Associate II, Portfolio Manager

Job description

At FNBO, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.

Summary of the Job

The Associate II, Portfolio Management supports the investment team through trade execution, client relationship management, research activities, and comprehensive reporting across equity and fixed income portfolios. This role includes discretionary investment authority for assigned accounts with expectations for expanded responsibilities throughout the year. The position balances investment professional responsibilities of client management, trading, and research with operational support functions.

This role includes clear expectations for expanding responsibilities including:

• Increased account management responsibilities
• Enhanced analytical and presentation duties
• Greater involvement in Investment Committee processes
• Expanded client-facing activities
• Potential shift in time allocation toward investment professional activities as operational efficiency improves

About This Role

Portfolio Management & Investment Discretion Manage investment accounts with trading authority within established guidelines and risk parameters Execute investment decisions including trade timing, security selection, and portfolio rebalancing Exercise discretion on cash management strategies, including raising cash in accounts and determining optimal sources Expected to assume responsibility for additional accounts throughout the year

Make independent investment decisions within established guidelines and risk parameters Trade Execution & Operations Execute equity and fixed income trades with accuracy and timeliness Troubleshoot and resolve operations and systems issues across multiple platforms (Axys, Moxy, Genesis, Black Diamond, etc.) Maintain operational efficiency and system integrity Client Relationship Management Manage a small portfolio of client relationships

Communicate investment information and updates directly with clients Generate monthly performance reports, style tilts, look-throughs, and USCCB compliance checks Produce quarterly performance reports for assigned clients Support client communication and service needs Research, Analysis & Presentation Conduct ongoing research for the Tower Select strategy Analyze investment opportunities and market trends, presenting findings to the investment team

Expected to expand analytical and presentation responsibilities throughout the year Prepare information and materials for the formal CCB Investment Committee Prepare weekly bond purchase reports for Portfolio Managers detailing purchases from the previous 7 days Generate ad-hoc reports as requested by the investment team Maintain and update the monthly Guidance

List Performance Reporting & Analytics Monthly: Run fund performance spreadsheets analyzing ETFs and Mutual Funds on the guidance list and distribute to Portfolio Managers Monthly: Prepare and distribute fact sheets Quarterly: Compile strategy trades for the preceding quarter Quarterly: Update the economic review for Portfolio Manager use in client presentations

Quarterly: Generate Firm Wide Assets report with detailed breakdowns by Portfolio Manager across various categories, including alternative exposure and duration analysis Investment Committee Support Prepare materials and information for the CCB Investment Committee Provide data, analysis, and insights to support Investment Committee decision-making Document and communicate Investment Committee guidance as needed

Documentation & Communication Maintain accurate records of all trading activity, investment decisions, and client interactions Support Portfolio Managers with presentation materials and client-facing documentation Ensure timely distribution of reports and updates to stakeholders Investment Professional Activities (40-50%): Portfolio management and discretionary trading Client relationship management and communication Investment research and analysis

Operational Support Activities (50-60%): Systems and operations support Report generation and distribution Data management and analytics undefined Key Skills: Technical Knowledge Strong understanding of equity and fixed income securities, including valuation principles and market dynamics Working knowledge of portfolio management concepts including asset allocation, diversification, and risk management Familiarity with performance measurement and attribution analysis

Understanding of investment strategies including ETFs, mutual funds, and individual securities Knowledge of regulatory and compliance requirements affecting investment management Systems & Technical Skills Proficiency with portfolio management systems (experience with Axys, Moxy, Genesis, Black Diamond, or similar platforms preferred) Advanced Microsoft Excel skills including financial modeling, data analysis, and report automation

Competency with Microsoft Office Suite (Word, PowerPoint, Outlook) Ability to quickly learn and adapt to new systems and technology platforms Strong data management and analytical capabilities

Professional Skills

Analytical Skills: Ability to analyze complex financial data, identify trends, and draw actionable conclusions Attention to Detail: High degree of accuracy in trade execution, reporting, and data management Communication: Strong written and verbal communication skills for client interactions and presenting findings Decision-Making: Sound judgment and ability to exercise discretion within established investment guidelines Time Management: Ability to manage multiple priorities, meet deadlines, and balance competing demands Problem-Solving: Resourcefulness in troubleshooting operational and systems issues Collaboration: Ability to work effectively with Portfolio Managers, operations teams, and clients Professional Presence: Confidence and professionalism in client-facing situations and team presentations undefined The Ideal Candidate for This Role:

Education

• Bachelor's degree in Finance, Economics, Business Administration, or related field required CFA Level I candidate or progress toward CFA designation preferred Experience 1-3 years of experience in investment management, portfolio operations, or related financial services role
• Demonstrated experience with trade execution in equity and/or fixed income markets Prior exposure to client relationship management or client service in a professional setting Experience working with portfolio management or trading systems Personal Attributes Self-motivated with ability to work independently
• Strong work ethic and commitment to excellence Continuous learner with desire to expand investment knowledge and capabilities Ethical approach to investment management and client service Adaptable to changing priorities and growing responsibilities Candidates must possess unrestricted work authorization and not require future sponsorship.

Compensation

Compensation range (base pay): $69,616.00-$114,867.00 This role may have a specific starting pay within this range. Final compensation offer to candidate may vary from posted hiring range based upon work experience, education, and/or skill level.

Work Environment

It is anticipated that the incumbent in this role will work onsite at the posted location. Our onsite environment fosters innovation, mentorship, and a vibrant culture where ideas flow freely and relationships flourish. As part of our team, you'll experience the energy of our collaborative spaces designed to support your professional growth while working alongside talented colleagues who inspire excellence daily. Please note that work location is subject to change based on business needs.

Benefits

Overview: We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs: Medical, Dental, Vision Insurance 401k, With Matching Contributions Time Off Programs Health Savings Account (HSA)/Dependent Care Employee Banking Growth Opportunities Tuition Assistance Short-Term/Long-Term Disability Insurance Learn more about FNBO benefits here: https://www.fnbo.com/careers/benefits/ .

For additional information regarding compensation and benefits, e-mail FNBO at [email protected] . To ensure you receive a response, include the number of this job (listed below) in the subject line of your message.

Job number

R-20261846 Equal Opportunity & Belonging: FNBO believes that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued, recognized, and empowered to be their authentic selves—no matter their role or where they are in their journey.

Learn more here. FNBO is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity. Click here to download 'EEO is The Law' Self-Print Poster Click here to download 'EEO is The Law' Supplement for Federal Contractors Click here to download 'EEO is The Law' GINA Supplement FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC FNBO follows federal law regarding the use of marijuana (this applies to all non-California applicants)

Application Deadline

All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.