Portfolio Manager

Job Description

Job Description

Position Summary:

As a Portfolio Manager, you will collaborate in managing investment portfolios for a range of fiduciary accounts, providing research and analysis on common stocks, mutual funds, and fixed income investments within the Wealth Management Department. You will support the investments team in managing entry-level portfolios while continuing to build your investment knowledge and portfolio management experience.

In addition, our FIRST Values apply to all teammates without exception.

FIRST Values

• Family – We support, trust, and respect each other, our customers, and our shareholders.
• Independence & Innovation – We embrace change as vital to our success.
• Relationships – We build relationships that are based on strong character, mutual loyalty, trust, and respect.
• Stewardship – We take care of ourselves so we can take care of others.
• Teamwork – We help each other grow and succeed.

Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 140 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us – it is the cornerstone of our success.

Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Accountabilities

Investment Research

Conduct research on potential investments for client accounts. Maintain knowledge of existing investments.

• Provide the investment team with insights and recommendations on its strategic and tactical asset allocation decisions given current market and economic conditions.
• Maintain strong knowledge and command of current and anticipated capital market conditions and how it relates to client portfolios.
• Analyze and document existing and potential investments including mutual funds, ETFs, stocks, and bonds.
• Share ideas with team.

Portfolio and Client Relationship Management

Manage client portfolio investments while delivering world-class service through effective communication of investment concepts, strategies, recommendations, and results.

• Manage client portfolio investments according to asset allocation targets by executing trades and rebalancing.
• Actively manage discretionary investment accounts according to asset allocation targets by executing trades and rebalancing.
• Conduct annual investment reviews for all discretionary accounts.
• Maintain a current body of knowledge of economic and market trends and conditions.
• Implement and maintain client portfolios ensuring consistency with internal investment policy, asset allocation guidelines, appropriate risk controls and desired tax efficiency.
• Familiarity with fiduciary principles and prudent investing concepts.
• Meet with existing clients where appropriate to conduct an investment review.
• Meet with client prospects to communicate our value proposition and lead discussion on risk tolerance and appropriate asset allocation.
• Communicate with clients about their accounts, market conditions and economic and market trends.

Growth Mindset

Drive continuous growth by actively seeking learning opportunities to advance skillset, embrace a culture of continuous improvement and collaboration for department success, while enthusiastically pursuing ways to achieve defined growth goals.

• Solicit, welcome, and implement feedback from leaders, peers, COIs, and clients as a means to remain coachable, recognizing there is always room for growth and improvement.
• Regularly contribute ideas for process improvements.
• Proactively apply new skills and insights from learning experiences to daily tasks, adjusting approaches to improve outcomes and efficiency.
• Demonstrate curiosity by consistently expanding investment and markets knowledge through consistent reading, listening to podcasts, etc.

Qualifications

Secondary education in business or related field preferred. Three or more years of relevant work experience or a combination of education/experience that would enable incumbent to meet accountabilities and required competencies of the position. Experience in investment portfolio management preferred. Chartered Financial Analyst (CFA) preferred or willing to attain within a reasonable amount of time.

Skills and Abilities

• Excellent verbal and written communication skills.
• Thorough knowledge of the stock market, bond market, mutual funds, and economic events.
• High degree of organizational skills with ability to utilize various resources for investigation.
• Analytical skills with emotional intelligence for disciplined management of client assets.
• Ability to conduct relationships in a manner that ensures cooperation and positive results.
• Excellent time management skills with a proven ability to meet deadlines.
• Ability to adapt to the needs of the organization and teammates.

What’s in it for you?

• Health Insurance
• Dental & Vision Insurance
• Profit Sharing
• Paid Vacation & Holidays
• Company paid short and long term disability
• Tuition Reimbursement Program
• Employee Banking Perks
• Community Volunteer time
• And More!