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Assistant Portfolio Manager/Credit Analyst- Fixed Income

Wealth and Asset Management, Finance and Accounting

Tarrytown, New York

Req. Number: 224549

Full/Part Time: F

Shift: 1st Shift

Description

Clarfeld|Citizens Private Wealth headquartered in Westchester, New York, with 13 regional offices across the country, is a leading wealth management firm. For more than three decades Clarfeld’s team of CFAs, CPAs, attorneys and CFP®s provide full investment and wealth management services; comprehensive income tax and estate tax planning, structuring, compliance and governmental representation capabilities; and highly personalized concierge family office services. Clarfeld offers innovative solutions crafted for the sophisticated needs of high-net-worth individuals, families and foundations and has cultivated long-lasting client relationships through multiple market cycles. Clarfeld presently manages and advises on over $17 Billion in assets; offering a wide scope of services, expertise and research, while intimately focusing on each client’s unique circumstances.

The Portfolio Management Group (PMG) is responsible for the day-to-day management of Citizens Private Bank and Institutional client portfolios.  A Centralized Portfolio Manager provides portfolio management services for high net worth and institutional client accounts within the Private Bank.  This is a middle office position, responsible for assisting a team of portfolio managers in the management of the day/day strategies, objectives, risk/return and liquidity needs for clients under management.  The role will include interfacing with internal and external customers and groups to help facilitate the management, support and expansion of the fixed income product lineup.   

Additionally, the role will consist of in-depth credit analysis work.  This job component will involve conducting detailed research and analysis of market data, trends and other factors related to the financing and overall fiscal health of state and local governments and corporate issuers.  Preparation of credit reports and recommendations will be fundamental in the decision-making process during the portfolio construction and ongoing maintenance of client portfolios.  The corresponding research will be disseminated and used by Portfolio and Relationship Managers as support for fielding questions regarding market exposures within a broader investment context.    

  • Assist with the oversight and management of wealth, trust and institutional accounts
  • Responsible for interfacing with Advisors, Investment Managers and Private Client Associates to ensure seamless client onboarding and ongoing support of client inquiries
  • Monitor accounts according to the client’s investment policy statement, ensuring compliance with client’s stated mandate
  • Work directly with the Fixed Income Portfolio Management team to invest client portfolios according to the Investment Policy Statement, and to meet client risk/return objective
  • Review and resolve exception reporting related to asset allocation, non-approved assets, and performance exceptions
  • Collaborating with advisors and specialized team members to resolve daily client needs
  • Assist in the creation and updating of resources to advisors for the sales process, development of pitch books, performance books, and other client and prospect needs
  • Conduct written summaries of market environments, trends, operating history and repayment capacity for long positions or potential buy candidates
  • Make recommendations that will help mitigate credit risks or identify undervalued market segments
  • Interact directly with Portfolio and Relationship Managers and to answer questions related to financial reporting requirements, interpreting financial statements and maintaining credit files

Qualifications

  • Experience working with high-net worth individuals a plus
  • Excellent organizational and interpersonal skills
  • Excellent client service and communication
  • Bachelor’s Degree preferred
  • Excellent verbal and written communication skills
  • 3-5 years minimum experience in Banking and/or Investments, with preferred work experience in credit/financial analysis
  • Position requires basic internet search skills, developed knowledge of financial statement analysis, effective verbal and written communications skills, ability to manage multiple priorities at once

Benefits

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.

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Awards We've Received

2022

Human Rights Campaign Best Places to Work for LGBTQ Equality

2021

Dave Thomas Foundation Best Adoption-friendly Workplace

2021

DiversityInc
Noteworthy Company for Diversity

2021

Military Friendly Employer

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