Client PM Portfolio Mgr

Company: Old National Bank
Location: Bloomington
Posted on: February 7, 2025

Job Description:

Client PM Portfolio Mgr



Job Locations

US-IN-Bloomington - US-IN-Indianapolis






Category/Function

Trust/Wealth Management



Position Type

Regular Full-Time



Requisition ID

2024-15428



Workplace Type

On Site



Salary Min

USD $77,900.00/Yr.



Salary Max

USD $153,000.00/Yr.






































Overview









Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.













Responsibilities









We are currently seeking a Portfolio Manager that will collaborate with other disciplines within Wealth Management to develop and retain high net worth client relationships through the delivery of an exceptional and cohesive client experience. The Portfolio Manager manages investment activities for fee revenue producing accounts. They provide investment expertise and oversight on accounts that require decision making and implementation. Portfolio Manager takes into consideration the sensitivity due to the nature of the relationship, size/type of assets managed, fiduciary requirements, comprehension of tax considerations, multi-generational structures, and coordination with outside attorneys, trustees and consultants. Salary Range The salary range for this position is $77,900 - $153,000 per year. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled. Key Accountabilities Management of investment portfolios:

• 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. Relationship management and development:
  • 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 internal 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.
    May provide leadership through interaction and mentoring of other investment associates.
  • Participate in weekly Portfolio Manager meetings.
  • Work individually or with a team on assigned projects.Develops and maintains current industry knowledge and expertise
    • 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.Key Competencies for PositionCritical Thinking and Decision Making - Maintain an in-depth knowledge of current economic and financial market conditions.Influencing Others - Maintain in-depth knowledge of the company's investment strategies and the ability to present and explain the use of appropriate strategies to clients and team members.Communicating with Impact - Special projects and presentations as assigned. Key Measures of Success/Key Deliverables:Compliance with Old National's investment Strategies and policies.Client retention.Business development and increasing share of client wallet assets. Qualifications
      • Bachelor's degree - Business, finance, economics or relevant degree.
      • Minimum 5 years of investment experience, which may include research, in which consistent long term investment performance has met objectives.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 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.
      • 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.)
      • 5+ years of investment decision making and financial consulting experience working with high-net-worth clients.Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position. Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank. Join our team!
        
        
        
        
        
        
        
        
        
        
        
        
        
        
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Keywords: Old National Bank, Bloomington , Client PM Portfolio Mgr, Accounting, Auditing , Bloomington, Indiana