The Senior Client Portfolio Manager/ OCIO Nonprofit Specialist is primarily responsible for multi-asset class client portfolio strategy and oversight, regular servicing and communication, and sales participation with the Bank’s largest and most sophisticated nonprofit discretionary OCIO clients and prospects. Review of portfolio structure, strategy and performance with staff, boards, and committees in the context of developments in markets and the global economy represents a critical, core funct...
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
The Senior Client Portfolio Manager/OCIO Nonprofit Specialist is primarily responsible for multi-asset class client portfolio strategy and oversight, regular servicing and communication, and sales participation with the Bank’s largest and most sophisticated nonprofit discretionary OCIO clients and prospects. Review of portfolio structure, strategy and performance with staff, boards, and committees in the context of developments in markets and the global economy represents a critical, core function of the role. Additionally, deep subject matter expertise in nonprofit organizational structure, issues, and challenges is essential. Development of nonprofit thought leadership and presenting as an institutional nonprofit investment subject matter expert at conferences are also expected responsibilities of this role. Travel should be expected and will be based primarily upon client and business development needs and opportunities nationally.
Qualifications
-Minimum 10-15 years working with multi-asset class investments for institutions.
-Minimum 10-15 years of experience working with nonprofit organizations including endowments, foundations, and healthcare organizations.
-Extensive experience presenting to nonprofit investment committees and boards.
-Prior experience participating in institutional investment sales and business development efforts in the nonprofit segment.
-Superior oral and written communication and presentation skills.
-Demonstrated past experience with initiating new ideas, promoting best practices, and leading improvement projects to completion in the nonprofit segment.
-MBA and/or CFA strongly preferred.
Responsibilities
-Portfolio strategy and ongoing monitoring of multi-asset class portfolios for nonprofit clients consistent with PFM Asset Management’s (PFMAM) best investment ideas and practices, and/or consistent with custom client investment policy statements.
-Communication and in-person meetings with nonprofit clients on portfolio performance and strategy, and market/economic developments and outlook.
-Effective communication and representation of PFMAM’s market views and outlook to clients, prospects, and key internal partners.
-Support nonprofit clients with investment policy development, establishing spending policies, and governance structure.
-Support sales efforts and business development strategy to grow PFMAM’s nonprofit investment business.
- FINRA series 7 and 63 licensed or complete 7, 63 testing within 120 days of start date
Hybrid/flexible schedule:
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $129,455.00 - $152,300.00 - $167,530.00
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
