Mutual Opportunities
Head of Private Wealth & Trust Investments, Investment Management
Windsor, Connecticut; Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
The Opportunity
The Head of Private Wealth & Trust Investments for The MassMutual Private Wealth & Trust Company is responsible for the leadership and oversight of investment related operations within the MassMutual Private Wealth & Trust Company, including defining and implementing the investment philosophy and strategy; as well as promoting and explaining the value proposition of an investment fiduciary within MassMutual Private Wealth & Trust. This role requires a unique combination of deep investment and analytical skills with strong relationship management competencies.
The position reports to the Head of Investments, MMFA Wealth Management / Chief Investment Officer, MassMutual Private Wealth & Trust.
The Team
Our team is a dynamic, energetic, and problem-solving powerhouse that continues to grow, evolve, learn, adapt and solve problems. We come from a diverse set of backgrounds and thought processes, and welcome debate, innovation, better ways of thinking and help evolving our team towards accomplishing our mission. We are incentivized to solve investment problems, and connect to the purpose to using investment tools to thoughtfully and helpfully accomplish the goals and objectives of our clients.
The Impact:
The responsibilities of the Head of Private Wealth & Trust Investments include, but are not limited to:
Manage, lead and develop a team of 3-5 investment professionals
Conduct in-depth product due diligence analysis for all investment products and outside managers that we currently work with or might add to the investment platform
Ensure investment processes are in-line with MassMutual Private Wealth & Trust Compliance, Fiduciary, and Legal requirements
Document investment processes and client portfolio account suitability, including annual Reg 9 reviews, subject to regulatory requirements set forth by the Office of the Comptroller of the Currency (OCC)
Prepare and assemble investment performance reports and attribution analysis etc., for submission and presentation to MM Private Wealth & Trust’s Investment Committee
Translate and communicate complex investment topics and financial market issues into simple language and nomenclature that can easily be absorbed by clients and financial advisors
Prepare on-going monitoring and review of investments distributed through MM Private Wealth & Trust Company. Communicate issues and risks that may affect the viability of the product, the relationship, or MM Private Wealth & Trust Company clients
Contribute to the development and on-going assessment of the investment product strategy and the product development process.
Identify and drive changes in the investment strategies in order to improve profits/performance.
Participate in creating proposals and presentations to our more sophisticated, high net-worth clients, prospects, attorneys and registered representatives. Travel may be required.
Contribute as the Subject Matter Expert in the development of new investment programs offered by the MM Private Wealth & Trust Company. Such assistance may include assisting in the design the program, drafting policies & procedures, implementing the program, and educating the field force and internal staff on attributes of program.
Lend investment knowledge to a team of Private Client Managers (Trust Officers) and wholesalers specific to the development and ongoing changes to IPS.
Minimum Requirements
Bachelor’s degree
Chartered Financial Analyst (CFA) or actively working towards becoming a CFA.
10 years of investment or portfolio management experience.
The Ideal Qualifications
Knowledge and experience with prudent investor rules and investment fiduciary duties
Experience directly managing Fixed Income or Equity portfolios
Previous investment analysis, investment consulting or due diligence experience
In depth knowledge of the financial details like accounts, analysis of financial statements, securities and stock market working and investment strategies
Excellent knowledge of industry recognized computer applications (Morningstar, Bloomberg, etc) for analysis of data and preparation of investment plans using the latest technology
Strong analytical ability
Excellent managerial and leadership skills
Ability to educate and inform a private wealth organization
Strong presentation skills and the ability to communicate confidently to registered advisors and clients
Ability to view all the available resources comprehensively and suggest the best way to use them to increase company profits
Exceptional planning, analytical and execution skills
Excellent written and verbal communication skills
Creativity and the ability to think out of the box to formulate innovative strategies
What to Expect as Part of MassMutual and the Team
Regular meetings with the Investment Management Team
Member of the senior leadership team within MassMutual Private Wealth & Trust
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-LS1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $163,900.00-$215,000.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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