Position may be based in Radnor, PA., Wilmington, DE. or Syracuse, NY
Overview:Provides portfolio management (trading) services across a large number of more complex accounts (estimated at 300 Investment Policy’s and over 1 Billion in AUM) to transition portfolios toward Wilmington Trust’s best thinking. Works with Investment Advisor to understand objectives, constraints, and tax budget of portfolio and proactively communicates with Investment Advisor, making them aware of trades when they occur, by making critical decisions on how to marry Wilmington Trust’s best thinking with the client’s unique needs
Primary Responsibilities:Manage Desktop Managed Equity (DME) accounts by coordinating with Investment Advisor on appropriate tax budget, targeting specific Wilmington Trust Equity strategy, and implementing trades in a timely manner throughout the year in accordance with transition plan. Collaborate with Investment Advisor on decision making process, marrying firm’s best thinking with client needs.
Portfolio Manager can also manage entire portfolio to make trades to move towards appropriate target multi asset class strategy set by the Investment Advisor and client.
Proactively manage the client’s accounts by placing trades and monitor tracking error in portfolios in accordance with transition plan.
Track trades and provide timely communication with Investment Advisors.
May work with more complex relationships that have multiple constraints, restrictions, or considerations needed given trust language or existing positions.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
Promote an environment that supports belonging and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Complete other related duties as assigned.
Primarily on unit
Education and Experience Required:Bachelors' degree and three years related work experience, or in lieu of degree, 7 years’ relevant professional work experience, with a minimum of 3 years’ investment experience.
Comprehensive understanding in discipline.
In depth knowledge of trading procedures, investment platform, and implementing firms best thinking.
Evaluates situations using multiple sources of information.
Inputs to decisions within own discipline.
Exchange complex information.
CFA, progress toward CFA, or CIMA preferred. Bachelor's degree and a minimum of 4 years’ investment experience, or in lieu of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 4 years’ investment experience.
Comprehensive investment and industry knowledge.
Proficient personal computer skills with solid knowledge of Microsoft Office.
Skills Required
- Bachelor's degree and three years related work experience, or in lieu of degree, seven years relevant professional experience with minimum three years investment experience.
- In-depth knowledge of trading procedures, investment platform, and implementing firm's investment strategies/best thinking.
- Ability to manage Desktop Managed Equity (DME) accounts and implement transition plans, placing trades and monitoring tracking error.
- Ability to evaluate complex situations using multiple information sources and communicate complex information to advisors.
- Understand and adhere to company risk, regulatory standards, policies, and internal controls; escalate risk issues appropriately.
- CFA, progress toward CFA, or CIMA.
- Bachelor's degree with minimum of four years' investment experience (alternative: combined education/work totalling nine years including four years investment experience).
- Proficient PC skills with solid knowledge of Microsoft Office.
M&T Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&T Bank and has not been reviewed or approved by M&T Bank.
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Retirement Support — Retirement benefits are positioned as a strong pillar, including a 401(k) match and the possibility of an additional employer contribution, plus access to an employee stock purchase plan.
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Leave & Time Off Breadth — Time-off offerings are framed as competitive, with a flexible PTO approach and paid volunteer time called out as a meaningful add-on to standard leave.
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Wellbeing & Lifestyle Benefits — Wellbeing support appears comparatively robust, highlighted by mental-health therapy/coaching sessions and broader wellness programming alongside community-oriented perks.
M&T Bank Insights
What We Do
M&T Bank is a multi-state community-focused bank serving New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, D.C. Founded in 1856, the company provides banking, investment, insurance and mortgage financial services to more than 3.6 million consumer, business and government clients.
