National Portfolio Manager

MD Financial Management | Gestion financière MD; London; Remote; CAD 80,000 - 120,000; Full time

Job summary

A leading financial management firm is seeking a National Portfolio Manager to provide discretionary management services to high net worth clients. The role involves developing client investment strategies, compliance with regulations, and maintaining strong client relationships. Candidates should have a minimum of 5 years in investment management and hold a CFA or CIM designation. The position offers a full-time role within a dynamic team across Canada.

Qualifications

• Minimum of 5 years experience specifically delivering discretionary investment management services to high net worth clients.
• Must be registered with the appropriate provincial securities commission.
• Broad based business experience in wealth management.

Responsibilities

• Provide discretionary portfolio management services to high net worth clients.
• Analyze securities for transfer and review credit quality of fixed income investments.
• Communicate investment strategies to clients and assist in their understanding.

Skills

Discretionary investment management services

Client relationship management

Macro-economic awareness

Investment Policy Statement development

Education

University degree

CFA charter holder

Chartered Investment Manager (CIM) designation

Job description

Join to apply for the National Portfolio Manager role at MD Financial Management | Gestion financière MD

Requisition ID : 233801

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Overview

As a Portfolio Manager, National Team, you will provide discretionary portfolio management services to higher net worth MD clients nationally in a virtual environment and report to the Director, MD PIC Practice Lead MDPIC. This position partners closely with MD Financial Consultants (FC) to foster, maintain and strengthen client relationships. The position contributes to the overall success of the MD business line ensuring specific individual goals, plans, initiatives are executed and delivered in support of the team’s business strategies and objectives. The PM ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. This is a National role available across Canada.

Responsibilities

• Be accountable for client discovery, development of the Investment Policy Statements (IPS), portfolio modelling and investment compliance with the client’s IPS
• Contact is initiated by the client, Financial Consultant or the PM and can be facilitated through voice and web channels by the PM. Depending on the service and contact model requirements, client contact with the PM will be through telephone, email and web conferencing (i.e., Teams Meetings). At least one formal investment review will occur annually with the FC, the client & the PM (virtually).
• Be licensed nationally and support a team of advisors in your assigned region as the Portfolio Manager for assigned PIC clients, providing discretionary investment management while partnering with the FC
• Transactional and execution-focused in relation to investment discussion, compliance and regulatory obligations and advisor-led client meetings.
• Assess client objectives and risk tolerance, calibrate investment solutions based on client input and cues, develop and implement appropriate written Investment Policy Statement; this includes gathering client personal information, determining asset allocation and identifying special needs and liquidity requirements
• Conduct ongoing client reviews including discussion of portfolio performance, periodic reviews of appropriateness of objectives and of tax situation and cash flow needs
• Analyze securities for transfer in-kind due to capital gain / loss reasons, analyze segregated stocks and bonds to determine classification, suitability, and eventual disposition / tranching-in strategies, review credit quality and duration of fixed income investments, analyze industry, sector and country allocation as it pertains to equity investments
• Communicate and explain to clients the individual fund manager's strategy; this includes management style and view of each Pool held in the portfolio, MD's strategic and tactical view on markets and the economy, and overall portfolio performance
• In partnership with the FC, work to assist in developing client understanding and education of Private Investment products.
• Participate in discovery meetings, working with Financial Consultants and other advisors within the team to develop client wealth plans.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of the respective area in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML / ATF / sanctions and conduct risk.
• Champion a high performance environment and contribute to an inclusive work environment.
• Support Regional Heads in overseeing the PM onboarding process and provide education and training to all new and existing MD PIC employees as required to create consistency at a national level.

Must Haves / Qualifications

• Minimum of 5 years experience specifically delivering discretionary investment management services to high net worth clients
• Must be registered or able to become immediately registered with the appropriate provincial securities commission as a Portfolio Manager
• Must be a CFA charter holder (including 12 months of relevant investment management experience subject to regulatory approval) or possess their Chartered Investment Manager (CIM) designation (including 24 months of relevant investment management experience subject to regulatory approval)
• Life Licensed would be an asset
• University degree is required
• Broad based business experience and acumen in supporting and partnering with other wealth lines of business and delivering services to external clients
• Respected within external community and external peer group as a credible and open partner where he / she can seek and provide advice
• Knowledge and understanding of critical macro-economic issues for potential financial impact on clients’ investment portfolios
• Ability to articulate the firm’s macro view of the economy, markets and global issues and incorporate this perspective into the firm’s capital market return assumptions and advice regarding clients’ investment goals and strategies
• Thorough understanding of MD fund manager selection and oversight processes

Location

Location(s) : Canada : Alberta : Calgary ; Canada : British Columbia : Vancouver ; Canada : Nova Scotia : Halifax ; Canada : Ontario : Toronto

About the employer

Scotiabank is a leading bank in the Americas. Guided by our purpose : "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales