What are the responsibilities and job description for the Wealth Portfolio Manager II position at Camden National Bank?
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If you’re looking to build your career at a forward-thinking organization with deep community roots and a vision for growth, success, and giving back, you’ve come to the right place.
Get to know us:
- We’re your local community bank—and have been since 1875—that is committed to providing excellent customer service and giving back to our communities.
- We foster a collaborative, inclusive work environment as part of a close-knit team where your voice is valued and heard.
- Our highly engaged employees are rewarded for their performance and have ample opportunities for cross-training and advancement within the organization.
- We’ve been named one of the best places to work in Maine, and offer robust benefits focused on your holistic well-being.
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Position Summary:
The Wealth Portfolio Manager II is responsible for investment due diligence, analytical and tactical research supporting the goals and objectives of CNWM portfolios and strategies. This position is also responsible for chairing investment team committees as determined by the CIO, communicating investment decisions regarding tactical selections, and maintaining oversight and responsibility of the approved investment options, and managing client portfolios in accordance with their investment objectives.
Essential Duties and Responsibilities:
- Senior level investment research and analysis
- Serve in Portfolio Manager capacity with all relevant responsibilities for individual and institutional clients, managing daily implementation of investment process for clients in accordance with their investment objectives
- Ensure portfolios are within acceptable target asset allocation ranges per investment policy
- Complete all Reg 9 investment reviews by system due date and document follow-up steps related to rejected reviews quarterly (at a minimum)
- Conduct independent due diligence regarding markets, sectors and individual investment vehicles across all asset and sub-asset classes
- Screen resources and tools to improve investment team capacity and scalability
- Meet with third party vendors for market insights and technical data
- Lead and/or actively participate in weekly investment team meetings as determined by CIO
- Participate in meetings with current and prospective clients, CNB employees, external COIs and Board Members, as well as professional and community events; maintaining a positive, engaged profile to enhance the visibility of CNWM and CNB
- In partnership with client/wealth advisors/trust officers, responsible for overall wealth management client experience
- Support team by providing coverage for other team members during absences
- Serve as a leader in the business unit’s and Company’s commitment to achieving our vision, embodying CNB’s core values of Honesty & Integrity, Trust, Service, Responsibility and Excellence
Basic Qualifications:
- Bachelor’s degree
- 15 – 20 years investment management experience and/or training in the financial services industry and/or equivalent combination of education and experience
- Strong knowledge and prior experience of investment trading systems, Microsoft Excel and research databases
- Solid understanding of CNWM compliance and regulatory commitments
Preferred Qualifications:
- Chartered Financial Analyst (CFA) designation or other applicable credentials
Skills and Abilities:
- Ability to read, analyze, and interpret detailed financial reports, legal documents, and related correspondence
- Ability to respond professionally to common inquiries from customers, regulatory agencies, and/or members of the business community
- Ability to effectively present information to top management, clients, public groups, and/or boards of directors
- Strong proficiency in mathematical skills as it relates to investment analysis, portfolio construction/maintenance, risk and performance measurement
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
- Ability to interpret a variety of instructions in written, oral, diagram, or schedule form
- Ability to work successfully in a team environment and independently
- Strong attention to detail is imperative to maintain the highest level of accuracy
- Availability to travel as needed
Career Path and Job Family:
- Wealth Portfolio Manager I
The statements contained herein reflect general details as necessary to describe the principle functions for this job, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or to equalize peak work periods to balance workloads.
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Our comprehensive total rewards package offers something for everyone!
- Robust medical, dental, and vision insurance packages
- Generous time off, including paid federal holidays and paid day off for your birthday
- 401(k) retirement savings plan
- Tuition reimbursement, professional development, and career growth opportunities
- Employee assistance program
- Comprehensive wellness program
Pursue a career at Camden National Bank and apply today. We can't wait to hear from you!
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We are guided and inspired by our Core Values:
- Honest and Integrity above all else
- Trust built on fairness
- Service that creates remarkable experiences
- Responsibility to use our resources for the greater good
- Excellence through hard work and lifelong learning
- Diversity realized through inclusion and respect
Equal Opportunity Employer
Employment with Camden National is on an at-will basis, meaning employment is not guaranteed for any specific period of time, and any employment relationship established may be terminated by either party at any time, for any reason, with or without notice. Completion of an employment application is not a contract, express or implied, guaranteeing employment. Camden National Bank is an Equal Opportunity Employer and does not discriminate on the grounds of race, color, religion, sex, sexual orientation, including gender identity and gender expression, national origin, citizenship status, age, disability, genetic information or veteran status.
Learn more about why employees love working at Camden National Bank!
