Investment Officer
Job Posting for Investment Officer at Field & Main Bank
Investment Officer
DEPARTMENT: Trust Department
REPORTS TO: President, Trust & Investment Services
SUPERVISES: none
FLSA: Exempt STATUS: Full Time
EEO Classification: 1.2 First / Mid-Level Officials and Managers
JOB GRADE: 8-12
HOURS: Regular full-time 40 hours
SUMMARY: The Sr. Investment Officer will manage high net worth clients typically one million and higher and the largest relationships and is responsible for overseeing the department’s investment strategies. These include the more complex, higher risk portfolios that may include committees with strategies led by a board-approved Investment Statement Policy. Oversee the investment processes in totality giving recommendations and trade ideas to the investment team. Manage portfolio construction, asset weightings, concentrations, security ratings and overall investment risk. Also, create and monitor modeled assets including timing of portfolio rebalances. Duties include policy knowledge and incorporating various strategies to meet client’s goals and expected results. Responsible for managing and growing knowledge and abilities of the Investment team. Cultivate, enhance, and train team and put them in position to gain training and certifications. Work with not only trust employees, but bank employees to gain asset growth. This includes joining local organizations and consistently meeting with centers of influences within the community. This may include working with marketing and executives to strategize on ideas for growth. The position assists in establishment of short- and long-range plans and policies for the profitable operation and growth of the department; serves trust customers and carries out fiduciary responsibilities in accordance with applicable laws, regulations, and department policies. Actively builds new trust business and enhances the position of the bank in the community. Must work with and assist the investment team in totality of the investment process and adhere to the prudent investor rules and regulations.
EDUCATION and EXPERIENCE:
- Bachelor’s degree in business, finance or related field or equivalent experience, education, or related training
- At least 7 – 10 years previous Investment related experience with trusts, estates, and individual investment accounts with a focus on trust/fiduciary management and alternative investments, including manager research and due diligence
- Demonstrated capability of producing and increasing bank customer business or experience managing a customer portfolio
- Prior high net worth client experience or private banking experience
- Strong communication and decision-making skills
- Proven presentation and organizational skills
- Experience with Value Line, Morningstar, or financial planning software.
- While not required, various professional certifications support the ability to successfully fill this position. (i.e. AFIM, CFP, or CFA or comparable designation)
- Proficient with Excel, Word, and PowerPoint
ESSENTIAL DUTIES and RESPONSIBILITIES:
- Review, analyze, and provide input regarding the investment strategy for individual portfolios considering client’s cash flow needs, tax implications, and current and long-term market conditions.
- Work with administration to help monitor maturing and called securities, investing available cash as received per the account’s investment objective.
- Direct and oversee the periodic reallocation of accounts using the department’s investment models.
- Periodically review assets, analyze stocks and mutual funds, and maintain a “master list” for the department.
- Attend periodic meetings, reviewing accounts to confirm proper asset allocation as identified and the investment objective is being met per the current and planned investment structure.
- Instill confidence in clients via strong communication skills and the ability to convey rationale for the account investment strategy, with supporting data analysis.
- Ensure that the terms and conditions of each trust account are adhered.
- Ensure that all annual investment reviews are performed properly.
- Oversee compliance with applicable trust laws and federal and state fiduciary regulations on customer accounts.
- Successful resolution of day-to-day questions and concerns from clients and beneficiaries.
- Discuss financial options with customers and assist in financial plan of action for investment purposes.
- Assist in research for buying, selling, and overall portfolio management.
- Attend seminars and various training to help depth and knowledge in the industry and also to meet and build peer relationships.
- Assist with presentation materials for prospects/current clients and various meetings.
- Assist Trust Officers in investment-related activities, including customer contact and business development.
- Assist with board report preparation and monthly market commentaries as needed.
- Be able to assist with major presentations including board reports and RFP opportunities.
- Write and work with marketing/compliance to provide monthly/quarterly newsletters to existing clients and prospects.
- Promote and enhance Field and Main’s culture and foster the development and implementation of organizational policies and guidelines.
- Represent the financial institution in community affairs and civic organizations.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Other duties as assigned.
