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Vice President, IWM Portfolio Manager II

Company: Bank of New York Mellon
Location: Boston
Posted on: September 19, 2023

Job Description:


Bring your ideas. Make history.

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

As a leading wealth manager, BNY Mellon Wealth Management is focused on helping successful individuals and their families build, manage and sustain their wealth across generations and market cycles. Through a unique service model focused on five Active Wealth practices - Investing, Borrowing, Spending, Managing Taxes, Protecting Legacies - they help clients in the U.S. and abroad achieve stronger after-tax performance to help maintain their wealth over generations.

We're seeking a future team member for the role of Vice President, IWM Portfolio Manager II to join our Fixed Income team in Wealth Management. This role is located in Boston, MA and is eligible for flexible work arrangement.


  • Manages, independently and with other members of the Fixed Income team, taxable fixed income accounts within investment policy guidelines to achieve investment objectives. Implements investment strategies consistent with client financial goals and risk tolerance and in accordance with the investment policies/philosophies and procedures and applicable regulations. Evaluates the performance of investments, and ensures that individual portfolios are structured in line with goals/strategies developed by and agreed upon by the Fixed Income team.
  • Executes on a timely basis trades of fixed income securities including but not limited to Treasuries, agencies, corporate bonds, taxable municipal bonds and asset- or mortgage-backed securities.
  • Assures timely and accurate execution of taxable fixed income buy or sell orders submitted by Wealth Management portfolio managers and account officers for non-actively managed accounts.
  • Coordinates with the Fixed Income settlements group.
  • Effectively communicates philosophy/process and attribution analysis both to internal and external clients.
  • Participates in client review meetings as needed as well as in new business efforts.
  • Responds quickly and accurately to client requests and maintains appropriate documentation.
  • Contributes to team strategy meetings, sharing opinions and independent research., and works with Credit Research group within the Fixed Income team.
  • Works with research, strategy team members and other members of the Fixed Income team.
  • Maintains and improves risk controls, including but not limited to controls around individual credits, allocation to sector and risk buckets.
  • Works to improve, streamline and automate trading, portfolio management and reporting processes.
    • Bachelor's degree or the equivalent combination of education and experience is required.
    • Candidate should have strong marketing /commercial experience and skill set."
    • Advanced/graduate degree preferred. CFA certification or progress toward certification is desirable.
    • 5-10 years of total work experience preferred and 5 years or more of investment experience preferred for MBAs or CFAs.

      At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:

      Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion

      Bloomberg's Gender Equality Index (GEI)

      Best Places to Work for Disability Inclusion , Disability: IN - 100% score

      100 Best Workplaces for Innovators, Fast Company

      Human Rights Campaign Foundation, 100% score Corporate Equality Index

      CDP's Climate Change 'A List'

      Our Benefits:

      BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.

      BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

      Employer Description:

      For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

      EEO Statement:

      BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Keywords: Bank of New York Mellon, Boston , Vice President, IWM Portfolio Manager II, Executive , Boston, Massachusetts

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