Portfolio Manager

Job Description:

At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients teammates communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace attracting and developing exceptional talent supporting our teammates physical emotional and financial wellness recognizing and rewarding performance and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!

Job Description:

The Direct Indexing Portfolio Manager within GWIM CIO Portfolio Management will be part of a team managing CIO direct indexing portfolios. The PM will be responsible for rebalancing trading and monitoring portfolios as well as working with advisors/clients on the strategy transition plans and managing the stages of transition associated with portfolios positions and guidelines. The PM will also participate in future infrastructure development of CIO direct indexing strategies. The ideal candidate will have proven quantitative skills be detail-oriented and familiar with factor-based equity risk models and tax aware mean-variance optimization.

Responsibilities:

• Manages recommends and directs executions of investment programs designed to achieve the objectives of a group of client accounts within established investment policy guidelines.
• Rebalances trades and monitors portfolios ensuring alignment with portfolio guidelines constraints and objectives.
• Partners with advisors and clients on portfolio strategy transition planning and the phased management of portfolio positions and guidelines.
• Supports the ongoing design and development of infrastructure for CIO direct indexing strategies and capabilities.

Required Qualifications:

• 6-8 years of quantitative portfolio management and trading experience using equity risk models and mean-variance optimization.
• Knowledge of modern portfolio theory equity risk models and mean-variance optimization.
• Ability to perform quantitative analysis of large amount of data using Excel Tableau R Python or C.
• Broad-based knowledge of investments tax and operations necessary to service clients.

Desired Qualifications:

• Knowledge of API programing using R or Python.
• Graduate degree in a STEM field or Finance/Economics.
• Experiences managing direct indexing portfolios.

Minimum Education Requirement: Bachelors degree or equivalent work experience

Internal employees who are currently working from home are still eligible to apply. However if selected for the role you may be required to work onsite in accordance with the workplace excellence policy.

Shift:

Hours Per Week:

Pay Transparency details