What are the responsibilities and job description for the Head of Private Wealth & Trust Investments, Investment Management position at MassMutual?
The Opportunity
The Head of Private Wealth & Trust Investments for The MassMutual Private Wealth & Trust Company is responsible for the leadership and oversight of investment related operations within the MassMutual Private Wealth & Trust Company, including defining and implementing the investment philosophy and strategy; as well as promoting and explaining the value proposition of an investment fiduciary within MassMutual Private Wealth & Trust. This role requires a unique combination of deep investment and analytical skills with strong relationship management competencies.
The position reports to the Head of Investments, MMFA Wealth Management / Chief Investment Officer, MassMutual Private Wealth & Trust.
The Team
Our team is a dynamic, energetic, and problem-solving powerhouse that continues to grow, evolve, learn, adapt and solve problems. We come from a diverse set of backgrounds and thought processes, and welcome debate, innovation, better ways of thinking and help evolving our team towards accomplishing our mission. We are incentivized to solve investment problems, and connect to the purpose to using investment tools to thoughtfully and helpfully accomplish the goals and objectives of our clients.
The Impact :
The responsibilities of the Head of Private Wealth & Trust Investments include, but are not limited to :
- Manage, lead and develop a team of 3-5 investment professionals
- Conduct in-depth product due diligence analysis for all investment products and outside managers that we currently work with or might add to the investment platform
- Ensure investment processes are in-line with MassMutual Private Wealth & Trust Compliance, Fiduciary, and Legal requirements
- Document investment processes and client portfolio account suitability, including annual Reg 9 reviews, subject to regulatory requirements set forth by the Office of the Comptroller of the Currency (OCC)
- Prepare and assemble investment performance reports and attribution analysis etc., for submission and presentation to MM Private Wealth & Trust’s Investment Committee
- Translate and communicate complex investment topics and financial market issues into simple language and nomenclature that can easily be absorbed by clients and financial advisors
- Prepare on-going monitoring and review of investments distributed through MM Private Wealth & Trust Company. Communicate issues and risks that may affect the viability of the product, the relationship, or MM Private Wealth & Trust Company clients
- Contribute to the development and on-going assessment of the investment product strategy and the product development process.
- Identify and drive changes in the investment strategies in order to improve profits / performance.
- Participate in creating proposals and presentations to our more sophisticated, high net-worth clients, prospects, attorneys and registered representatives. Travel may be required.
- Contribute as the Subject Matter Expert in the development of new investment programs offered by the MM Private Wealth & Trust Company. Such assistance may include assisting in the design the program, drafting policies & procedures, implementing the program, and educating the field force and internal staff on attributes of program.
- Lend investment knowledge to a team of Private Client Managers (Trust Officers) and wholesalers specific to the development and ongoing changes to IPS.
Minimum Requirements
The Ideal Qualifications
What to Expect as Part of MassMutual and the Team
Salary Range :
163,900.00-$215,000.00
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
MassMutual is an Equal Employment Opportunity employer Minority / Female / Sexual Orientation / Gender Identity / Individual with Disability / Protected Veteran. We welcome all persons to apply. Note : Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.
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Salary : $163,900 - $215,000
