The Trust Portfolio Senior Manager manages the investment portfolios of complex investment management agency and trust accounts. Performs all primary client contact and support for activities in agency accounts to whom they are assigned. Collaborates with other members of the investment team to review investment research and conduct due diligence of securities utilized in portfolio construction. Keeps informed of economic and financial conditions affecting markets subject to investment. Actively involved in new business efforts by leading or attending prospect meetings. Seeks speaking opportunities and represents the Bank in civic and community events.
What you will do:
Responsible for delivering investment advisory services to investment management agency and trust accounts.
Performs all primary client contact and support for activities in agency accounts and collaborates on trust accounts to whom they are assigned, including moderate travel to meet with clients in person, as necessary.
Set Investment Policy Statements for client portfolios, monitors and manages portfolio to ensure asset allocations meet investment objectives and comply with document terms; documents concentrated holdings, including establishing and implementing plan to bring within policy guidelines, implementing trades for rebalancing as necessary.
Collaborates with other members of the investment team to review investment research and conduct due diligence of mutual funds, stocks, bonds and ETF's utilized in portfolio construction.
Responsible for all investment aspects of Reg. 9, including pre-acceptance reviews, annual investment reviews and account oversight. Serves as a member of the Trust Investment Committee, specifically to discuss investment-related issues and Reg. 9 investments reviews with committee members.
Actively involved in new business efforts by overseeing, leading or attending prospect meetings. In rotation with other team members, drafts weekly market commentary for distribution to clients, prospects and centers of influence.
Maintains extensive and regular contact with internal business partners, co-trustees, attorneys and accountants and provides advice and guidance with respect to investment policies and procedures.
Seeks speaking opportunities and represents the Bank in civic and community events. Cultivates relationships with attorneys, CPAs and other centers of influence to enhance the reputation of the Bank and expand new business opportunities.
Travel required: 0-10%.
Who you are:
4 Year / Bachelor's Degree preferred. Additional experience may be considered in lieu of degree.
Minimum of 7 years of investment experience is required, in which consistent, long-term investment performance has met objectives.
7 years related Wealth Management experience required.
Individual should have an in-depth understanding of investment management theory and ethics as well a comprehensive understanding of tax issues and trust and fiduciary laws; consistently apply existing risk management procedures and follow compliance directives; display solid judgment in managing financial contribution of assigned relationships with periodic oversight.
Possess excellent human relations, communications and business writing skills.
Possess effective time management and organizational skills.
Able to cope with pressure resulting from meeting required deadlines and reporting requirements.
Demonstrate teamwork in facilitating workflow. High level of cooperation with others and responsive to the Bank’s needs.
Exemplary motivation, enthusiasm, and professionalism. High level of accuracy and great attention to detail. Strong analytical and problem solving skills. Able to make and support sound decisions.
Consistently demonstrate tact, discretion and good judgment. Exhibit high degree of professionalism and confidentiality in handling and having access to sensitive customer or employee information.
Demonstrate excellent customer service skills. Able to comprehend and interpret Bank policies and procedures.
CFA, CFP, CIMA and/or MBA is preferred.
ADA Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 10 pounds.
Specific vision abilities required by this job include close vision.
The noise level in the work environment is usually moderate.
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Pay Range: $165,000.00 - $220,000.00 annually
AIP Bonus: Up to 20%
Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:
Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.
Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.
Please view Equal Employment Opportunity Posters provided by OFCCP here.
To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit
California Privacy Policy for Prospective Employees | Mechanics Bank
[1] The benefits listed in this job posting reflect the Bank’s most reasonable and genuinely expected benefits offered for this position.
Skills Required
- Bachelor's degree (4 year)
- Minimum of 7 years of investment experience
- 7 years related wealth management experience
- In-depth understanding of investment management theory and ethics
- Comprehensive understanding of tax issues and trust and fiduciary laws
- Knowledge of Reg. 9 investment requirements, pre-acceptance and annual investment reviews
- Excellent interpersonal, communication and business writing skills
- Effective time management and organizational skills
- Ability to work under pressure and meet deadlines
- Demonstrated teamwork and cooperation with internal partners
- High accuracy, attention to detail, strong analytical and problem solving skills
- Tact, discretion, professionalism, and ability to handle confidential information
- Demonstrated excellent customer service skills
- CFA, CFP, CIMA and/or MBA
What We Do
HomeStreet Bank is one of the largest community banks in the Northwest, California and Hawaii. Since we began in 1921, we've stayed focused on what we believe is most important: building long-term relationships with our customers and providing ongoing support to our communities. We offer a full range of financial services including commercial banking, commercial lending, consumer banking, mortgage lending, residential construction financing, commercial real estate financing and insurance services. Our primary area of community focus is housing and homes. HomeStreet also supports organizations where our employees have an integral involvement. HomeStreet is an Equal Housing Lender and makes mortgage loans without regard to race, color, religion, national origin, sex, handicap, or familial status. Member FDIC.
