Portfolio Analyst - 18 Month Contract

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Scotiabank is seeking a non-client facing Portfolio Manager for centralized management of large investment portfolios for high-net-worth clients. You will work with field teams to ensure asset mix and returns align with client goals, leveraging central models and cash management discipline.

Responsibilities include monitoring portfolios, developing modeling strategies, onboarding accounts to central models, and producing client reports.

Qualifications

• University degree or college diploma or equivalent.

Responsibilities

• Regularly monitor portfolios to stay in-line with targets and rebalance as needed.
• Assist with development and execution of modeling strategies.
• Onboard and realign new accounts to central models.
• Handle illiquid positions or non-discretionary components.
• Cash management activities.
• Maintain central models on portfolio accounting system and prepare reports.

Skills

Investment management

Portfolio management

Excel

Python

Communication

Education

University degree

CFA CIM asset

CIM accreditation

Tools

Portfolio accounting system

Job description

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Requisition ID: 278508

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

Purpose

A non-client facing role that is accountable for the management of large number of investment portfolios for high-net-worth clients on a centralized basis. Working with client facing registrants to ensure that the asset mix and total return meet clients’ short- and long-term income and investment growth goals using central models containing approved securities and the firm’s corporate investment asset mix strategy.

Liaising with Scotia Jarislowski Fraser Portfolio Management teams in the field as necessary to deliver a seamless and efficient client experience by managing cash requirements and ongoing portfolio management for portfolios adhering to the centralized models. while being sensitive to capital gains tax impacts and client driven constraints.

Major Accountabilities

• Regularly monitoring portfolios to ensure they are in-line with the security and asset mix targets and rebalancing where appropriate
• Assisting with the development and execution of the various modeling strategies including but not limited to:
• Onboarding and realigning new accounts to the central models
• Handling some special situations, i.e. illiquid positions or non-discretionary components of their portfolios.
• Cash management activities
• Maintaining the central models on the portfolio accounting system and completing the various field communications and reporting.

Provide timely support for the Portfolio Manager or Associate Portfolio Manager by:

• Preparing and customization of client portfolio reports and various management reporting
• Identifying areas of risk and opportunities for process improvement.

Ensure a high level of client satisfaction, internally and externally by:

• Proactively identifying and implementing strategies to address client needs
• Preparing communications and various reports in support of investment decisions.
• Ensure compliance with all regulatory requirements, firm policies and accuracy of trading activities

Contribute to the effective functioning of the Centralized Portfolio Management team by:

• Assisting with various initiatives including technology projects and operational efficiency changes
• Acting as resource for general inquiries from the other departments
• Providing a high level of customer service
• Maintaining a culture of open and honest communication
• Participating and contributing to touch bases and team meetings
• Encouraging the generation of new ideas and approaches
• Actively share knowledge and experience to enhance the development of all team members

Education/Work Experience/Designations

• A University Degree or College Diploma or equivalent
• Strong investment management knowledge and experience as it relates to understanding economic and capital markets
• Minimum 2 years direct industry experience
• Advanced knowledge of Excel, Portfolio Accounting systems, and Python would be an asset
• Enrollment in CFA program is an asset, or
• CIM, or its predecessor CIF, or in process of attaining CIM accreditation
• Demonstrated experience applying AI technologies to enhance efficiency, decision-making, or client outcomes in a financial services environment is an asset

Working Conditions

• Standard office environment with regular exposure to computer usage.
• Significant periods of concentration required to digest large volumes of data pertaining to portfolios, as well as economic and capital markets data

Location(s): Canada : Ontario : Toronto

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 (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here .