Discretionary Portfolio Manager (m|f|x) Monaco

Join us as a Discretionary Portfolio Manager to support private banking clients with discretionary investment portfolios that reflect their financial goals, investment preferences, and risk profiles. You will work closely with Private Bankers and clients, providing investment guidance, portfolio insights, and market commentary while helping to build and maintain long-term client relationships. The role offers the opportunity to contribute to Investment Committee discussions and support the development of asset allocation views and investment approaches.

You will be involved in monitoring portfolios, reviewing market developments, and supporting the implementation of investment activity across client accounts in line with individual client mandates. You will also assist with portfolio administration and transactions, contribute to improvements in portfolio management processes, and prepare investment reports, analyses, and client presentations. Working alongside colleagues across the business, you will support a range of projects that contribute to the continued development of the discretionary portfolio management offering.

Purpose of the role: To generate returns, manage risk, and ensure the portfolio’s financial stability and long-term success.

Tasks

• Allocation and monitoring of securities within a portfolio, aligned with the bank’s risk tolerance framework and changing market conditions, investment objectives, and regulatory requirements, using specialized software and data analytics tools to enhance the efficiency and effectiveness of portfolio management.
• Conducting research and analysis on various securities (equities, bonds, funds) to identify profitable investment opportunities, in line with the bank’s risk tolerance.
• Communicating the bank’s investment philosophy, decision-making process, and investment selection to clients and other key stakeholders, such as relationship managers and investment advisors.
• Monitoring performance against benchmarks and objectives, analyzing risk metrics, and preparing reports for senior colleagues and internal stakeholders.
• Implementing risk management strategies to identify, assess, and mitigate potential financial risks associated with the portfolio, such as market fluctuations, credit risk, and liquidity risk.
• Conducting simulations to assess the portfolio’s resilience to different market scenarios and economic downturns, identifying potential vulnerabilities, recommending risk mitigation strategies, and communicating key findings to senior executives and board members.
• Monitoring economic data, industry news, and geopolitical events to anticipate potential impacts on the portfolio and adjust strategies accordingly.
• Researching emerging asset classes, innovative investment strategies, and alternative investments to potentially enhance portfolio returns.
• Manage relationships with investment banks, market makers, and other external partners as needed for portfolio transactions and information gathering.

Profile / Your qualification / Your personality

To be successful as a Discretionary Portfolio Manager, you should have experience with:

• Discretionary portfolio management within private banking, wealth management, or a similar investment-focused environment, including portfolio construction and asset allocation across a range of asset classes
• Building and maintaining relationships with private clients, including discussions on investment strategy and portfolio performance
• Financial markets, investment products, and the use of financial statement analysis in an investment context
• Participation in investment or portfolio committee meetings and the preparation of portfolio reviews, investment reports, and client presentations
• A master’s degree in finance or economics, or an equivalent professional qualification such as the CFA, along with fluency in English and French

Other Highly Valued Skills May Include

• Fluent English, both written and spoken
• The ability to clearly communicate investment views to different audiences
• A collaborative approach and comfort working within a small, multidisciplinary team
• Advanced proficiency in Excel and PowerPoint

That awaits you

Assistant Vice President Expectations

• To advise and influence decision-making, contribute to policy development, and take responsibility for operational effectiveness. Collaborate closely with other functions and business divisions.
• Lead a team performing complex tasks, using well-developed professional knowledge and skills to deliver results that impact the entire business function. Set objectives and coach employees in pursuit of those objectives, evaluate performance relative to objectives, and determine reward outcomes.
• If the position involves leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviors to create an environment where colleagues can thrive and consistently deliver to an excellent standard. The four LEAD behaviors are: L – Listen and be authentic, E – Energize and inspire, A – Align across the enterprise, D – Develop others.
• OR, for an individual contributor, they will lead collaborative projects and guide team members through structured assignments, identifying the need to involve other areas of expertise to complete the work. They will identify new directions for assignments and/or projects, determining a combination of cross-functional methodologies or practices to achieve the required outcomes.
• Consult on complex issues; provide advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and develop new policies and procedures to support the control and governance agenda.
• Take ownership of managing risk and strengthening controls related to the work performed.
• Perform work that is closely related to that of other areas, which requires an understanding of how these areas coordinate and contribute to achieving the objectives of the organization’s sub-function.
• Collaborate with other departments to ensure that business-aligned support functions stay up to date with business activities and the business strategy.
• Engage in complex analysis of data from multiple sources of information—both internal and external, such as procedures and practices (in other departments, teams, companies, etc.)—to solve problems creatively and effectively.
• Communicate complex information. “Complex” information may include sensitive information or information that is difficult to convey due to its content or the nature of its audience.
• Influence or convince stakeholders to achieve desired outcomes.

Application

You may be assessed on the key critical skills relevant to success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking, and digital and technology, as well as job-specific technical skills.

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Location

Avenue de la Costa 31, MC 98000 Monaco