What are the responsibilities and job description for the VP, Portfolio Manager position at Enterprise Bank & Trust?
Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction company that employs local people, our goal is to help businesses succeed and our communities thrive.
With offices in Arizona, California, Florida, Kansas, Missouri, New Mexico, Nevada and Texas, we’re strong, growing and committed to supporting the communities we serve. We extend this commitment to the community to our associates, offering annual paid volunteer time off and charitable-matching opportunities. Voted a Best Bank to Work For by American Banker for multiple years, we offer our associates an array of benefits and the opportunity to chart their own career path with us. Join us in the pursuit of our mission to guide people to a lifetime of financial success, and enjoy a career filled with professional growth opportunities, interesting colleagues and the satisfaction of supporting our communities.
Together, there’s no stopping you!
Job Title
VP, Portfolio Manager
Job Description
Essential Duties and Responsibilities:
Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources at hr@enterprisebank.com.
Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live. We are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability. All employment offers are contingent upon the applicant successfully completing both drug and background check screenings. If you would like more information about your EEO rights as an applicant under the law, please download the Equal Employment Opportunity is the Law poster HERE.
With offices in Arizona, California, Florida, Kansas, Missouri, New Mexico, Nevada and Texas, we’re strong, growing and committed to supporting the communities we serve. We extend this commitment to the community to our associates, offering annual paid volunteer time off and charitable-matching opportunities. Voted a Best Bank to Work For by American Banker for multiple years, we offer our associates an array of benefits and the opportunity to chart their own career path with us. Join us in the pursuit of our mission to guide people to a lifetime of financial success, and enjoy a career filled with professional growth opportunities, interesting colleagues and the satisfaction of supporting our communities.
Together, there’s no stopping you!
Job Title
VP, Portfolio Manager
Job Description
Essential Duties and Responsibilities:
- Allocates 80% of time performing research managing portfolios for key client relationships including high fee revenue clients, referral partners, and institutional clients with investment committees and clients that require extra research.
- Serve as primary/lead investment contact for investment planning and investment advisory issues, in each case coordinating delivery of these services with the client’s Wealth Advisor, Private Banker, Trust Officer and Administrator. Such issues will typically include investment risk tolerance assessment, asset allocation analysis, investment reviews and asset protection strategies.
- Assist the relationship team in providing an exceptional level of client service and responsiveness based on the needs and expectations of the client, including regular (at least annually) meetings and other communications as needed or appropriate. Provide expert investment management service and advice to the client in conjunction with the client’s Wealth Advisor, Private Banker, Trust Officer and Administrator.
- Assist Wealth Advisors and Private Bankers in closing new client prospects for investment management & wealth planning services.
- Advise clients and prospective clients regarding market conditions, investment trends, and investment alternatives including a direct understanding of and ability to explain a variety of investment vehicles and options.
- Ensure proper regulatory compliance in processes and procedures for the team.
- Ensure a high level of ethics, integrity and professionalism in all client, prospect, public, and internal interactions so as to promote the Bank’s reputation and to ensure compliance with Bank policies and applicable laws and regulations.
- Works with Investment Team members to create analytical tools and improve operational efficiency related to research and performance reporting.
- Assist with annual regulatory Exams and Audits.
- Maintain knowledge of trust policies.
- Performs other duties as required.
- A minimum of 5-7 years of experience as Portfolio Manager for individual or institutional investors is required.
- Comprehensive understanding of asset allocation, investment trading, security research, investment selection, risk management and economic research.
- Ability to independently calculate important investment related metrics.
- Ability to independently research and analyze macroeconomic and investment related concepts.
- Proven experience creating investment illustrations and delivering in analytics to clients, prospects, and colleagues.
- Ability to independently research a variety of investment related topics and communicate with Portfolio Management team.
- In depth experience with investment management procedures and practices. Including designing and developing investment policy statements, investment trading, investment tax planning and tax loss harvesting for both traditional and alternative asset classes.
- Financial planning and portfolio management software experience as well as the ability to independently learn specialized software.
- Must have the ability to independently calculate a variety of macroeconomic and investment related statistics in excel.
- Must be self-motivated and have the ability to handle multiple clients and multiple business partners at one time. Effective time management and organizational skills are essential.
- Sound business discretion, good judgement, and excellent problem solving skills.
- Strong working knowledge of regulations, compliance standards, and market trends.
- None
- 7-10 years’ experience in the investment and economic fields, with an emphasis in investment research.
- Bachelor’s degree in Finance, Economics, Business or related field.
- Intermediate to advanced skills in operation of personal computer, including use of Microsoft Word, Excel, Access and PowerPoint.
- Skilled in operation of research tools, including Factset and Morningstar
- Skilled in operation of Fidelity Wealthscape and eMoney
- Experience using trade order management systems, such as Tamarac
- Knowledge of VBA or Python is a plus
- Salesforce
- Progress towards CFA designation.
Enterprise Bank & Trust is committed to helping individuals with disabilities participate in the workforce and ensuring equal opportunity to apply and compete for jobs. If you need an accommodation in order to apply for a position at Enterprise Bank & Trust please contact Human Resources at hr@enterprisebank.com.
Enterprise Bank & Trust is committed to managing our business and community relationships in ways that positively impact our associates, clients, and the diverse communities where we work and live. We are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity or protected veteran status and will not be discriminated against on the basis of disability. All employment offers are contingent upon the applicant successfully completing both drug and background check screenings. If you would like more information about your EEO rights as an applicant under the law, please download the Equal Employment Opportunity is the Law poster HERE.