KNOWLEDGE, SKILLS, and ABILITIES:
- Knowledge of fiduciary investing process using the prudent man rule in alignment with company’s policies and procedures.
- Previous experience working in a team environment.
- Extensive knowledge of investing and the ability to communicate key concepts in understandable terms to clients, beneficiaries, attorneys, and other interested parties.
- Extensive knowledge and understanding of differences between individual, trust, and IRA accounts, and associated rules and regulations.
- Knowledge of trusts, estate planning, and compliance with administering trust accounts.
- Ability to quickly gain the confidence and respect of co-workers and clients.
- An attitude of exceptional service towards co-workers and clients.
- General knowledge of income tax laws and implications.
- Must possess strong Math and/or accounting skills.
- Excellent verbal and written communication skills.
- Strong attention to detail with the ability to perform multiple tasks in a fast-paced environment.
- Working with various high-level software, such as performance and trust systems.
- Ability to use Excel, Word, and PowerPoint.
- Ability to exercise independent judgment consistent with department guidelines.
COMPETENCIES: To be successful in this position, an individual should possess and demonstrate the following competencies to perform the essential functions of this position.
- COMPUTER SKILLS – Strong working knowledge of computer functions. Ability to learn new technical skills and commitment to pursuing continuing education opportunities to advance technical skills.
- INITIATIVE – Ability to determine a correct course of action based on knowledge, policies, and sound judgment. Takes proactive steps to accomplish tasks without specific direction. Seeks out and takes responsibility for additional work assessments. Seeks out new learning opportunities. Ability to consistently make correct decisions based on sound judgment, job knowledge, job experience, and job training. Willingness to take responsibility for decisions. Keeps supervisor informed of decision and reason and base for the decision.
- FOLLOW-UP – Completes assignments and tasks willingly, promptly, and efficiently. Responds with a sense of urgency to requests from customers, co-workers, and /or supervisor. Keeps supervisor informed of status of completed tasks.
- COMMUNICATION SKILLS- Relates positively to customers, staff, co-workers, and supervisors. Consistently demonstrates appropriate use of language expected in a professional work environment. Considerate and respectful of clients, customers, staff, co-workers, and supervisors by tone, volume, and mannerism used in communicating. Expresses thoughts clearly and proficiently in written and oral form. Maintains confidentiality in all bank, employee, and customer-related matters.
- INTERPERSONAL RELATIONSHIP SKILLS – Works well with co-workers, conveying thoughts and actions in a positive manner. Consistently displays a willingness to cooperate. Receptive to suggestions for improvement. Strong sense of business propriety and decorum. Interacts and communicates with individuals at all levels of the organization. Dependable, consistently at work and on time, follows instructions, responds to management directions, and solicits feedback to improve performance.
- TIME-MANAGEMENT – Ability to consistently display a sense of urgency in completing tasks and servicing customers’ needs. Ability to maintain accuracy and quality of work as quantity of work increases. Organizes, prioritizes, and plans work activities and use of time efficiently. Effectively prioritizes duties and develops a system that triggers action in own workflow. Possesses ability to realize urgent nature of tasks assigned. Effectively uses the proper resources to maintain an organized, neat, and efficient work environment necessary for completion of duties in a timely manner. Demonstrates accuracy and thoroughness and monitors own work to ensure quality and quantity of work. Takes time to verify work and promptly correct errors. Maintains all the required and appropriate records necessary in the job.
- ADHERENCE TO POLICIES and PROCEDURES - Understands the importance of adherence to bank policies in job-related functions, employee, and banking issues. Maintains confidentiality of employee, customer, and bank information within and outside of the company. Actions and behaviors reflect positively on the company. Maintains highest level of honesty in handling customer, employee, and bank information.
ADA REQUIREMENTS: Work is performed in an open office setting; one must be able to concentrate and perform work in an area that will likely result in the interruptions of one's duties. Ability to lift items weighing up to 50 lbs.
This job may not be all-inclusive. Employees are expected to perform other duties as assigned or directed by management. Job descriptions and duties may be modified when deemed appropriate by management.
REV. 03/20/2024 JMB EOE/ Minorities/Women/Vets/Disabled
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