Portfolio Oversight Manager I

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for managing the day to day investment oversight responsibilities for assigned book of business, Total Portfolio Review and other Private Bank risk monitoring controls. Key responsibilities include identifying an appropriate investment action plan and continuously monitoring adherence. Job expectations include assisting internal business partners drive risk mitigation, maintaining current knowledge of firm products and solutions, and overseeing a book of business with attention to detail.

The Portfolio Oversight Manager I (POM) partners with leadership, Products, BSM II, and cross-functional business partners to support risk management, operational oversight, process governance, and strategic initiatives. This role serves as a key liaison between the line of business and supervisory teams, ensuring adherence to regulatory requirements, operational policies, and enterprise standards while driving process improvements and business execution. Responsibilities include monitoring supervisory activities, identifying control gaps, audit items, administrative items, and supporting the Business Support Manager II.

Responsibilities:

• Works to understand the client's situation and circumstances to develop and recommend an investment strategy tailored to their unique goals
• Collaborates with teammates to deliver the Bank's full array of integrated solutions
• Stays up-to-date on recommendations from the Chief Investment Office, current market conditions, and economic trends to anticipate and mitigate investment
• Partners with a diverse group of constituents in order to bring about optimum outcomes and increased client satisfaction

Qualifications

• Bachelor’s degree in Business, Finance or related field, preferred, not required
• Strong knowledge of wealth management, brokerage, trust, banking, or supervisory operations.
• Experience working with regulatory requirements, risk management, and operational controls.
• Demonstrated ability to lead cross-functional initiatives and manage competing priorities.
• Strong analytical, communication, and problem-solving skills.
• Takes ownership of projects and independently drives workstreams from conception through execution.

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Skills:

• Advisory
• Collaboration
• Influence
• Issue Management
• Risk Management
• Account Management
• Attention to Detail
• Decision Making
• Due Diligence
• Written Communications
• Active Listening
• Adaptability
• Controls Management
• Oral Communications
• Research

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - RI - Providence - 1 Financial Plz - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range

$79,600.00 - $113,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.