Saw a great posting for a position for the large bank I work for but this posting almost seems like it is not telling the whole thing. Its in a location that is known usually for support roles which makes me question it. I thought I would post it and let WSO decide.
What do you think?
Is this a role that could blossom to a more PM related role or a dead end?
The portfolio management Group (PMG) is the implementation engine for Private Banking's discretionary investment business, providing leverage for investment advisors and other front office partners as they pursue the Firm's growth initiatives. PMG is responsible for implementing the investment strategy and portfolio construction as dictated by the Private Banking Strategy team. PMG rebalances and manages risk in accounts across our investment management and trust portfolios.
The Portfolio Manager will have the following responsibilities:
Implementation of portfolio construction based on Strategy team's calls and investment vehicle selection Maintain knowledge of the investment solutions utilized throughout Private Banking, including, mutual funds, exchange traded funds, structured notes, hedge funds, and separately managed accounts Maintain knowledge of each account's unique requirements and sensitivities Review and trade portfolios Manage orders and execute trades (equity and fixed income) across managed account business including the following:
New account initial investing
Monitoring cash and security activity in clients accounts Liquidating accounts Monitoring accounts for model drift and strategy deviation Relationship management with internal clients (client facing teams) Work with various internal partners to complete business initiatives
Qualifications
Requirements
Bachelor's degree
3+ years work experience in financial services industry
Demonstrated passion and understanding of investment solutions
Private Wealth Management experience a plus
Detail oriented
Process focused
Ability to operate in a fast-moving and demanding environment
Enjoy working with people
Strong aptitude to identify and minimize investment/business risk
