Portfolio Management Senior Associate; PMSA

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!

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.

• 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

• 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 position may also have responsibilities for managing associates.

• Opportunity & Inclusion Champion:
  Creates an inclusive team where members are treated fairly and respectfully.
• Manager of Process & Data:
  Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
• Enterprise Advocate & Communicator:
  Delivers clear and concise messages that motivate, convey the "why" and connects contributions to business results.
• Risk Manager:
  Leads and encourages the identification, escalation and resolution of potential risks.
• People Manager & Coach:
  Knows and develops team members through coaching and feedback.
• Financial Steward:
  Manages expenses and…