SVP, Investment Portfolio Manager

Hiring Range: $123,606 - $203,067 The posted salary range reflects Easternu2019s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information. The Portfolio Manager for Eastern Bank manages the companyu2019s $5 billion fixed income investment portfolio. The portfolio manager will lead the development and execution of the bond portfolio strategy under the oversight of the Asset and Liability Committee with a focus on meeting the Companyu2019s earnings, liquidity, credit, and interest rate risk parameters. + Lead the design, execution, and ongoing management of the Banku2019s $5 billion fixed income investment portfolio, balancing earnings performance, liquidity, pledgeability, credit quality, cash flow profile, duration, and interest rate risk. Portfolio strategy is developed under the oversight of the Treasurer and the Asset and Liability Committee (ALCO) and aligned with the Banku2019s risk appetite, policy limits, and strategic objectives. + Prepare and present comprehensive portfolio analytics, strategy updates, and recommendations to ALCO, including performance attribution, market outlook, risk positioning, policy compliance, and proposed portfolio actions. Serve as a subjectu2011matter expert to support informed committee decisionu2011making related to interest rate risk, liquidity, and balance sheet strategy. + Maintain advanced expertise across a broad range of fixed income instruments, including residential and commercial mortgageu2011backed securities, corporate bonds, municipal securities, and other structured or taxable products. Monitor market, economic, and regulatory developments impacting valuation, liquidity, and risk characteristics, and proactively translate these insights into portfolio strategy recommendations. + Oversee trade execution activities, including pricing evaluation, transaction structuring, and settlement coordination. Manage brokeru2011dealer relationships and trading platforms to ensure competitive execution, strong market access, and adherence to internal controls, policies, and regulatory requirements + Provide oversight of the Banku2019s loan level hedging program (counterparty facing), managed by the Treasury Associate, ensuring activities align with customer needs, risk management objectives, regulatory expectations, and internal policies. + Oversee the Banku2019s BOLI portfolio, including performance monitoring, credit quality assessment, regulatory compliance, and coordination with accounting and risk functions. PROBLEM SOLVING & DECISION MAKING This position operates with a high degree of autonomy and with regular collaboration with the Executive team, Corporate Treasury and Accounting. Critical and innovative thinking is encouraged. Education and Experience + Bacheloru2019s Degree (or equivalent experience) preferably in Finance, Economics, Business, or related field. + Masteru2019s degree or equivalent designation preferred (CFA, MBA, MSF) + 10-20+ years in a related role + Strategic thinking and planning + Ability to operate in a highly regulated banking environment (documentation, memos, control execution, committee reviews, policy adherence, etc.) + Strong teamwork mentality with a high degree of flexibility and adaptability. + Candidate will be a self-starter and highly motivated + Strong technology skills are required + Excellent presentation and overall communication skills Skills/Knowledge + Strategic thinking and planning + Ability to operate in a highly regulated banking environment (documentation, memos, control execution, committee reviews, policy adherence, etc.) + Strong teamwork mentality with a high degree of flexibility and adaptability. + Candidate will be a self-starter and highly motivated + Strong technology skills are required + Excellent presentation and overall communication skills At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement. Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability. At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If youu2019re excited about this role but your experience doesnu2019t fully align with every qualification, we still encourage you to apply You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.

Created: 2026-03-06