PWM Portfolio Manager

Overview

At U.S. Bank, we’re on a journey to do our best. Helping customers and businesses make better and smarter financial decisions and enabling communities to grow and succeed. A career with U.S. Bank offers opportunities to discover what makes you thrive at every stage of your career—from Day One.

Manages individual and/or trust account assets and investment relationships consistent with established investment objectives and strategies of the company and/or the client. Focus on client account retention to meet Net Portfolio growth objectives. Shared responsibility for soliciting, developing, managing, and retaining client relationships for Private Wealth Management (PWM).

Serve as the discretionary investment manager for assigned PWM client accounts, including taxable, tax‑advantaged, trust, and fiduciary portfolios. Construct and manage diversified portfolios across equities, fixed income, alternatives, and other approved investment strategies in alignment with PWM investment philosophy and platform offerings. Monitor portfolio performance, risk exposures, asset allocation, and adherence to client investment guidelines; make tactical and strategic adjustments as appropriate.

Utilize approved PWM systems and tools to execute trades, manage holdings, monitor concentrations, and document investment decisions in accordance with policy and procedure.

Partner closely with Private Wealth Advisors, Trust Officers, and other relationship team members to support client acquisition, retention, and expansion. Participate in client meetings to explain portfolio strategy, performance, and market conditions in a clear and professional manner. Provide investment insights and thought leadership to relationship teams and clients, including commentary on markets, asset allocation, and portfolio positioning.

Ensure portfolios comply with internal investment policies, regulatory requirements, and fiduciary standards. Identify and address portfolio exceptions, including concentration limits, restricted securities, conflicts of interest, and required approvals. Maintain accurate and timely documentation related to investment decisions, portfolio changes, and required reviews.

Serve as a senior investment resource within the market or region, mentoring less experienced portfolio managers and contributing to best‑practice sharing across PWM. Contribute to broader PWM initiatives related to investment process improvement, platform enhancements, or product evaluation as requested. Maintain advanced investment knowledge and professional credentials consistent with senior portfolio management responsibilities.

• Bachelor’s degree
• 10 or more years of investment experience

• CFA or MBA preferred
• Thorough understanding of investment management
• Strong knowledge of finance, economics and general business
• Strong sales and relationship management/client services skills
• Ability to effectively present investment strategies to clients
• Ability to make critical decisions independently
• Excellent interpersonal and verbal and written communication skills

This role is hybrid. Team members in a hybrid role typically spend three days a week at a U.S. Bank location, with flexibility on the remaining work days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Our approach to benefits and total rewards considers team members’ whole selves and what may be needed to thrive in and outside work. Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless…