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Portfolio Manager Associate - Charlotte, NC

Bank of America
Charlotte, NC

Share this job

Portfolio Manager Associate - Charlotte, NC

Bank of America
Charlotte, NC

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