Investment Management Officer - Wealth Management
Start a career with First National Bank Alaska, the *Best Place to Work in Alaska* as recognized nine years in a row by Alaska Business magazine readers.
Salary: $101,710/annual minimum. Salary offer would be commensurate with experience.
GENERAL PURPOSE SUMMARY
Initiates, develops, directs and maintains investment management business relationships and oversees the administration, management and servicing of investment management accounts by performing the following essential duties and responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Regularly executes all the activities set forth in the bank’s Business Development Program, including scheduling proactive meetings with customers, prospective customers and Centers of Influence (COIs), tracking and reporting calls and pipeline details, participating in bank-sponsored events designed to strengthen customer relationships and networks, and engaging in relevant community organizations and events.
- Acquires, expands and retains customer relationships by identifying banking opportunities, strategizing proactive business development activities, cultivating referral networks, and focusing on viable target markets.
- Represents the Wealth Management Section in the community and maintains business relationships with customers, attorneys, and beneficiaries relating to the management of investment accounts; analyzes the needs of existing and potential customers considering account profitability and other related factors to market the appropriate bank products/services; manages account investments and composition for optimal performance.
- Administers, manages, and services investment management accounts, and ensures compliance with enabling documents, department policies and procedures, applicable regulations, statutes and legal precedents.
- Directs and coordinates the compilation of information required for investment management, making recommendations to the Wealth Management Trust Committee. Ensures all outstanding items are completed and files are up to date for audit purposes.
- Performs the function of Portfolio Manager with investment tools approved by the Wealth Management Trust Committee, calculating the maturity, duration, and performance of portfolios, comparing to established benchmarks, and presenting reports of portfolio performance upon request.
- Ensures investment portfolios are managed according to Investment Policy Statements or to bank discretionary allocations.
- Conducts investment reviews and client meetings based on Wealth Management Trust Committee annual review schedule.
- Prepares investment and business development presentations, and writes proposals for presentation to management, bank customers, potential clients, or governmental entities.
- Performs other work-related duties as assigned by supervisor.
QUALIFICATION REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION and/or EXPERIENCE:
Minimum: Bachelor’s degree in business, economics, accounting or finance plus six years advanced investment management experience; or equivalent combination of education/training and experience; client relationship management experience.
Preferred: Marketing experience. Professional investment certifications. Supervisory/lead experience. Experience managing involved processes.
SKILLS and ABILITIES:
Familiarity with legal terminology and working knowledge of sound fiduciary principles required; word processing and spreadsheet software experience required. Presentation software skills preferred.
LANGUAGE SKILLS:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures or governmental regulations. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups, management, clients, attorneys, and accountants.
MATHEMATICAL SKILLS:
Ability to work with mathematical principles such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
REASONING SKILLS:
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several variables.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk and hear. The employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is occasionally required to stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 50 pounds.
Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
WORKING CONDITIONS
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
The noise level in the work environment is usually moderate.
Travel to local and out-of-town locations by automobile, airplane or boat may be required. Occasionally overnight travel is required.
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