Client Portfolio Manager - Investment Research Group

At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!

What You Can Expect At BBH:

If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

Join us as a Client Portfolio Manager

The BBH Investment Research Group (IRG) is the centralized investment team within BBH’s Multi-Family Office (MFO) business that is responsible for asset allocation, portfolio construction, manager selection and monitoring, risk management, and other investment-related decisions for our clients. Currently IRG oversees an asset base in excess of $56 billion dollars that is invested in over 25 different internal and external investment strategies.

As part of IRG’s dual mission of delivering investment excellence and inspiring client confidence, we recently launched the Client Portfolio Management & Strategy (“CPMS”) team, which is responsible for communicating our best investment thinking to our client teams and our clients.

This Client Portfolio Manager position is a newly created role, reporting directly to the Head of CPMS. The CPMS team is integrated into the investment team, remaining current and informed on investment managers and portfolio strategy.

The CPMS team works closely with 1) the Investment Research Team in IRG, keeping abreast of investment philosophy and approach, manager selection and market updates; 2) the Relationship Managers to ensure that clients’ portfolios reflect IRG’s best thinking, balanced with each client’s respective goals and objectives; and 3) the Investment Operations & Analytics Team within IRG, which is responsible for executing IRG decisions, including manager onboarding and technology implementation.

The Client Portfolio Manager is responsible for representing for our multi-asset class investment portfolios with our clients and prospects. This role is responsible for working directly with existing and prospective clients to represent BBH’s investment strategies and overall portfolio approach. He/she will interact with existing and potential clients as an investment representative from IRG, perform ad hoc investment analyses as requested by clients, and oversee clients’ asset allocation and portfolio construction alongside the clients’ Relationship Manager, who serves as the primary point of contact for each client.

The scope of work with clients includes preparing and presenting portfolio proposals, portfolio reviews, providing updates on individual investment manager strategies as well as contributing to written content and responding to investment enquiries. The ideal candidate will have experience in discussing portfolios with clients across multiple asset classes. The role also involves capturing key portfolio insights, research projects and other ad-hoc analyses. A strong skill set in synthesizing research findings is important, as is investment writing and creative presentation content. Investment collateral produced by CPMS can include macroeconomics, investment themes, portfolio composition, performance and characteristics, rationale for holdings and investment decisions at both an investment manager and a portfolio level. It will be important to stay abreast of the markets as well as developments with all managers on the BBH investment platform.

While headquartered in New York City, the CPMS team has responsibility for Front Office and client facing activities across our US offices which in addition to New York, include Boston, Charlotte, Chicago, Houston, Nashville and Philadelphia. We are open to applicants who are seeking to be located in Boston and Philadelphia, with periodic travel to other offices, as needed.

Some of your key responsibilities include:

Portfolio Management Support

• Serve as an IRG investment expert for BBH’s taxable and non-taxable clients, effectively communicating on our investment philosophy and portfolio approach to our clients.

• Work with the Investment Team to stay current on portfolios and communicate with clients about various managers and performance.

• Participate in client meetings and document key takeaways; ensure deliverables are met on a timely basis.

• Work with the Investment Team, CPMS, and Relationship Managers to provide analytics on client portfolios that will aid in investment decision making, including private equity modeling, portfolio look-throughs, capital gains and other tax information.

• Take the lead on monitoring legacy managers or individual holdings that are in client portfolios, but which are not covered by the Investment Research Team.

• Actively engage in IRG investment discussions and decision-making processes.

Client Relationship Management

• Support Relationship Managers by providing information related to the investment platform and assisting with data and other information requests.

• Create timely client-specific materials, reports, and thought pieces to address client needs.

• Draft communications for relationship teams including, but not limited to: 1-pagers that summarize key data for each manager, top 10 investment holdings summaries, and Ad Hoc commentary (think: performance update, moved to watch list, personnel turnover, etc.).

• Participate as needed in the process to onboard new client relationships

• Assist with overseeing the management of timely and thoughtful responses to Relationship Management /client enquiries, including the effective organization and streamlining of all responses and FAQs.

Asset Allocation, Market Analysis and Content Generation

• Assist with developing a process for CPMS to assist the Relationship Managers in ensuring that client portfolios are managed in accordance with the investment policy statement.

• Recommend rebalancing recommendations when markets move portfolios away from targets.

• Monitor and analyze portfolio exposure data for client policy portfolios.

• Analyze market and macroeconomic developments that may influence portfolio construction or other investment decisions.

• While we invest bottom-up, we worry top-down about risks that could impact the portfolio – assist in writing market commentary that inspires client confidence that we are monitoring all potential risks

• Stay informed of industry trends, investment manager updates, market and macroeconomic developments that may influence portfolio construction or Front Office/client communication.

Qualifications:

In addition to a strong work ethic, unquestioned integrity, a demonstrated record of professional success, and sound judgement, candidates should possess the following:

• BA or Equivalent, advanced degree and/or CFA/CAIA a plus

• 8+ years of relevant investment-related experience.

• Has a blend of both investment acumen and client experience to be a successful Client Portfolio Manager representing our business with our clients.

• Demonstrated interest in, along with ability, to represent a multi-asset class portfolio of exceptional investment managers.

• Strong conceptual and critical thinking skills.

• Excellent interpersonal skills and the ability to build trusted relationships with clients and colleagues .

• Outstanding written and verbal communication skills.

• Demonstrated ability to work in a collaborative team environment

• Strong quantitative and qualitative analysis skills, including data analysis.

• Experience managing and/or mentoring colleagues.

• Knowledge of BBH products, practices and investment philosophy, a plus

• Experience with Microsoft Office Products, particularly PowerPoint and Excel, required

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.