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PWM P/C Portfolio Manager

U.S. Bancorp

U.S. Bancorp

Milwaukee, WI, USA
Posted on Wednesday, June 5, 2024

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Responsible for managing a team of portfolio managers which invests assets for high-net worth and ultra-high-net worth individuals, trusts, endowments and foundations in a manner consistent with the established investment objectives and strategies of the company and/or the client. Individual will be responsible for driving growth within the market through dynamic leadership, ensuring accountability for investment and regulatory compliance amongst portfolio managers, and will inspire both fellow employees and clients with exceptional communication skills. This position will also have the responsibility for direct oversight of a limited number of client relationships. In particular, the managing director will focus their team on the expansion of existing client relationships, minimization of client attrition, and the development of new client relationships. Portfolio Managers are key participants in securing new client business, with senior level Portfolio Managers often managing the most complex and largest relationships. Counsel clients within the market on complex traditional and alternative investments and implement investment strategy through customized trading activity.

Essential Responsibilities:

Manage a team of portfolio managers responsible for investment management of individual and/or trust account assets to maximize investment return commensurate with an acceptable level of risk. Drive business growth by having their team acquire new clients, expand existing client relationships or minimize client attrition. Be responsible for employee development, advocacy, problem solving, and hiring within the Wisconsin PWM market. Assist in the development and implementation of short and/or long-term investment policies and strategies based on management investment philosophy and customer investment objectives. Keep informed of developments in investment markets, using fundamental and/or technical research to arrive at sound and timely investment decisions, and be comfortable to presenting to clients and prospects in group settings. Support the market with new business development, relationship management, marketing and prudent investment decision making. Assist senior portfolio managers with major accounts, and have the ability to manage a relatively small individual book of business. Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participate in any required corporate and business line training in these areas. Follow account opening procedures and understand and follow internal suspicious activity referral requirements and processes, as required for this position. Actively work with customers to understand each customer's normal account activity, as appropriate for this position.

Accountabilities:

Responsible for the management of the PWM investment personnel in the state of Wisconsin. Drive growth for the market by working to assess and develop our investment personnel, partner with other market discipline leaders, and manage the business unit in alignment with regional and national business goals and practices. Assist with the management of the larger and potentially more complex and important investment accounts. Develop, recommend, and direct the execution of investment programs designed to achieve the objectives of a group of client accounts by all of this individual’s direct reports. Will be responsible for talent identification, hiring and development, and will serve as an investment leader within the Midwest region with other fellow investment managing directors.

Basic Qualifications:

1. 12+ years of investment management experience.

2. BA/MBA in finance, accounting, or other investment related field.

3. CFP® or CFA designation, or progress toward preferred.

4. Excellent verbal and written communication skills.

5. Well-developed analytical, decision-making and problem-solving skills.

6. History or desire to lead and grow a team of investment professionals as the primary focus of this role.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $159,630.00 - $187,800.00 - $206,580.00Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.