At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.Job Description
Ascent services clients with net worths in excess of $75MM, with average client assets above $100MM.
The Managing Director, Investments (MDI) is the lead investment professional responsible for the management of investment advice and strategies to an exclusive group of ultra-high-net-worth (UHNW) clients. In this role, the MDI leads the investment function on the regional team and is ultimately responsible for a book of investment client relationships. The MDI leads the coordination of client communications for their investment team to deliver asset management oversight, asset allocation, manager selection and due diligence coordination of all client relationships within their book of business. The MDI participates in and contributes to the investment strategy and platform development across the broader Wealth Management organization. In addition, they have a key role in developing Ascent's presence in the UHNW market including representation of the business segment in the region and at community events along with developing and closing new business opportunities.
The MDI will manage complex client relationships with families or individuals that have a least $75mm in net worth. In order to best fit this firm's unique culture, the ideal candidate would possess “quiet confidence”, is not ego-centric and performs best in a highly collaborative, collegial, team-approach model. The MDI should be able to thrive in an environment working with exceptional people, with the ability to work alongside highly trained and educated professionals. The MDI reports directly to the Regional Managing Director for the region.
Responsible for retention, development and growth of book of business
Provide and/or coordinate advice and counsel to clients and prospects in the areas of investments.
Ensure the investment functions are performed at an exceptional level while maintaining proper risk management and client satisfaction
Proactively identify potential business opportunities and/or high-risk situations
Responsible for the coordination of investment team functions for assigned book of business to ensure the Ascent client experience is consistently meeting the standards set forth by leadership.
15+ years of portfolio management experience
5+ years working with alternative assets
Extensive UHNW client and COI network in the market they are leading
Prefer advanced expertise that is directly relevant to UHNW clients (MBA, CFA, etc.)
Currently reside in the local area or have significant relevant experience and relationships in the region
Industry leading business development and networking acumen
Public speaking ability and experience
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
EEO is the Law
Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law poster.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $210,120.00 - $247,200.00 - $271,920.00
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