Manager, Portfolio Management

About This Job

The main purpose of this job is to manage a team of Portfolio Managers, Portfolio Management Associates and Investment Assistants. This position will be responsible for the team attaining financial objectives, effective coaching/leadership of members, and compliance. In addition, the team leader will be charged with the management of assigned Commerce Trust Company (CTC) client portfolios which are considered key relationships, including establishment of investment objective, asset allocation, selection of specific securities, investment performance reporting, and client service. (Key relationships include clients with larger than average portfolios, more sophisticated than average clients and/or sensitive client relationships.). Participates in new business development opportunities for CTC. The team lead will participate in strategy and /or policy-making committees.

Essential Functions

• Lead the investment management activities of a team/region within the Commerce footprint

• Work with senior trust management to develop strategy for the achievement of financial goals and client retention

• Ensure all regulation and compliance activities meet company expectations

• Determine the appropriate investment objective of assigned CTC client investment portfolios, work with the client and administrative officer as appropriate. Determine the appropriate asset allocation mix, and implements the asset mix with approved securities, both equity and fixed income.

• Meet with assigned CTC clients on a regular basis, providing portfolio and investment reporting and make investment recommendations as appropriate. Provide information to clients regarding general market and economic conditions, consistent with the CTC investment and economic market outlook.

• Participate proactively in the CTC Trust Investment Committee process, providing complete and timely information about assigned client portfolios. Actively participate in ensuring compliance with all relevant policies and procedures.

• Keep informed on a timely basis of investment industry developments, disseminating information as appropriate. Participate in local Society of Financial Analysts program as appropriate.

• Lead, mentor and motivate team members to implement the department strategy and manage department workflow with guidance on departmental projects/issues, and provide coaching and development opportunities appropriate to each direct report's individual needs

• Perform all necessary management functions, including hiring, evaluations, annual increase allocations and disciplinary action as required

• Communicate decisions, priorities and relevant information to team members effectively

• Support budget management, planning and expenditure

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Strong knowledge of portfolio management, including knowledge of best practices

• Solid understanding of various types of accounts and investment management thereof

• Strong sales, presentation and negotiation skills

• Ability to maintain a valid driver’s license and meet Commerce Bank’s driving record criteria; ongoing employment may be contingent upon meeting all driving requirements

• Strong critical thinking skills with the ability to apply discretion and sound judgement to efficiently and effectively solve problems

• Ability to drive results and balance management of organizational risk and meeting goals of the business

• Strong leadership skills with ability to motivate team members and foster a positive team environment that gives way to collaboration and unified goals

• Outstanding interpersonal and relationship building skills with the ability to effectively communicate with all levels of the company, clearly expressing ideas and concepts both verbally and in writing

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Intermediate level proficiency with Microsoft Word, Excel, Teams and Outlook

Education & Experience

• Bachelor’s degree or equivalent combination of education and experience required. Master’s degree preferred.

• 7+ years trust, bank or investment management experience required

• 3+ years leadership/supervisory experience required

• Chartered Financial Analyst (CFA) and/or Certified Financial Planner (CFP) designation preferred