The Portfolio Management Group (PMG) is the implementation engine for the Private Bank’s discretionary investment business, providing leverage for investment advisors and front office partners as they pursue the Firm’s growth initiatives. PMG is responsible for implementing the investment strategy and portfolio construction decisions set by the Private Banking Strategy/CIO teams, including portfolio rebalancing and ongoing risk management across investment management and trust portfolios.
This Vice President role sits within a centralized trade coordination function with two core responsibilities: (1) own the end-to-end lifecycle for approved trade ideas—from pre-trade analysis and trade planning through execution coordination and post-trade review—ensuring adherence to risk controls, fair allocation, and best execution standards; and (2) partner to drive initiatives that improve implementation efficiency, scale, and client outcomes across the managed platform.
Key Responsibilities
- Perform detailed pre-trade analysis to size trades and assess platform capacity, liquidity considerations, and client/account impact.
- Create, communicate, and syndicate a trade plan that accounts for sequencing, liquidity, and adherence to allocation policy.
- Present trades and key nuances (constraints, risks, customization considerations) to the broader Global Portfolio Management team for awareness and coordination.
- Maintain daily communication throughout the trade lifecycle with internal and external partners, escalating changes, risks, and issues as needed.
- Conduct post-trade review (allocation validation, exception management, and execution-quality inputs) and document key learnings.
- Drive initiatives to enhance investment offerings and implementation, including improved overlay management, lower costs, operating efficiencies, and deepen managed platform.
Required Qualifications, Skills and Capabilities
- Bachelor’s degree in finance or a related discipline.
- 7–12 years of experience in financial services; wealth management/private banking experience preferred.
- Strong understanding of investment solutions and demonstrated interest in portfolio management and markets.
- Demonstrated track record of building relationships and partnering effectively with stakeholders at multiple levels (investment, trading, operations, and client-facing teams).
- Prior experience operating within a risk and controls framework; strong attention to detail and sound judgment in execution.
- Strong communication skills (written and verbal) with ability to synthesize trade considerations for broad audiences.
- CFA designation or progress toward CFA preferred (not required).
- Experience working with large datasets (analysis, automation, workflow efficiency).