What are the responsibilities and job description for the Portfolio Manager I position at Farmers National Bank?
WealthSouth, a division of Farmers National Bank
Our Story:
The WealthSouth team is committed to what we believe is most important – our clients, our local community and your success and well-being. We strive to deliver financial service at its essence: having strong relationships and understanding our customers, being accessible and responsive, and utilizing our experience and knowledge to deliver customized, effective solutions.
Our tradition is rich. WealthSouth traces its roots back to February 10, 1879. That is when Farmers National Bank of Danville, Ky., the 8th oldest established bank in the Commonwealth, began serving its customers. The bank began its Trust Division in 1909. WealthSouth, a division of Farmers National Bank, provides families and businesses with financial planning, trust, investment, commercial banking and retirement plan services to meet the needs of our clients.
Position Summary:
The primary responsibility for the PM position is to manage client portfolios in a prudent and diligent manner, following all applicable fiduciary standards, across both personal and institutional lines of business. In addition, this position will be a member of the Trust Investment Committee, responsible for an established book of business, assist in business development, and communicate the WealthSouth investment philosophy externally with clients and internally with colleagues.
Essential Functions:
1. Execute and develop investment strategies/investment policies.
2. Lead member in the Trust Investment Committee, weekly economic calls, investment strategy, direction and research.
3. Responsible for a book of business across all WS markets.
4. Provide research/analysis on client portfolios (Factset, Northern Trust, Morningstar, Fi360, etc.).
5. Work with team to develop new business by preparing investment management proposals.
6. Trade customized and modelled client portfolios in individual securities, mutual funds, and ETF’s.
7. Assists in communicating the investment philosophy/strategy to the market managers and wealth management division.
8. Research and select securities that are suitable for WealthSouth clients.
9. Serves as an internal investment consultant for the Administrative Officer.
10. Keeps current on all news relevant to fiduciary business as well as the market.
11. Reviews the buy list on a weekly basis and makes changes as needed.
12. Interpret trust or agency agreements and build portfolios to accomplish those goals.
Other Responsibilities:
1. Attends and participates in the Trust Investment Committee and Trust Officer Committee.
2. Assists the Chief Investment Officer by presenting material that is current and useful for client interaction.
3. Performs job duties in accordance with all applicable laws and regulations including BSA.
4. Produces investment material that helps the market managers relay the philosophy to their employees as well as clients.
5. Creates proposals for potential clients in all different WealthSouth locations.
6. Participates in client meetings to communicate the philosophy.
7. Performs other work-related duties as assigned.
Physical demands:
While performing the responsibilities of the job, the employee is required to speak English and hear. The employee spends 90% of the day sitting at a desk. Occasionally, the employee will stand and walk (10%) of the day. The employee may be required to lift up to 20 pounds to perform their job.
Education, Experience and skills required:
1. Five years experience in money management and/or investment decision making.
2. College degree preferred. Economics, Business, and Finance helpful.
3. Industry certification(s) preferred, MBA, CFA or CFP.
4. Strong interpersonal and communications skills.
5. Ability to understand and promote sales in the banking culture.
Monday-Friday, 8:00am-5:00pm.
Salary : $65,161 - $97,742