Sr Portfolio Manager
Old National Bank
- Clayton, MO
- Permanent
- Full-time
- Develops and recommends a client centric investment portfolio leveraging all of Wealth Management’s investment solutions to achieve client’s investment objectives. Reviews and analyzes investment portfolios to develop the appropriate asset allocation and select underlying investment strategies with an understanding of the client’s preferences.
- Provide ongoing oversight, recommending and implementing changes to the holdings and asset allocation to maintain compliance with strategies and policies.
- Ensure assigned portfolios are managed consistently, including maintaining the proper asset allocation, portfolio rebalancing, implementing investment changes, and raising cash.
- Analyzes and plans the overall investment strategy with continuous revision as goals and objectives change and in the context of client needs working closely and proactively with the broader client service team to identify and execute on areas of opportunity.
- Transition non-compliant portfolios to approved strategies.
- Manage account liquidity to provide for ongoing cash demands and distributions and risk management.
- Performs annual Reg 9 Investment reviews for assigned accounts and ensures full compliance with regulations. Provides guidance to Associate Portfolio Managers and Portfolio Manager through Reg 9 reviews.
- Partners with Wealth Management client team in client presentations, review of portfolio structure and investment performance reporting.
- Serves as the relationship expert in the areas of 1834 a Division of Old National investment capabilities, portfolio performance, the economy, and market environment.
- Prepares and presents detailed investment information to clients.
- Participates in business development efforts with Wealth Advisors, Trust Officers and other relationship managers.
- Collaborates with other disciplines and partners to deliver an exceptional and cohesive client experience.
- Maintains an integral and influential presence within the local client facing team, clients, co-trustees, consultants, the bank's legal area and outside attorneys to ensure communication of client requirements and coordinate portfolio activity.
- Meet with clients to review investment performance and forecast market changes based on economic and industry analysis, including objectives and asset allocation models, and ensuring current allocations are appropriate.
- Respond to client requests for information, advice, and service, including proactive client outreach and creating and building investment content for prospect and client presentations, client investment reviews, prospecting events, thought leadership articles and investment updates, and documenting account activities and client interaction.
- Work individually or with a team on assigned projects.
- Engages in thought leadership publications, educational opportunities, and practice hosted symposiums and events.
- Accountable for personal execution of initiatives, new capability rollouts, and required training.
- Consistently demonstrates expertise with new investment strategies, tools and capabilities, and portfolio research and investment methodologies.
- Provides feedback on areas for improvement to leadership on national initiatives, changes, and expectations.
- Stays current with current general economic data, equity and credit markets, specific company coverage, active and passive mutual funds/exchange traded funds and tactical asset allocations investment decisions.
- Bachelor’s degree – Business, finance, economics or relevant degree.
- Minimum 8 years of investment experience, which may include research, in which consistent long term investment performance has met objectives.
- CFA or other advanced designation such as CPA or CFP
- Graduate degree such as MBA or JD preferred
- Technical experience in investment software (IE: FIS, Charles River, Morningstar, Factset, First Rate, Salesforce and Microsoft Office.)
- 10+ years of investment decision making and financial consulting experience working with high net worth clients.
- May lead functional teams or projects with moderate resource requirements, risk, and/or complexity.
- Knowledge of investment and portfolio management theory, accounting and financial principles, associated investment strategies and instruments, and characteristics of various marketplaces, usually acquired through formal education and work experience, is required to manage portfolios.
- Decision making, sales, and negotiating skills are required to contribute to the market’s revenue generation and guide sensitive or difficult situations through to agreement.
- Requires specialized depth and/or breadth of expertise in own job discipline or field.
- Interprets internal/external business challenges and recommends best practices to improve products, processes, or services.
- Communicates difficult concepts and negotiates with others to adopt a different point of view.