Cambridge Trust - A Division of Eastern Bank is hiring a Senior Client Portfolio Manager - Investments (Boston - Hybrid)
Hiring Range: $140,401 - $229,103
The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
Summary:
Manages and advises individual client portfolios across global equities and bonds based on recommendations of team of securities analysts. Commodities and liquid alternatives also used as appropriate. Contributes to research process with regard to asset allocation, portfolio construction, risk management, identifying relative value across sectors/regions and macro research.
Responsibilities:
- Communicates with an assigned set of clients to ascertain investment objectives and constraints, establish appropriate asset allocation, recommend and implement strategy, and review performance. Manages full client load with high client satisfaction and retention over multiple years.
- In accordance with the CT Asset Allocation Committee guidance, helps set customized asset allocation across equities, fixed income, and other asset classes according to policy targets and risk/return objectives for an assigned set of client portfolios.
- Develops and executes long-term strategic and tactical plans to meet client objectives.
- Works with Relationship Managers on trust, estate, and financial planning issues for assigned clients.
- Assists in new business development process by giving investment presentations to individuals and institutional prospects. Readily and easily explains and promotes investment philosophy, value proposition, and CT bond and equity strategies. Acts as an internal and external spokesperson on investment topics.
- Mentors' other portfolio managers and members of the team, as appropriate
- Contributes to research process and debate with regard to asset allocation, portfolio construction, risk management, identifying relative value across sectors/regions and macro research.
- Maintains knowledge of other asset classes and awareness of cross asset class relative value for overall portfolio construction.
- Oversees technology and communication processes related to investment portion of client experience.
- ttends various investment meetings, industry conferences, and broker/analyst/company meetings.
- May participate in peer review of individual internal security recommendations.
- May participate in periodic analysis of external managers, funds, or exchange traded funds (ETFs) to supplement portfolios.
Qualifications:
- Bachelor’s degree in business, finance or related field. Master’s degree preferred.
- CFA/CFP designation or other advanced certification preferred.
- Minimum 12 years of experience in investments in research or client portfolio management position including minimum of 8 years of client facing experience.
- Strong knowledge of global markets, economics, and portfolio construction.
- Excellent written and verbal communication skills.
- Experience with SEI portfolio management software and Salesforce are both strong plusses
- Analytical and technical skills with additional programming and data analysis skills being a plus.
- Ability to collaborate, debate, and work in a team environment.
- Ability and willingness to participate on investment, managerial, technology or administrative committees and projects, as appropriate.
- Ability to work autonomously and proactively on assigned set of clients.
- Thoughtful fiduciary and risk management perspectives.
Working Conditions/Physical Demands:
- Normal office environment.
- Moderate travel throughout Northeast, as needed.
- Occasional national travel to meet clients or attend conferences.
About Us
Skills Required
- Bachelor's degree in business or finance
- Master's degree preferred
- CFA/CFP designation or other advanced certification preferred
- Minimum 12 years of experience in investments
- Minimum 8 years of client-facing experience
- Strong knowledge of global markets and portfolio construction
- Excellent written and verbal communication skills
- Experience with SEI portfolio management software and Salesforce
- Analytical and technical skills
- Ability to work autonomously and proactively
What We Do
Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Member FDIC, Equal Housing Lender Investments are not FDIC Insured • May Lose Value • Not Bank Guaranteed • Not a Deposit • Not Insured By Any Government Agency
