Explore the critical requirements, core duties, primary responsibilities, and key skills that should be included in a comprehensive Portfolio Manager job description.
What does a Portfolio Manager do?
A portfolio manager, also known as an investment manager, wealth manager, or asset manager, is responsible for creating and managing investment portfolios for clients. Their main goal is to generate a satisfactory return on investment for their clients, who can be individuals or institutional investors.
Job Description
We are looking for an experienced portfolio manager to join our team. Your responsibilities will include crafting investment packages, managing client expectations and transactions, and helping our clients achieve their investment objectives.
To be successful in this role, you must be able to work efficiently and collaboratively in a fast-paced environment. You should have experience in the financial services or investment sectors, and be able to provide portfolio recommendations to clients based on thorough financial market analyses.
Job Duties and Responsibilities
- Create an investment policy statement that outlines our clients' investment objectives.
- Construct successful investment portfolios based on market conditions and economic trends.
- Buy and sell securities in client accounts to maintain a specific investment strategy or reach an investment objective.
- Determine appropriate risk levels for clients based on factors like time frames, risk preferences, return expectations, and market conditions.
- Maintain relationships with new and existing clients, providing updates on market conditions and discussing portfolio performance and investment objectives.
- Evaluate the performance of investment portfolios and ensure compliance with regulations from organizations like investor disclosures, privacy laws, anti-money laundering requirements, and anti-fraud measures.
- Proactively seek out new clients.
- Stay up-to-date on relevant investment and trading news, as well as economic trends.
Requirements and Qualifications
- Bachelor's degree in business, economics, or finance.
- Professional certification as a Chartered Financial Analyst (CFA) or similar qualification, such as a Certified Public Accountant (CPA).
- NASAA Series 66 and/or FINRA Series 7 licenses.
- At least 3 years of experience in professional portfolio management.
- Thorough understanding of capital markets.
- Excellent analytical skills.
- Proficiency in financial management software like FactSet, Morningstar Direct, Bloomberg Terminal, and BlackRock Aladdin.
- Proficiency in Microsoft Office Suite (Word, Excel, Outlook, and Access).
- Strong written and verbal communication skills.
- Highly organized and detail-oriented.
Alternate Job Titles
- Portfolio Manager II
- Client Investment Portfolio Manager II
Portfolio Manager Salary
The earning potential of a Portfolio Manager can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Portfolio Manager in the United States is approximately $121380.
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