Bank of America Portfolio Management Assistant - Dallas, TX in Dallas, Texas

Job Description:

Business Overview

U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage. U.S. Trust employs more than 4,100 professionals and maintains 135 offices in 33 states.

Job Description

Responsible for providing administrative and analytical support to portfolio managers, including completing required paperwork, updating databases, maintaining records, conducting limited research projects, and providing administrative coordination with trading, operations, and client service areas.

  • Prepare client investment recommendation letters, performance, and presentations (booklets and electronic media).

  • Provide support for completing activities such as investment action plans, new account reviews, and other proactive account Reg. 9 reviews.

  • May be asked to monitor portfolios for bond maturities; respond to corporate action election requests; assist in implementation of investment solutions when appropriate.

  • Research client inquiries; document account activities and client interactions.

  • Maintain department industry research and report information.

  • Answer phone calls and emails for PMs in their absence.

  • Interact with GWIM partners and support groups to resolve client and operational issues.

  • Perform various office related tasks, such as distributing reports; operate and maintain copiers and fax machines; photocopying materials; mailing correspondence; manual and electronic filing of client documentation; preparing documents for imaging; ordering supplies.

  • Complete ad hoc projects for team.

  • Use CRW (client relationship workstation) to transition accounts to the PCS (Portfolio Construction system).

  • Use PRS ( Portfolio Reporting System) to create performance reports for portfolio managers.

  • Use AAM system (Asset Allocation Monitoring) to help reallocate portfolios to the stated investment object.

  • The ability to understand and create investment policy statements using the IPS tool.

  • The ability to proactively review the DMS(Daily Monitoring System) dashboard to ensure that all Non Followed and Non Monitored assets have been resolved.

  • Review investment exceptions using the Reg 9 system and submit for approval.

  • Review and research investment recommendations using FACTSET.

  • Document all client contacts using Portview and CRW Notes

  • Prepare Client Proposal Reports and submit trades using Portview


  • Excellent written and communication skills

  • Proficient in Microsoft Word, Excel, Power Point, Outlook

  • Strong Organizational Skills / Attention to Detail

  • Strong Follow Up Skills

  • Ability to problem solve and spot issues proactively

  • Ability to work independently, but also a "team player"

  • Ability to multi-task in a fast paced environment


  • Portview

  • Client Relationship Workstation

  • Strong written and verbal communication skills


  • Financial industry knowledge and experience

Posting Date : 06/13/2018

Location :


  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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