Senior Portfolio Manager, Director

Job Title Senior Portfolio Manager

Corporate Title Director

Location New York, NY

Overview

The Director / Senior Portfolio Manager is responsible for managing discretionary portfolios, implementing model and tactical allocation changes (including those tied to MiFID investment objectives), and partnering across investment, operations, and control functions to deliver compliant, client aligned outcomes. The role supports complex client needs, including cross border considerations and disclosure/limitations, and provides investment guidance to internal stakeholders.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift, and volunteer programs

What You'll Do

• Manage discretionary portfolios and provide investment recommendations and rationale (e.g., fund switches, sequencing trades mindful of unrealized gains); contribute to investment committee discussions with views on exposures, valuation, and implementation constraints
• Support MiFID-related deliverables, including account commentary/escalations and governance follow ups for accounts requiring attention
• Navigate cross border considerations for client onboarding/prospects, including identifying policy constraints (e.g., reverse solicitation requirements) and ensuring escalation/approval pathways are followed; coordinate cross border asset movement and associated visibility/impact management (e.g., liquidation/transfer of assets to Germany and associated reporting considerations)
• Update and maintain TAA weights linked to GAT/MiFID investment objectives, distribute updated weights, and coordinate approvals/controls for model changes in portfolio systems (PM1)
• Oversee and coordinate corrections for trade/process errors, including FX offsets, settlement awareness, and requests to avoid repeat errors; provide timely responses and documentation for operational reporting needs (e.g., overdraft commentary, escalation readiness)
• Communicate clearly and escalate appropriately when regulatory/investment guideline issues require next steps (e.g., suggesting escalation to partners/BSO for MiFID items)

How You'll Lead

• Collaborate with bankers, operations, trading, and control functions to execute client needs and maintain process integrity (e.g., transfers of coverage, operational corrections, approvals) a
• Partner with internal stakeholders to surface and manage country-specific limitations and required disclosures for cross border relationships
• Typical stakeholders include DPM leadership and investment committees; bankers and relationship teams; operations/order desk; central trading/model governance teams; business management and control partners (including MiFID-related coordination)

Skills You'll Need

• Discretionary portfolio management, asset allocation reasoning, and manager/fund evaluation
• Ability to articulate tradeoffs (risk profile alignment, realized/unrealized gains, sequencing changes)
• CFA Designation
• Practical working knowledge of MiFID investment objectives, allocation/tactical updates, and the operational governance needed to implement model changes
• Familiarity with cross border restrictions/approvals, and the need to document/route items through the appropriate internal processes

Skills That Will Help You Excel

• German (Fluent) - Desired/Strong Preference

Expectations

It is the Bank's expectation that employees hired into this role will work in the New York City office in accordance with the Bank's hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $210,000 to $225,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

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We welcome applications from all people and promote a positive, fair and inclusive work environment.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to viewDeutsche Bank's Equal Opportunity Policy Statementand the following notices:EEOC Know Your Rights;Employee Rights and Responsibilities under the Family and Medical Leave Act; andEmployee Polygraph Protection Act.