Designated Supervisor of Managed Accounts

BMO Financial Group; Toronto; On-site; CAD 50,000 - 95,000; Full time

Job summary

An established industry player is seeking a Designated Supervisor of Managed Accounts to join their dynamic team. This role focuses on investment suitability and oversight, ensuring compliance with regulatory obligations while supporting branch supervision. The ideal candidate will have a strong background in managed accounts, excellent analytical and communication skills, and the ability to work independently. With a commitment to growth and innovation, this organization offers a collaborative environment where your contributions will make a significant impact on client success and operational excellence.

Benefits

Health Insurance

Tuition Reimbursement

Accident Insurance

Life Insurance

Retirement Savings Plans

Qualifications

• Minimum 3-5 years of experience with managed accounts.
• Registered with CIRO as Supervisor for managed accounts.
• Technical proficiency gained through education or experience.

Responsibilities

• Conduct suitability reviews of MPA Client Account Agreements.
• Support branch supervision employees on supervision issues.
• Coordinate resolution of issues identified in oversight process.

Skills

Analytical Skills

Communication Skills

Problem Solving Skills

Organizational Skills

Interpersonal Skills

Data Driven Decision Making

Education

Chartered Investment Manager (CIM)

Chartered Financial Analyst (CFA)

Post-secondary education in related field

Tools

MS Excel

Job description

Application Deadline:

05/16/2025

Address:

100 King Street West

Job Family Group:

Business Management

BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.

Position: Designated Supervisor of Managed Accounts
Working with the Director, Portfolio Management Supervision, and other immediate team members, and internal partners, the successful candidate will focus on the investment suitability and oversight of BMO Nesbitt Burns Managed Portfolio Account (“MPA”) program.

The primary responsibilities for this role include, but are not limited to:

• Complete suitability reviews of new and updated MPA Client Account Agreements.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Provides support and guidance to branch supervision employees on supervision issues
• Supports Regional Supervision team with managed account KYC review monitoring
• Support the team with quarterly account oversight review of all MPA accounts in the MPA Program to ensure that each managed account conforms to the account’s Client Account Agreement (“CAA”) investment guidelines, MPA program and regulatory obligations.
• Coordinate resolution of any issues identified as a part of the daily and quarterly oversight process and escalate issues where necessary.
• Act as a relationship manager with Branch Supervision and MPA Advisory Teams in coaching on various suitability related and oversight matters.
• Oversee the tracking process to ensure Client Account Agreements and Investment Policy Statements are reviewed and updated annually.
• Point of contact for internal auditors and facilitates responses to inquiries for external audits in coordination with the Director, Portfolio Management Supervision and fellow MPA Supervisor colleagues.
• As a member of the broader Supervision, Support and Governance team you will need to support various broader initiatives from time to time.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Provides input into the planning and implementation of operational programs.
• Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.

• Performs supervision activities to meet regulatory requirements and maintain service level standards.
• Builds effective relationships with internal stakeholders.
• Follows through on risk and supervision processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, act in their best interests, and ensure an effectively run function.
• Protects the Bank's assets and complies with all regulatory, legal and ethical requirements.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Identify and recommend process improvements
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation

• Registered with CIRO as Supervisor responsible for supervision of managed accounts – or eligible to request registration.
• Minimum 3-5 years of experience with managed accounts
• Post-secondary education in related field of study or an equivalent combination of education and experience.
• Technical proficiency gained through education and/or business experience.
• Strong analytical skills in working with MS Excel
• Ability to work independently and with minimal guidance
• Thorough and detail-oriented
• Excellent organizational, interpersonal, written and verbal skills
• Ability to work under time constraints in high volume situations
• Flexible, team player

• General knowledge of all supervision and industry regulations
• Verbal & written communication skills
• Collaboration & team skills
• Analytical and problem solving skills
• Influence skills
• Data driven decision making.

Salary :

$50,900.00 - $94,800.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en .

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.