Sr. Client Portfolio Manager

$174,050 - $261,161/Yr

Washington Trust Bank - Seattle, WA

Full-time - Mid Level

Seattle, WA

Credit Intermediation and Related Activities

About the position

The Sr. Client Portfolio Manager at Washington Trust Bank plays a crucial role in the WMAS Investments Team, working closely under the supervision of the Director of Investments. This position is designed for an experienced professional who will handle all investment aspects and client inquiries for assigned accounts, which include fully managed accounts such as IMAs, IRAs, Revocable Trusts, Charitable Trusts, and Nonprofits. The individual will act as the primary point of contact for these accounts, ensuring that all interactions align with the WMAS Investments philosophy and discipline. In this role, the Sr. Client Portfolio Manager will actively assist the Client Development and Front Office teams in acquiring new clients while also focusing on expanding and retaining existing relationships. This includes participating in client meetings alongside Relationship Managers (RMs) and providing valuable information and education to support their efforts in delivering exceptional client service. The position requires the individual to monitor client accounts to ensure compliance with established investment strategies and to coordinate with analysts for any necessary changes to maintain accounts within established tolerance bands. The role also involves overseeing the creation of proposals and presentations for prospects and clients, reviewing Annual Account Investment Reviews, and communicating recommended changes to RMs. The Sr. Client Portfolio Manager will participate in team meetings and strategy discussions, assist in developing and implementing investment and risk management strategies, and mentor junior team members as appropriate. Compliance with all laws, regulations, and internal policies is paramount, as is representing Washington Trust Bank in community activities to promote the bank and client relations.

Responsibilities

• Handles all investment aspects and client investment inquiries on assigned accounts.
• Acts as primary point of contact for fully managed accounts in a style consistent with WMAS Investments philosophy and discipline.
• Actively assists Client Development and Front Office teams to acquire new clients, and to expand and retain existing relationships.
• Assists in the retention of client relationships after initial sale has been made, participating with RM in client meetings as appropriate.
• Provides information and education to RMs to assist in their efforts to provide value added client service.
• Provides recommendations and research to Client Development and Front Office teams, with any variances from WMAS Investments' style, philosophy, or portfolio construction to be approved by the Director of Investments.
• Monitors client accounts to ensure compliance with established investment strategies, style and philosophy; coordinates with analysts to initiate any changes necessary to keep accounts within established tolerance bands.
• Oversees the creation of proposals and presentations to prospects and clients as deemed necessary.
• Reviews Annual Account Investment Reviews, Excess Cash and Bond Maturities in conjunction with RMs, communicating recommended changes, logic for changes, and receives appropriate approval to execute required changes.
• Actively participates in WMAS Investments team meetings and strategy discussions.
• In conjunction with the Director of Investments, assists in the development and implementation of investment and risk management strategies; development of new fee-based products for individual, business and institutional clients.
• In coordination with Director of Investments, conducts education sessions, producing educational materials and conducting seminars.
• Works in coordination with Director of Investments to mentor Client Portfolio Managers and Associate Client Portfolio Managers where appropriate.
• Ensures all activities comply with all laws and regulations as well as internal policies and procedures.
• Actively represents Washington Trust Bank in community activities and organizations in a professional manner to promote the Bank and client relations.
• Perform compliance and risk management duties as required or assigned.

Requirements

• Bachelor's degree in finance, accounting, business, or related field.
• Chartered Financial Analyst (CFA), Certified Investment Management Analyst (CIMA), and/or Certified Financial Planner (CFP) preferred, or working toward those designations.
• 7-10 years of progressive analytical/portfolio management/client relationship experience and responsibilities.
• Extensive knowledge of various investment instruments and strategies.
• Experienced in client service, including but not limited to identifying and meeting client needs, client communications and participating in client meetings.
• Proven ability and experience with presenting information in a concise and understandable manner to executives, management, employee groups and clients.
• Excellent written and verbal communication skills; ability to analyze, synthesize and articulate complex ideas and communicate such to colleagues, team members, and clients.
• Excellent interpersonal skills; ability to collaborate with and work effectively with diverse groups of people, managing conflict, negotiating for results and developing working relationships with potential and current clients.
• Proven analytical skills; ability to review and interpret complex data (determining risk, assessing complexity of accounts, etc.).
• Proven organizational skills to meet deadlines; ability to work on multiple projects simultaneously while showing strong attention to detail with high levels of accuracy as needed to deliver a quality client experience.
• Familiar with state and federal regulations and WTB policies relating to wealth management.

Nice-to-haves

• Experience in developing new fee-based products for individual, business and institutional clients.
• Familiarity with compliance and risk management duties in a financial institution.

Benefits

• Health insurance coverage
• Retirement benefits
• Work/Life benefits
• Financial wellness programs
• Professional development opportunities
• Diversity and inclusion initiatives