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61398717 Wealth Management - Portfolio Manager II - Morristown, NJ

Job Information

ID :
#37003476
# of Positions :
1
Minimum Education Level :
Bachelor's Degree
Experience Required :
5+ years
Duration :
Full Time Regular
Shift :
Unspecified
Hours per week:
40

Job Description

 

POSITION SUMMARY
Under general direction, this position's responsibilities include all aspects of portfolio management as relates to assigned Assets Under Management (AUM) together with the cross selling of Bank & BTC products and services. The primary focus will be the direct portfolio management of investment accounts from wealthy families and high net worth individuals, as well as the generation of incremental fee revenue through additional cross-selling & services from these relationships. Takes on a stewardship role in regards to customization and management of client investments based on client's objectives. To retain all assigned client base, the incumbent must maintain a tight relationship to every client in partnership with other team members. Keeps them abreast of changes in their situation, and alert them of recommended changes in investment strategy, tax and other developments, etc. Participates in broad wealth management issues and succession. Refers clients to or works in conjunction with a team providing tax planning, and trust/estate administration services.

The incumbent reports directly to the Investment Management Officer and to the President & Chief Wealth Management Officer on a matrix reporting capacity.

MAJOR JOB RESPONSIBILITIES
Performs portfolio management responsibilities including:
Solicits existing portfolio customers in an effort to increase and retain AUM and cross sell Bank& BTC products and services. Initiates and participates in new business development presentations to prospective clients. Attends networking functions and business community meetings to expand social network and spread BTC reputation.
Manages individual equity, fixed income and alternative investment and asset allocation accounts for high net worth client accounts.
Helps set and record asset allocation and total return objectives based on management's investment philosophy and each client's objectives. Be responsible and accountable for diversification & asset allocation for each client.
Builds a high level of client confidence in BTC's capabilities and in his/her knowledge of investment management. Articulates investment strategies. Keeps informed of material changes in client circumstances. Stays abreast of various legal and tax consequences of investment strategies.
Interacts with client base on a close basis in order to generate client's confidence that the comprehensive management strategies are tailored to their needs and meet/exceed their expectations.
Communicates regularly with client's external advisors in the legal, tax and accounting professions and build referral relationships with them.
Contributes actively in investment meetings.
Maintains accurate records in accordance with Bank & BTC regulatory policies (including Sales Force and Reg. 9).
SUPERVISORY RESPONSIBILITIES
None
SKILLS AND TRAINING
Strong ability to analyze equity and fixed income securities and be able to initiate portfolio recommendations.
Possess broad knowledge of various asset classes as well as allocation strategies & investments in equity and fixed income markets.
Prior experience in business development and proven success in client relationships.
Strong platform experience in making professional presentations.
Excellent customer service delivered in a timely professional manner.
Proficient with software programs (Microsoft Word, Excel & Outlook), financial analysis programs and discounted cash flow models.
Possess high degree of honesty and integrity. Demonstrated commitment to the highest ethical standards when dealing with clients and the public.
Excellent communication, interpersonal and organizational skills needed to deal with a mix of personalities and egos.
EDUCATION
Bachelor's degree in Management, Finance or Business Administration. MBA in Finance preferred.
WORK EXPERIENCE
5 or more years related within financial industry with client portfolio management and client facing responsibility for managing discretionary and non-discretionary investment accounts for high net worth individuals & families.
LICENSES AND/OR CERTIFICATES
Series 65- within 90 days
CFA/CFP preferred

WORKING CONDITIONS
Work is performed in a normal office environment. Noise levels are usually moderate. Includes travel less than 10%.
HAZARDS
The hazards are mainly those present in a normal office setting and those present in travel. Occasionally may be exposed to those conditions present in public forums and meeting places.

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Equal Opportunity Employer of Minorities, Females, Protected Veterans, Individuals with Disabilities and LGBT.

Company Information

Name :
Description :
The Provident Bank
Type :
Direct Employer
Address :
830 Bergen Avenue
Jersey City, NJ 07306

Application Information

Online :
Job Posting Entered On :
11/15/2021
Job Posting Expires On :
2/13/2022