Portfolio Manager, Equity Income Team

Scotiabank; Toronto; On-site; CAD 180,000 - 300,000; Full time

Job summary

Scotiabank is seeking a Portfolio Manager for the Equity Income Team within 1832 Asset Management L.P. to oversee, guide, and execute income-focused equity investments across Canadian, North American, and global markets.

You will select securities for managed mandates, engage with distribution channels, and contribute to investment discussions with PMs, analysts, and traders. Strong leadership, rigorous analysis, and a client-facing mindset are essential.

Qualifications

• Undergraduate degree in Accounting, Finance, Commerce, or related field.
• MBA/Graduate degree would be considered an asset.
• CFA or equivalent designation completed.
• Minimum 10+ years of experience in portfolio management, equity research and/or equity income investing.
• Registered, or the ability to be registered, as a Portfolio Manager.
• Strong quantitative abilities, including knowledge of Excel and other financial software.
• Excellent mathematical abilities, interpretative and analytical skills.
• Proven ability to collaborate with and work effectively as part of a team of investment professionals.
• Superior knowledge of portfolio management process, investment policy, equity valuation and risk management.
• Ability to work independently and results driven.

Responsibilities

• Determine and implement investment strategies for equity income funds/mandates.
• Research market trends, sector dynamics, dividends and fundamentals related to equity income.
• Prepare recommendations on equity income strategies using multiple information sources.
• Analyze, select and monitor dividend-paying investments for alignment with strategies.
• Maintain asset positioning, sector exposure, yield profile and risk characteristics.
• Identify new equity income opportunities with dividend growth potential.
• Engage with management teams, bankers and analysts regarding investments.
• Attend and participate in internal investment meetings and client marketing activities.
• Collaborate with the 1832 Asset Management team to share investment ideas across groups.

Skills

Analytical skills

Presentation skills

Mathematical ability

Self-motivation

Team collaboration

Adaptability

Education

Undergraduate degree in Accounting/Finance/Commerce

MBA or graduate degree (asset)

CFA or equivalent designation (asset)

Job description

Title: Portfolio Manager, Equity Income Team

Requisition ID: 272013

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

Purpose:

As a member of the Equity Income team within 1832 Asset Management L.P., the Portfolio Manager, Equity Income (PM) is responsible for providing oversight, guidance, and expertise in portfolio construction and analysis for income-oriented equity mandate. The PM will be responsible for investing assets in their respective funds/mandates, with a focus on Canadian, North American and/or Global equity markets, emphasizing dividend-paying companies, total return, downside protection and long-term capital appreciation. The PM will be responsible for implementing equity income strategies within their portfolios and managing the day-to-day portfolio trading.

The PM will be responsible for selecting securities for portfolios managed and/or co-managed, as well as helping to recommend financial stocks for the team as a whole.

The PM will manage and/or co-manage several equity income mandates that may span multiple distribution channels within Scotiabank. As a result, the PM will be required to engage in marketing and client-facing activities to support these various distribution channels and will collaborate with channel representatives to ensure investment alignment with the objectives, risk profiles and income requirements of the various mandates.

Broadly, the PM will contribute to 1832 Asset Management by sharing and debating investment ideas within the Equity Income team as well as across the broader investment management team. The PM will collaborate with other PMs, associate PMs and portfolio analysts in the team.

Major Accountabilities:

• Determining and implementing investment strategies for their respective equity income funds/mandates, based on investment objectives, income requirements, risk parameters and requirements determined in partnership with the various Bank distribution channels;
• Researching and analyzing market trends, sector dynamics, interest rate conditions, dividend sustainability, valuation and company fundamentals as they relate to equity income opportunities;
• Preparing recommendations on equity income investment strategies and securities, factoring in multiple sources of information, including but not limited to:
  • Corporate reports, earnings updates and dividend policy disclosures
  • Industry publications and sector research
  • Sell-side and institutional research, including valuation, yield and cash-flow analysis
  • Management interviews, investor presentations and engagement feedback
• Analyzing, selecting and monitoring dividend-paying and income-oriented equity investments to ensure alignment with investment strategies, mandate objectives and risk parameters;
• Maintaining the funds’ asset positioning, sector exposure, yield profile and risk characteristics, adjusting where necessary;
• Researching and identifying new equity income investment opportunities, including companies with sustainable dividends, dividend growth potential and attractive total return characteristics;
• Engaging with corporate management teams, investment bankers and analysts where an investment exists and/or an opportunity to invest exists, with emphasis on capital allocation, balance sheet strength, cash-flow durability and dividend sustainability;
• Attending and actively participating in various internal investment meetings, including weekly Partners meetings and semi-annual Offsite meetings;
• Assisting in Marketing efforts, including presentations to clients and the production of Marketing materials;
• Collaborating with the 1832 Asset Management investment management team, including Portfolio Managers, Associate Portfolio Managers, Analysts and Traders, with an interest in and the ability to share equity income investment ideas across the broader investment management team.

Education/Work Experience/Designations:

• Undergraduate degree in Accounting, Finance, Commerce, or related field;
• MBA/Graduate degree would be considered an asset;
• CFA or equivalent designation completed;
• Minimum 10+ years of experience in portfolio management, equity research and/or equity income investing;
• Registered, or the ability to be registered, as a Portfolio Manager;
• Superior analytical, evaluative, and problem-solving abilities;
• Strong quantitative abilities, including knowledge of Excel and other financial software packages, as required;
• Excellent mathematical abilities, interpretative and analytical skills, with knowledge of accounting an asset;
• Proven ability to collaborate with and work effectively as part of a team of investment professionals;
• Superior knowledge and understanding of the portfolio management process, investment policy, equity valuation, dividend analysis and risk management;
• Ability to work independently;
• Self-motivated and results driven;
• Strong presentation skills, with the ability to communicate to various audiences as required.
• Coachable and ability to adapt

Working Conditions: This is a high-paced, stressful environment that can be unpredictable. Incumbents should be prepared to respond to market activity, company-specific developments, dividend announcements and changing client or channel needs.

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) please let our Recruitment team know. If you require technical assistance, please click here.