Associate II, Portfolio Manager

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

Technical Knowledge…