Director of Portfolio Management

Company: Usb (Union Savings Bank)
Location: New Milford
Posted on: April 26, 2025

Job Description:

Director of Portfolio Management

You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.

Job Category: Invest and Ins. Serv.

Requisition Number: DIREC001960

New Milford, CT 06776, USA


Job Details

The Director of Portfolio Management will play an active role in the investment process, keeping abreast of the current market environment and providing recommendations for investment strategies and client portfolios. Cultivating trusting relationships with existing and prospective clients and assisting in the Departments new business development efforts in conjunction with other members of the Wealth and USB team. The position carries a Corporate Title of Vice President.

Primary Duties

Be a key member of the Wealth Management team by contributing to the strategic direction and future growth of the Department. Contribute to the development and implementation of the Department's investment philosophy, strategies, policies and procedures. Provide insight on asset allocation and equity portfolio strategy.
Monitor and analyze the current market environment and contribute to the economic outlook for the Department and its clients. Keep abreast of developments and events that may influence investments. Evaluate and determine how they may impact the Bank's investment function.
Play an active role in helping to build a scalable investment platform to support the Departments future growth. Develop model portfolios which may be offered at the account level and/or serve as a guide in developing specific portfolio recommendations. Manage an unrestricted composite portfolio of both equities and fixed income to be measured against relevant benchmarks.
Utilize investment analytical services and information in evaluating characteristics and performance of stocks, bonds, mutual funds and other investment vehicles. Act as the department expert relative to all investment systems including investment performance tracking, modeling, research, and the Bloomberg & Thompson System.
Evaluate the quality of investment vendor services. Analyze service offerings, costs/benefits, and contract provisions. Recommend appropriate action to senior management.
Work independently on projects that support the investment process at the direction of the CIO.

Portfolio Management

Manage a portfolio of client relationships acting as a fiduciary, placing client interests and outcomes first. Provide advice and guidance on markets and actionable investment ideas.
Develop investment recommendations and exercise prudent investment practices and unbiased judgment in managing client portfolios. Comply with the terms of governing instruments, risk tolerance, and investment goals of the client, as well as fiduciary principles, regulatory requirements and Bank policies.
Work closely with clients to deliver optimal investment performance results. Continuously monitor performance of individual investments and client portfolios.

Client Presentations & Proposals

Cultivate trusting relationships with existing and prospective clients. Prepare presentation materials utilizing both print and electronic media. Actively participate in client presentations, either solely or in conjunction with department officers.
Prepare investment proposals for prospective clients and in response to institutional RFPs.
Work closely with the wealth marketing team providing market and investment information in order to promote the Department strategic brand. Participate in speaking opportunities through educational webinars and events. Provide investment content for print media and various marketing channels.

New Business Development

Establish and grow investment relationships with clients. Assist in the Departments new business development efforts in conjunction with other members of the wealth and USB team.
Through participation in community and industry-related activities, identify and cultivate referral sources, both inside and external to the Bank.
Actively pursue or refer leads to person(s) most likely to close the business.

Human Resources

Team Development: motivate personnel and promote workplace enthusiasm; provide opportunities for professional growth through education/training; provide the tools/skills (cross train) necessary for employee growth at USB.
Perform the following HR processes: performance/incentive/introductory period reviews, career development, training, disciplinary/corrective actions.

Qualifications

Education

Required

Bachelors or better.

Preferred

Masters or better.

Experience

Required

10-15 years:

Investment experience including securities analysis and portfolio management

Preferred

7-10 years:

Knowledge of tax regulations & implications on account types

Licenses & Certifications

Preferred

Chart. Financial Analyst

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

We are an EOE. We value diversity.

Apply now: https://recruiting.ultipro.com/UNI1073USB/JobBoard/bf49de4f-0373-d9e2-6ac9-fd2c978feef5/OpportunityDetail?opportunityId=85a97bc2-9e29-4d79-a351-9880624859c9

Keywords: Usb (Union Savings Bank), Portland , Director of Portfolio Management, Executive , New Milford, Maine