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Wealth Portfolio Manager II

at Camden National Bank in Portland, Maine, United States

Job Description

The Wealth Portfolio Manager II is responsible for investment due diligence, analytical and tactical research supporting the goals and objectives of CNWM portfolios and strategies. This position is also responsible for chairing investment team committees as determined by the CIO, communicating investment decisions regarding tactical selections, and maintaining oversight and responsibility of the approved investment options, and managing client portfolios in accordance with their investment objectives.

 

Essential Duties and Responsibilities: 

  • Senior level investment research and analysis

  • Serve in Portfolio Manager capacity with all relevant responsibilities for individual and institutional clients, managing daily implementation of investment process for clients in accordance with their investment objectives

  • Ensure portfolios are within acceptable target asset allocation ranges per investment policy

  • Complete all Reg 9 investment reviews by system due date and document follow-up steps related to rejected reviews quarterly (at a minimum)

  • Conduct independent due diligence regarding markets, sectors and individual investment vehicles across all asset and sub-asset classes

  • Screen resources and tools to improve investment team capacity and scalability

  • Meet with third party vendors for market insights and technical data

  • Lead and/or actively participate in weekly investment team meetings as determined by CIO

  • Participate in meetings with current and prospective clients, CNB employees, external COIs and Board Members, as well as professional and community events; maintaining a positive, engaged profile to enhance the visibility of CNWM and CNB

  • In partnership with client/wealth advisors/trust officers, responsible for overall wealth management client experience

  • Support team by providing coverage for other team members during absences

  • Serve as a leader in the business unit’s and Company’s commitment to achieving our vision, embodying CNB’s core values of Honesty & Integrity, Trust, Service, Responsibility and Excellence

 

Basic Qualifications

  • Bachelor’s degree

  • 15 – 20 years investment management experience and/or training in the financial services industry and/or equivalent combination of education and experience

  • Strong knowledge and prior experience of investment trading systems, Microsoft Excel and research databases

  • Solid understanding of CNWM compliance and regulatory commitments

 

Preferred Qualifications: 

  • Chartered Financial Analyst (CFA) designation or other applicable credentials

 

Skills and Abilities: 

  • Ability to read, analyze, and interpret detailed financial reports, legal documents, and related correspondence

  • Ability to respond professionally to common inquiries from customers, regulatory agencies, and/or members of the business community

  • Ability to effectively present information to top management, clients, public groups, and/or boards of directors

  • Strong proficiency in mathematical skills as it relates to investment analysis, portfolio construction/maintenance, risk and performance measurement

  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists

  • Ability to interpret a variety of instructions in written, oral, diagram, or schedule form

  • Ability to work successfully in a team environment and independently

  • Strong attention to detail is imperative to maintain the highest level of accuracy

  • Availability to travel as needed

 

Career Path and Job Family: 

  • Wealth Portfolio Manager I

 

The statements contained herein reflect general details as necessary to describe the principle functions for this job, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements.  Individuals may perform other duties as assigned, including work in other functional areas to cover absences or to equalize peak work periods to balance workloads.

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Job Posting: 671102

Posted On: Jan 19, 2022

Updated On: Feb 14, 2022