Manager, Portfolio Management Group, Private Wealth

BMO U.S.; 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 is seeking a skilled Portfolio Manager in Canada to support Investment Counselors within BPIC, handling portfolio administration and implementation with attention to risk and compliance.

You will lead a team, manage ad-hoc projects, and contribute to investment policy execution, delivering client-centric financial solutions in a fast-paced private wealth environment. This salaried role offers competitive compensation.

Qualifications

• Ability to pursue registration as Advising Representative with Provincial Securities Commissions.
• CFA Charter or Canadian Investment Manager designation or eligibility to register.
• Minimum 5 years in investment/financial services industry related to private wealth.

Responsibilities

• Operate portfolio administration and execution in discretionary accounts.
• Lead and coach Portfolio Associates and Portfolio Assistants.
• Support investment policy and client portfolios with BPIC standards.
• Manage risk and ensure compliance with First Principles and codes of conduct.

Skills

Portfolio management

Leadership

Communication

Attention to detail

Team collaboration

Analytical skills

Industry knowledge

Trading systems

MS Office

Bloomberg

Education

CFA Charter

Canadian Investment Manager designation

Registration eligibility - Advising Representative

Tools

Charles River CRIMS

FIS Global Plus

MS Office

Bloomberg

Job description

Application Deadline: 10/18/2026 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
• 2. Leadership & Team Effectiveness
• 3. Project Management
• 4. Risk Management & Control

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. In some cases, may have direct interaction with clients in establishing appropriate Investment Policy Statements for centrally managed mandates for Trust and staff accounts.
• 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 and 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.

Qualifications

• 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. 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
• retirement savings plans

To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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’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.

Who we are

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.