Manager, Portfolio Management Group

Socket.dev; Toronto; On-site; CAD 70,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group in Canada seeks a seasoned investment management professional to support Investment Counsellors with portfolio administration, execution of transactions, and adherence to BPIC’s philosophy.

The role requires CFA/Investment Manager credentials, strong regulatory knowledge, and the ability to work in a fast-paced private wealth environment in Canada. Competitive salary and comprehensive benefits accompany the position.

Qualifications

• University degree and/or CFA/Canadian Investment Manager designation.
• Registered or eligible to register as Advising Representative - Client Relationship Manager (AR-CRM).
• Experience in investment management within private wealth or financial services.
• Knowledge of portfolio management principles and regulatory environment.

Responsibilities

• Assist Portfolio Counsellors in administration and implementation of client portfolios.
• Execute transactions and generate orders per investment policy.
• Liaise with trading desk to enhance synergies and ensure compliance.

Skills

Interpersonal skills

Communication

Persuasion skills

Analytical skills

Detail-oriented

Multi-tasking

Independent work

Team collaboration

MS Office

Bloomberg (asset)

Education

University degree

CFA Charter

Canadian Investment Manager designation

Tools

Charles River – CRIMS

FIS – Global Plus

MS Outlook

Job description

Address: 100 King Street West

Job Family Group: Wealth Sales & Service

The Portfolio Management Group (PMG) is responsible for supporting BMO Private Banking Canada’s Investment Counselors (ICs) with the effective administration and implementation and monitoring of client investment accounts which are to be in line with BMO Privates Investment Counsel (BPIC)’s philosophy, strategies and mandates.

Key Accountabilities

1. Portfolio Administration and Implementation

• Implement investment recommendations of the Investment Policy Committee and investment managers by generating orders and executing transactions in BPIC’s discretionary accounts.
• Support Investment Counsellors in the administration and management of client portfolios by generating orders and executing transactions upon request.
• Maintain low portfolio variability with established investment models to keep performance in line with internal benchmarks.
• Proactively review client accounts to ensure portfolios are managed in an efficient manner by utilizing portfolio management software capabilities while ensuring compliance with investment constraints.
• Proactively liaise with the trading desk to enhance synergies.

2. Practice Management and Team Effectiveness

• Establish and maintain positive relationships with Investment Counsellors and provide guidance to Investment Counsellors in the management of client portfolios.
• Coach, motivate, develop and provide counsel to Portfolio Associates and Portfolio Assistants in the resolution of complex issues.
• Provide insight and share expertise with team members and colleagues in regards to BPIC’s investment platform and products.
• Support a work environment that inspires innovation, creativity, collaboration, diversity and demonstrates a high tolerance and flexibility for change.
• Provide feedback and support to the Regional Directors of Investments.

3. Project Management

• Assist, as subject matter experts, with ad-hoc projects in support of BMO Private Wealth Canada initiatives.

4. Risk Management & Control

• Protect the Bank’s assets and clients by ensuring proper adherence to all aspects of First Principles, Our Code of Conduct, Ethics, and compliance policies and procedures relating to private client money management.

Knowledge

• Credentials and experience sufficient to achieve registration as Advising Representative with Provincial Securities Commissions is required (earned CFA Charter and has gained 12 months of relevant investment management experience in the 36-month period before applying for registration; or received the Canadian Investment Manager designation and has gained 48 months of relevant investment management experience, 12 months of which was gained in the 36-month period before applying for registration) or eligibility to be registered as an Advising Representative - Client Relationship Manager (AR-CRM).
• University degree
• CFA Charter or Canadian Investment Manager designation
• Minimum of 5 years working experience in the investment and/or financial services industry either in a similar role or within the Private Wealth or Investment Management divisions.
  Skills
• Strong understanding of portfolio management principles and the regulatory environment.
• Ability to work in a fast-paced environment
  Excellent interpersonal, communication, relationship management and persuasion skills (verbal, listening and writing)
• Strong attention to detail and analytical skills as well as being organized and the ability to multi-task and take initiative
• Strong ability to work independently and as part of a team
• Strong understanding of financial markets, investment products and familiarity with taxation issues.
• Strong understanding of the regulatory environment
• Strong technical skills and exposure to portfolio management and trading (Charles River – CRIMS and CRA) and book of record software (FIS – Global Plus) is an asset.
• Strong computer skills: MS Office, MS Outlook, Bloomberg is an asset.

Salary: $70,000.00 - $150,000.00

Pay Type: Salaried

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

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

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.

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.