Associate Relationship Manager

Location
Boston, Massachusetts (US)
Salary
Salary, bonus and benefits
Posted
Apr 20, 2021
Closes
Jun 19, 2021
Job Function
Wealth Management
Employment Type
Full Time
Education
Bachelors

JOB PURPOSE

CIBC Wealth Management seeks a bright, detail-oriented individual with a strong interest in investments, investment performance, asset allocation, and general trust and account administration for an Associate Relationship Manager position within the Boston office. The Associate Relationship Manager will assist two senior relationship managers with modeling, analyses, trading, meeting materials, research projects, and all other supporting tasks relating to servicing high-net-worth and ultra-high-net-worth clients. The work environment is highly professional, fast-paced and centered around a specified team of colleagues and clients. We offer a competitive compensation and benefits package, and the opportunity to develop personally and professionally.

KEY RESPONSIBILITIES

 

  • Support the management of client relationships and portfolios to maximize client retention and new business growth  
  • Implement investment decisions and asset allocation changes: first as directed by Senior Relationship Managers, later more independently  
  • Ensure that portfolios are maintained according to specified asset allocation or client guidelines
  • Rebalance portfolios due to liquidity needs or excess cash, bond maturities, manager changes, tax loss harvesting, or investment recommendation implementation
  • Assist Senior Relationship Managers in compiling data on investment strategy, investment process, portfolio performance, investment results, and financial markets outlook for communication to clients and prospects
  • Prepare and analyze performance reporting against pre-agreed benchmarks
  • Prepare subscription documents for private investments
  • Ensure knowledge of our entire investment solution suite; staying current on investment products
  • Handle trade order entry for portfolio transactions and administration of custody account trades and performance
  • Assist with core administrative functions: approving cash processing transactions, mutual fund trading and other transactional duties as required
  • Analyze and resolve a wide variety of unique client issues
  • Respond to and engage with clients:  first backing up Senior Relationship Managers, later more independently   
  • Attend client meetings as requested by Senior Relationship Managers
  • Perform annual investment reviews (“Reg-9” Reviews)
  • Ensure appropriate operational and compliance risk controls are implemented and managed in accordance with CIBC and Line of Business requirements
  • Establish and maintain effective partnerships and teamwork to ensure a level of service delivery that is professional, seamless and timely
  • Operate within a team structure with limited supervision in completing assigned responsibilities
  • Support business development efforts and client servicing by actively participating in client, networking or company events, often after normal business hours

KNOWLEDGE AND SKILLS

  • 5 - 7+ years financial services experience, ideally with some exposure to relationship management
  • 3 - 5+ years investment experience, ideally with direct exposure to portfolio management
  • Sound understanding of global financial markets including equity, fixed income and alternative investments
  • Sound understanding of investment management disciplines such as asset allocation, portfolio construction, risk return analytics, performance measurement, and compliant reporting
  • Sound operations, regulatory and risk management knowledge
  • Advanced proficiency in Excel, PowerPoint, Word; familiarity with trust accounting systems, trading systems, and FACTSET / Bloomberg
  • CFP and/or CFA designations highly desirable

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