Associate Portfolio Manager

Summary

This position demonstrates a keen understanding of the WMC investment philosophy and process with the ability to effectively communicate the Private Client Services (PCS) capability to Wealth Management Advisors (WMAs) and their staff, as well as to high-net-worth clients and prospective clients. Works under the supervision of PCS Portfolio Managers to assist in managing PCS accounts in accordance with WMC investment philosophy. This position not only assists in management and support of PCS Portfolio Managers books of business, but also manages their own distinct book between $300 million to $1 billion.

Primary Duties & Responsibilities

• Executes required operational and global portfolio management requirements through various platforms. Proactively examines the PCS book of business to identify opportunities for trading, and implementing scale within our current processes and operations.
• Provides support and occasional coverage for Portfolio Specialists in operational tasks and responsibilities.
• Through platform systems and/or proprietary tools, updates portfolio management cash and asset allocation drift models daily, to assist the Portfolio Management team in efficiently delivering WMC's discretionary investment capability for Wealth Management Advisors and their clients.
• Assists in growing the business by creating and analyzing investment proposals for prospective PCS clients, based on information gathered by advisors and/or their staff.
• Conducts case consultations with advisors, along with participating in prospective client calls to illustrate Private Client Services capabilities with the goal of building long term relationships with both advisors and clients.
• Provides guidance to the field and answers questions on discretionary investment capabilities, approved investment strategies, program recommendations and proposal procedures for clients of the Wealth Management Company, both in general and case-specific terms.
• Retains and strengthens relationships with current PCS clients by leading portfolio review calls with WMA's and their clients. Educates on the markets, WMC investment and allocation perspectives, and attributes and performance of clients' portfolios.
• Monitors client investment policy allocation and cash balances, executes trades according to client investment objectives, and assists in monitoring trading activity.
• Facilitates PCS global allocation trades across the entire book of business of over $14 billion.
• Prepares client portfolio review materials in advance of client meetings from portfolio software and performs initial and annual compliance reviews on client accounts in order to comply with regulatory guidelines.
• Participates in and may lead process improvement, or system enhancement initiatives and may act as liaison with marketing, client service, compliance, trading, institutional account administration, operations, and performance departments.
• Other responsibilities and independent projects may be assigned as needed.
• Exhibits teamwork and the ability to work well with others by demonstrating effective communication skills and welcoming feedback.

Qualifications

• Bachelor's degree in Finance or other related industry is preferred.
• 3-5 years of experience in the investment/fiduciary management industry.
• Background in understanding, interpreting and articulating investments, financial markets, asset allocation and broad economy metrics.
• Ability to establish and maintain relationships while providing quality customer service and support.
• Must be able to articulate in both written and verbal form.
• Demonstrates analytical and quantitative skills.
• Technical expertise in standard applications including but not limited to Envestnet, NetX 360, Bloomberg, and Excel.
• Demonstrates ability to identify and resolve critical issues through effective problem-solving skills.
• Ability to develop written and verbal communication skills in order to deliver informative, well-organized documentation and presentations and ability to effectively communicate in difficult and sensitive situations.
• Non-Registered Fingerprinted FINRA
• Not required, but progress towards CFA, CFP, CAIA or MBA (or other related designation) is desirable.

This position has been classified as an Associated Person under NMIS guidelines and requires fingerprinting and completion of required form.

Required Certifications:

Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please click here for additional information relating to location-based pay structures.

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click here for information pertaining to compensation and benefits.

We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups